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The Nigeria’s downstream petroleum industry lost about N884.8 million in seven days to the high cost of importing Premium Motor Spirit (PMS), also known as petrol, resulting from a differential of N3.16 per litre. Besides, Nigeria’s crude oil...
The Acting President, Prof. Yemi Osinbajo, on Thursday, assured investors that the country would come out of the economic recession stronger and bigger with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the...
The popular Ile-Epo Foodstuff Market in Agbado Oke-Odo Local Council Development Area, Abule Egba area of Lagos has been demolished to pave way for a modern market befitting a mega city. Findings show that the exercise was being carried out...
Mark Zuckeberg, CEO of Facebook’s net worth has plunged at about $5 billion after his company shares slumped. This is as a result of the Cambridge Analytica scandal in which data of 50 million users was reportedly misused.
The World Bank has approved an International Development Association Credit and an IDA Scale Up Facility Credit in the total amount of $486 million equivalent for rehabilitation and upgrading of electricity transmission substations and lines. The investments under the Nigeria...
Android handily beats the iPhone in light of the fact that it gives a lot more functionality, flexibility and freedom of choice. #1. Better values for your money Android beats the iPhone in the sense that If you need an iPhone,...
Today we’re taking an important step to protect the integrity of elections around the world by taking down more than 270 pages and accounts operated by a Russian organization called the Internet Research Agency (IRA). Most of our actions against the IRA to date have been to prevent them from interfering in foreign elections. This update is about taking down their pages targeting people living in Russia. This Russian agency has repeatedly acted deceptively and tried to manipulate people
Senior Special Assistant to the President on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa,  has pleaded with the Central Bank Of Nigeria and Attorney-General of the Federation (AGF) to give Nigerians abroad more time to obtain their Bank...
Guinness Nigeria is shifting its focus from premium brands to the “lower end” volume market in order to boost sales and revive profits, the brewer said in its rights issue share offer prospectus. The Nigerian subsidiary of Diageo is looking...
Research Analyst at FXTM, Lukman Otunuga, has stressed the need for governments at all levels in Nigeria to focus on infrastructural development. Otunuga, in a report titled: “Is Nigeria poised for an economic rebound?” pointed out that while major roads...
The Governor of Yobe state, Ibrahim Geidam, on Wednesday June 28th, approved the appointment of 716 aides. A statement by Shuaibu Abdullahi, the spokesman to the Secretary to the State Government gave the breakdown of the positions as five...
Koenigsegg Regera’s key is the world’s most expensive car key and it is pricier than most cars you see on the road. The key which is decorated with 18K pink gold or 40k diamonds comes from a company specialized...
ABERDEEN-based Eland Oil and Gas has seen losses triple after facing security challenges on its licence in Nigeria during what it called a very difficult year. The Aim-listed company lost $31.4million before tax in the year to 31 December compared...
The Chief Executive Officer of Google Inc. Sundar Pichai, is currently in Nigeria. The multinational technology company that specializes in Internet-related services and products is bringing new products to the Nigerian market and Pichai says he is here to...
Anti-Genetically Modified Organisms (GMOs) activists‎ under the auspices of Health of Mother Earth Foundation (HOMEF) has alleged plans to subvert and destroy Nigeria’s food system to make the country dependent on foreign seed and chemical companies like Monsanto, Syngenta...
REDTV, the online lifestyle network powered by the United Bank for Africa (UBA), held an exclusive screening for Season 2 of the hit series, Inspector K at Filmhouse Cinema in Lekki, Lagos on March 16, 2018.
Zambia’s president Edgar Lungu has called for an out of court settlement with First Quantum Minerals, which is being sued for $1.4 billion by a state-owned firm, the presidency said on Thursday. First Quantum asked a Zambian court...
Made Men Music Group frontline act Tekno has set aside N5 million to support small businesses and students on social media. The singer took to his Twitter page to announce that he is prepared to help small...
  The Kano Zonal Office of the Economic and Financial Crimes Commission has recovered the sum of N328,988,296,990.62 from nine major oil marketers across the country.   A statement released by the anti-graft agency says the amount represents the cost of products...
On Tuesday, Anglo-Dutch energy giant Shell said; because of a leak, it has shut down a major crude supply pipeline in Nigeria’s restive south Shell subsidiary- the Shell Petroleum Development Corporation of Nigeria Ltd (SPDC) said the Trans...

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