Expert projects 60,000mw of electricity: 2050

United Kingdom based energy expert has projected that Nigeria could generate 60,000megawatts of electricity from renewables by 2050, if its potential is fully harnessed.The...

France to invest €1 billion in Nigeria’s oil & gas sector

The French government says it has set aside about €1 billion to invest in Nigeria’s oil and gas industry, to strengthen its economic relations...

UBA Foundation launches ‘Read Africa’ in Liberia

In pursuance of its mission to uplift the lives of the communities in which the United bank for Africa (Plc) operates, UBA Foundation’s initiative,...

NNPC’s staff cost takes lion’s share of $33.8 bn 2016 ...

The Nigerian National Petroleum Corporation (NNPC) overhead costs took the lion share of $33.8billion it generated in 2016, latest findings from BudgIT, a data...

PYXERA, YieldWise to equip 20,000 tomato farmers against post-harvest losses

PYXERA, the implementing partner of YieldWise in Nigeria, is working with 20,000 farmers in Kano State to equip tomato farmers with skills in post-harvest...

ICT will resuscitate Nigeria economy – Shittu

Minister of Communications, Mr. Adebayo Shittu, has said that the ministry would leverage on information and communication technology (ICT) to rejuvenate the Nigeria’s economy...

AfDB presses for $135 billion loan to MSMEs

The African Development Bank (AfDB) has called on financial credit providers to increase lending to Micro, Small and Medium Enterprises (MSMEs) in Africa to...

Customs to e-auction seized goods from July 1

The Nigeria Customs Service (NCS) will sell seized goods from Saturday when its auction online portal is opened.Its Public Relations Officer (PRO), Mr Joseph...

CBN positive on 6.1 million tonnes rice target this year

The Central Bank of Nigeria (CBN) has assured that Nigeria would meet its 6.1 million tonnes rice demand by the end of this year’s...

Udoma warns MDAs against Budget padding

Minister for Budget and National Planning, Mr Udoma Udo Udoma, has warned Federal Government Ministries, Departments and Agencies (MDAs) against padding their personnel budget...

Nigeria-Mexico trade volume hits $600 million

The trade volume between Nigeria and Mexico has grown by 360 per cent from 166.5 million dollars in 2012 to 600 million dollars in...

CBN’s FX interventions increases to $6.38 billion

As Central Bank of Nigeria (CBN) injected $240 million to the Retail Secondary Market Intervention Sales (SMIS) last Friday, its series of injection into...

Oil production drops with cumulative losses of ₦131.8 billion

The Nigeria economy is faced with a drastic decrease in crude oil production since the beginning of 2017 which has led to a cumulative...

Investors lose ₦780 billion in three days

The losses recorded by many stocks listed on the Nigerian Stock Exchange in the last three days of trading have wiped out a total...

SMEs capitalisation on NSE hits ₦11.46bn in 3-months

The market capitalisation for the Small and Medium Enterprises quoted on the floor of the Nigerian Stock Exchange stood at ₦11.464bn ($37.4m) as of...

Expert projects 60,000mw of electricity: 2050

United Kingdom based energy expert has projected that Nigeria could generate 60,000megawatts of electricity from renewables by 2050, if its potential is fully harnessed.The...

Lagos State, is a place for all tribe

The holding of the Eyo Festival as part of the activities marking fifty years of Lagos State, transported me back to my childhood. Although...

Why CBN intervened in Etisalat, Nigeria banks feud

The Central Bank of Nigeria on Friday said it intervened in the crisis between Etisalat and a consortium of 13 Nigerian banks over a...

Bank customers opinion on ₦138 billion alerts, withdrawal charges

The top 10 banks earned ₦138 billion from charges on electronic payment transactions. This represented 26 per cent increase from the ₦109.1 billion earned...

Fitch Ratings impressions of Nigeria’s $300m diaspora bond

Despite the marked improvement in Nigeria’s foreign exchange market, the external sector and the macro-economic fundamentals, Fitch Ratings, yesterday, assigned Nigeria’s upcoming dollar-denominated senior...
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Nigeria’s Adesina emerges 2017 World Food Prize Laurette

President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has been named the 2017 World Food Prize Laureate at a ceremony at the...

Supreme Court allow Trump forge ahead with travel ban

The Supreme Court is allowing President Donald Trump to forge ahead with a limited version of his ban on travel from six mostly Muslim...

Eid al-Fitr: Buhari first message since leave, calls for peace and...

President Muhammadu Buhari has delivered an audio message to mark the Islamic Eid al-Fitr holiday, two senior presidency sources said, his first public statement...

AfDB to ensure drought does not lead to famine with $1.1bn

The African Development Bank (AfDB), has concluded plans to deploy $1.1 billion with approval of its board to address drought-related crisis and ensure that...

(UPDATED )Multiple explosion kills nine in Borno State capital

Multiple explosions have rocked Maiduguri, the Borno State capital amid celebrations to mark the Eid-El-Fitr Muslim celebrations.The incident which occurred on Sunday night was...

Messi career in numbers as he’s turning 30

With Lionel Messi turning 30 on Saturday, we look at the Barcelona and Argentina star’s illustrious career in numbers.507 Goals for Barcelona, in 583...

Tax Scandal: Ronaldo ‘outraged’; may leave Real Madrid

Real Madrid star Cristiano Ronaldo is “outraged” at what he feels is unfair treatment by Spanish tax authorities and is determined to quit the...

Nigeria, Ivory Coast, Zambia suffer shock losses

Former African champions Nigeria, Ivory Coast and Zambia all lost at home Saturday on a day of upsets in the first qualifying round for...

Manchester United releases Ibrahimovic, will continue rehab with the club

Zlatan Ibrahimovic has been released by Manchester United – but the veteran striker will continue his rehabilitation with the club, Press Association Sport understands.Signed...
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Messi reiterates desire to end career at Barcelona

Five-time Ballon d’Or winner Lionel Messi has reiterated his desire to see out his career with Barcelona.The 29-year-old, who moved to Spain aged 13...

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