FG adopts ranching to permanently solve farmers-herders crisis

20 June 2018
FG adopts ranching to permanently solve farmers-herders crisis

Federal government has presented a plan to permanently solve farmers-herders conflicts in Nigeria which has claimed lives of thousands over the years. Hundreds of people have been killed in 2018...

Naira exchange rates converge across major market segments

20 June 2018
Naira exchange rates converge across major market segments

Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market. At parallel market, naira traded at N360 to a dollar, stronger than the N360.6 exchanged...

Oil prices fall on expectation Russia, Saudi Arabia will raise output

18 June 2018
Oil prices fall on expectation Russia, Saudi Arabia will raise output

Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures, the international benchmark for oil prices,...

Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

16 June 2018
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest...

Butchers raise alarm over ‘forced’ relocation to private abbatoir

15 June 2018
Butchers raise alarm over ‘forced’ relocation to private abbatoir

Funmi Olaitan, Ibadan Butchers in their thousands from the 11 local government areas and 14 Local Council Development Areas (LCDAs), in Ibadanland, on Thursday, raised an alarm over the relocation...

Despite drop in inflation food prices stay high — NBS

14 June 2018
Despite drop in inflation food prices stay high — NBS

Despite decline in Consumer Price Index (CPI) the 16th consecutive time since January 2017, composite food price index maintained a significant increase for the month, National Bureau of Statistics (NBS)...

Nigerian Stock Exchange delists 22 companies

14 June 2018
Nigerian Stock Exchange delists 22 companies

Nigerian Stock Exchange (NSE) expelled not less than 22 companies between 2016 and 2017 over non-performance and failure to meet required post-quotation standards. Data obtained from the exchange showed that...

Ariaria market gets power generation, distribution licences

13 June 2018
Ariaria market gets power generation, distribution licences

Nigerian Electricity Regulatory Commission (NERC) on Tuesday announced the approval of a licence to operate an independent power plant in Ariaria market, Abia state. Ariaria Market, known as ‘China of...

IMF's Lagarde says global economic outlook darkening by the day

12 June 2018
IMF's Lagarde says global economic outlook darkening by the day

International Monetary Fund chief Christine Lagarde led an attack by global economic organisations on U.S. President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global...

Tourism contributes 34% to Nigeria’s GDP, generates 20% employment – NBS

06 June 2018
Tourism contributes 34% to Nigeria’s GDP, generates 20% employment – NBS

National Bureau of Statistics (NBS) on Tuesday said tourism sector accounted for 34 per cent of GDP and about 20 per cent of the nation’s employment creation in 2017. Mr...

Leventis stores to re-open in Nigeria before end of 2018

06 June 2018
Leventis stores to re-open in Nigeria before end of 2018

One of the former largest chain stores in Nigeria, Leventis Stores will return to Nigeria before the end of the year. Chairman of Leventis Foundation Nigeria, Mr Ahmed Mantey, announced...

Nigerians consume 20 billion sticks of cigarette annually – Minister

06 June 2018
Nigerians consume 20 billion sticks of cigarette annually – Minister

Over 20 billion sticks of cigarettes are consumed annually in Nigeria, Minister of Health, Mr Isaac Adewole, has said. Adewole also said 4.5 million adults currently use tobacco products, while...

Nigerians to pay more for cigarettes, alcohol from today

04 June 2018
Nigerians to pay more for cigarettes, alcohol from today

Consumers of alcoholic beverages and tobacco will from today (Monday) pay more for the products as the new excise duty rates approved by President Muhammadu Buhari in March come into...

U.S. hits EU, Canada and Mexico with steel, aluminium tariffs

01 June 2018
U.S. hits EU, Canada and Mexico with steel, aluminium tariffs

United States on Thursday said it was moving ahead with tariffs on aluminium and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting...

Oil prices fall as top three producers look to boost supplies

28 May 2018
Oil prices fall as top three producers look to boost supplies

Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world's three top crude producers, Russia, United...

CBN mandates banks to sell forex to customers over the counter

27 May 2018
CBN mandates banks to sell forex to customers over the counter

Nigerians traveling overseas can now heave a sigh of relief following the release of new Central Bank of Nigeria (CBN) directives that make it much easier for people in this...

Oil prices dip as Russia warns of gradual production increase

25 May 2018
Oil prices dip as Russia warns of gradual production increase

Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017. Brent crude futures were at...

Nigeria’s industrial production falls 41% – AfDB

24 May 2018
Nigeria’s industrial production falls 41% – AfDB

Nigeria’s industrial value dropped by 41 per cent between 2012 and this year, African Development Bank has said. President, AfDB, Mr Akinwumi Adesina, said this in a keynote address delivered...

Oil prices drop on potential increase in OPEC output

24 May 2018
Oil prices drop on potential increase in OPEC output

Oil prices fell on Thursday, pulled down by expectations that OPEC members could step up production in the face of worries over supply from both Venezuela and Iran. International benchmark...

Nigeria's Bonny Light crude still under force majeure - Shell

24 May 2018
Nigeria's Bonny Light crude still under force majeure - Shell

Royal Dutch Shell said on Wednesday a declaration of force majeure remained in place on shipments of Nigerian Bonny Light crude oil, while exports at the Forcados shipping hub were...

Farmers fault replacement of Jonathan govt’s agric programme

24 May 2018
Farmers fault replacement of Jonathan govt’s agric programme

Some farmers in Nigeria have faulted the replacement of Growth Enhancement Support (GES) scheme with Agricultural Implements and Mechanisation Services (AIMS). GES was introduced by the administration of former President...

Google launches $2 million empowerment initiative for Nigerians

24 May 2018
Google launches $2 million empowerment initiative for Nigerians

Google has announced the launch of Google Impact Challenge (GIC) Nigeria 2018 initiative aimed at empowering Nigerian citizens to execute projects that would impact the community. The initiative was launched...

CBN retains rates, worries over elections spending, budget

23 May 2018
CBN retains rates, worries over elections spending, budget

Worried by expected high election spending and capital releases from 2018 budget to be signed by President Muhammadu Buhari soon, Central Bank of Nigeria has retained interest rate benchmark at...

Oil prices boosted by news China, U.S. put trade war 'on hold'

21 May 2018
Oil prices boosted by news China, U.S. put trade war 'on hold'

Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold"....

Nigerians groan despite inflation drops

20 May 2018
Nigerians groan despite inflation drops

Though Nigeria’s Consumer Price Index recorded its 15th month of deceleration in April, from 18.97 per cent in January 2017 to 12.48 per cent in April 2018, cost of food...

Govs accuse NNPC of inflating fuel subsidy figures, demand probe from 2015

18 May 2018
Govs accuse NNPC of inflating fuel subsidy figures, demand probe from 2015

State governors have alleged an inflation by almost 50 per cent in Nigeria National Petroleum Corporation (NNPC) figures on petrol consumption and demanded a probe of oil subsidy payments from...

Nigeria loses N4.7bn daily as Shell, others cut export

18 May 2018
Nigeria loses N4.7bn daily as Shell, others cut export

Nigeria is losing roughly N4.7 billion daily as a result of the suspension of export of Bonny Light crude, the country’s premium crude oil. Shipments of the country’s most sought-after...

More pain may come for loss-making NNPC - Bloomberg

17 May 2018
More pain may come for loss-making NNPC - Bloomberg

Abuja-based NNPC made operating losses of $246 million in 2017 It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. Nigerian...

Nigeria’s second largest oil pipeline network shut down

17 May 2018
Nigeria’s second largest oil pipeline network shut down

Nigeria’s Trans-Forcados pipeline which exports the Forcados crude oil has been shut down. Reuters reported Wednesday that the pipeline was shut for repairs to inspect a leak. Quoting an unnamed...

Naira appreciates against dollar at parallel Market

16 May 2018
Naira appreciates against dollar at parallel Market

Naira on Tuesday gained 2.3 points to appreciate against the dollar at the parallel market in Lagos. Naira traded at N360, stronger than N362.3 posted on Monday, while Pound Sterling...

NCAA grounds FirstNation airline

14 May 2018
NCAA grounds FirstNation airline

Nigerian Civil Aviation Authority (NCAA) has suspended Air Operators Certificate (AOC) of First Nation Airways indefinitely over “unauthorised and illegal operations.” NCAA Spokesman, Mr Sam Adurogboye, said in a statement...

Son of a carpenter is UK’s richest man

13 May 2018
Son of a carpenter is UK’s richest man

A businessman who grew up in a council house near Manchester is the richest person in the UK, according to the Sunday Times Rich List. Jim Ratcliffe, who founded chemical...

Oil prices hit highest in years as markets adjust to looming sanctions on Iran

10 May 2018
Oil prices hit highest in years as markets adjust to looming sanctions on Iran

Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market. United...

License not required to generate electricity less than 2MW – FG

10 May 2018
License not required to generate electricity less than 2MW – FG

Mr Babatunde Fashola, Minister of Works, Power and Housing, says interested investors are free to establish commercial independent power generation plant or solar power plant without seeking license from the...

Oil prices jump after U.S. walks away from Iran nuclear deal

09 May 2018
Oil prices jump after U.S. walks away from Iran nuclear deal

Oil prices rose more than 2 percent to a three-and-a-half year high on Wednesday after U.S. President Donald Trump abandoned an international nuclear deal with Iran, likely curbing the OPEC-member's...

Election spending threatens naira stability - CBN

09 May 2018
Election spending threatens naira stability - CBN

Central Bank of Nigeria (CBN) has warned that the economy faces inflation and financial stability risks over the short-to medium-term if expected huge election spending is not checked. CBN Deputy...

845 jobs lost in banks in 3 months – NBS

08 May 2018
845 jobs lost in banks in 3 months – NBS

National Bureau of Statistics (NBS) says Automated Teller Machines (ATMs) from selected banks across the country recorded transactions valued at N1.568 billion in first quarter. NBS stated this in its...

5 important leadership lessons you learn from being a parent

08 May 2018
5 important leadership lessons you learn from being a parent

Entrepreneurs are constantly deriving inspiration from outside sources--whether biomimicry, geometry, language construction, or more. But there's one group that sometimes gets overlooked, and they have got stores of wisdom you...

California now world's 5th-largest economy, surpassing UK

06 May 2018
California now world's 5th-largest economy, surpassing UK

California's economy has surpassed that of United Kingdom to become the world's fifth largest, according to new federal data made public Friday. California's gross domestic product rose by $127 billion...

Oil hits highest since Nov. 2014 as Iran tensions mount

05 May 2018
Oil hits highest since Nov. 2014 as Iran tensions mount

Oil prices rose about 2 percent on Friday with U.S. crude hitting its highest in more than three years as global supplies remained tight and the market awaited news from...




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