CATEGORY: NEWS REVIEWS


NERC says like CBN, it has powers to sack board of DisCos 

The Nigerian Electricity Regulatory Commission (NERC) through its commissioner for Engineering, Professor Frank Okafor has said that it is...


How Safricom’s MPesa plans to enter Nigerian market

Kenyan telecoms giant, Safricom is considering the various options to bring its popular mobile money product to other countries...



5 key points Osinbanjo’s 2017 budget signing speech.

Acting President Professor Yemi Osinbanjo yesterday signed the 20117 budget into law. This was after President Muhammadu Buhari had...


This data shows Lagos State is crime capital of Nigeria

The National Bureau of Statistics released its 2016 National Crime Statistics report showing that about 125, 790 crime cases...


All the major economic news from Nigeria in 5 minutes – 13/6/2017

Summary of the top business, economic and political news in Nigeria today.   The Central Bank of Nigeria (CBN)...


Why EFG Hermes wants to operate in Nigeria        

As part of its expansion plans, EFG Hermes, an Egyptian investment bank is considering acquiring a firm in Nigeria....


All the major economic news from Nigeria in 5 minutes – 12/6/2017

Summary of the top business, economic and political news in Nigeria today   Acting president, Yemi Osinbajo has signed...


Nigerian banks rake in N132.4 billion from E-business Income in 2016

Data from annual report of some top commercial banks in Nigeria reveal they made a combined sum of N132.4 billion...


The FAAN-Air Peace drama explains why foreign investors are still on the run

Late last week, an Air Peace flight scheduled to take off at from the Akanu Ibiam International Airport, Enugu...



Shareholders want to take Arik back as plans to settle its N160 billion debt is underway

Shareholders of Arik Air seem to be planning a revival of the company’s fortunes as they seek to regain...



Why Forte Oil wants to raise N20 billion from the equity market

One of the top 5 major petroleum marketers, Forte oil has unveiled plans to raise N20 billion in equity...


FG releases N516.4 billion as second tranche of Paris Club refunds

State governors owing salaries and pensions may have cause to smile as the Federal Government has released N516.38 billion...


Investors express disdain over NIPCO/Mobil MTO cut-off date

New owners of Mobil Oil Nigeria Ltd, NIPCO Ltd, launched a Mandatory Take Over Bid for the shares of...


Reports suggest Ethiopia Air may soon run Arik

Reports from Nigeria’s local newspaper, Thisday suggest Ethiopian Airlines is in advanced negotiations with the Asset Management Company of...


All the major economic news from Nigeria in 5 minutes – 09/6/2017

Summary of the top business, economic and political news in Nigeria today. Despite the economic recession, which led to...




All the major economic news from Nigeria in 5 minutes – 08/6/2017

Summary of the top business, economic and political news in Nigeria today.   Nigeria’s manufacturers, airlines, fuel importers and...


Lafarge Africa to run its plants on renewable energy within 5 years

Nigeria’s second largest cement producer, Lafarge Africa is making efforts to run its plants on renewable energy in the...



Dangote Cement factory in Congo to begin operations in July 2017

Nigeria’s richest man, Aliko Dangote has continued with the expansion of Dangote Cement across the continent. The company’s 1.5...




Whistle blowers earn N634 million out of N11.6 billion recoveries

The Federal Government has recovered N11.6 billion through the efforts of 20 whistle blowers. Director of Information, in the Ministry of...


Akwa-Ibom State “Instructs” traders to reduce food prices

Worried by the high cost of food items in the state, the Akwa-Ibom state government has instructed traders to bring down...


The many flaws of the proposed ICT university?

Minister of Communications, Adebayo Shittu on Wednesday inaugurated a 20 man committee on the establishment of an ICT university. As noble...


All the major economic news from Nigeria in 5 minutes – 07/6/2017

Summary of the top business, economic and political news in Nigeria today.   The Chairman, Federal Inland Revenue Service,...