Lekki Port to commence operations by 2022
The commencement of operation at Lekki Port has been postponed for the third time by the Lagos State Government.
Pipeline Vandalism: Stakeholder collaboration, critical to tame menace – Kyari
The NNPC has disclosed that collaboration of all stakeholders is critical to prevent pipeline vandalism and oil theft which result in explosions.
Africa’s richest woman has been dragged to court for corruption
Isabel dos Santos of Angola has finally been dragged to court, charged with money laundering and mismanagement of public assets.
NLNG, Total Gas & Power sign 10-year sales deal
A sale and purchase agreement has been sealed by NLNG and Total for some of the remarketed volumes of Liquefied Natural Gas.
FG to establish agro-allied industries across Nigeria
President Buhari has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in all 36 states of the federation.
US Travel Ban: Buhari says it’s mere speculation
The Nigerian government has described the news that the US government is planning to place a travel ban on Nigeria and others, as mere speculations.
Nigeria ranks 146 on Global Corruption Index in 2019
According to the latest report released by Transparency International, Nigeria is now ranked 146 out of the 180 countries considered. This is two steps lower from 144th ranked in 2018.
Law Union, AIICO, Honeywell top gainers’ chart on Wednesday
Law Union, AIICO Insurance, and others have reasons to be happy, as their stocks made the ranks of gainers on Wednesday.
South African Airways to cancel more foreign routes, as revenue loss bites
South African Airways is cancelling some routes, including flights to neighbouring countries where it has grossed poor revenue in the past years.
PoS transactions hit N3.20 trillion in 2019, as stamp duty rip-off remains
The value of transactions carried out using Point of Sale (PoS) channel in Nigeria hit N3.20 trillion in 2019.
AfDB partners DFID to unveil $80m infrastructure financing for Africa
The AfDB disclosed that it had partnered with DFID to unveil its $80 million infrastructure financing initiative for Africa.
Convicted former UBS Group stock trader now plans to redefine Ghana’s mortgage industry
Kweku Adoboli said he has a plan to start what he described as Ghana’s “mortgage-backed bond market”.
Facebook to employ 1,000 London-based staff to improve safety
In a bid to improve safety on its social media site, Facebook has announced that it would employ 1,000 more London-based staff.
Netflix stands tall against competition, adds 8.8million subscribers to its base
Netflix seems to be doing really well as the company’s 2019 fourth-quarter results show it has added 8.8 million subscribers.
Airtel partners Western Union to expand its own mobile money service
Airtel Africa Plc announced that it had gone into partnership with Western Union to provide a reliable mobile money service for its customers.
Network glitch: Poor internet speed impedes banking services
Several internet customers have continued to experience slow internet, as poor internet speed continues to impede banking transactions.
Customs officers must declare their assets annually – Customs boss
The Comptroller-General, NCS, retired Col. Hameed Ali, has said customs officers would henceforth be asked to declare their assets every year.
Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries
Nigerian tech startup, Paga, has acquired Ethiopian-based software development firm, Apposit.
PFAs boost investment in infrastructure to N40.52 billion
The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report.
Obasanjo opens garment factory, competes with Nike Art Gallery, Sam & Sara
Former President Olusegun Obasanjo has established a garment factory, Heritage Apparel, in Abeokuta, Ogun State.#Obasanjo #NIKEARTGALLERY
Loan scam: Lekoil Limited seals payment extension deal to prevent losing oilfield
Weeks after Lekoil Limited was submerged in a loan scam, the company has secured a postponement agreement to keep its shares
Herbert Wigwe sells 28.8 million Access Bank shares
Access Bank's Chief Executive Officer, Herbert Wigwe, has sold 28.86 million shares worth N297.82 million, which represents 2.33% of his stakes in the bank. The transaction, which was done through Trust Capital Limited, was disclosed in a notice filed at the Nigerian Stock Exchange.
Law Union, Lafarge, Unity Bank lead gainers’ chart on Tuesday
The stock exchange market traded negatively on Tuesday as the all-share index dipped 0.83% to close at 29,462.76 index points.
Experts outline what SMEs must do to attract fund, investors in 2020
In order to bridge the gap between funding and SMEs, business experts at the Nairametrics 2020 Economic Outlook discussed factors discouraging investors and proffer solutions
Economy: IMF & World Bank differ on Nigeria’s growth outlook
The IMF released its Global Economic Outlook where the fund announced it expects global growth to slow in 2020 to 2.9% (World Bank – 2.5%).
Trump may extend travel ban to Nigeria, Tanzania, Belarus, others
President Donald Trump may consider his travel ban to Nigeria, Burma, Belarus, Eritrea, Kyrgyzstan, Sudan and Tanzania. A source in the White House disclosed.
Flutterwave raises $35 million to expand operations
Flutterwave has disclosed expansion plans to Francophone and northern Africa as it raises a $35 million Series B round.
Pipeline explosion: Over 45,000 incidents recorded in 18 years – NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that 45,347 incidents of pipeline explosion had occurred in the last 18 years.
Afreximbank pledges $500 million to support African creative products
Afreximbank has pledged $500 million for the production and trade of African cultural and creative products over the next two years.
Blueprint Consulting denies involvement in N574 million fraud
Blueprint Consulting has denied its involvement in a scheme organised by one of its partners through which 354 forex trade investors were defrauded of N574.2 million.