Imo Assembly passes N332.8bn 2021 appropriation bill; Gov’s office gets N11bn
The Imo State House of Assembly on Monday passed the state Appropriation Bill of N332.831 billion for the 2021 fiscal year. This excludes the Consolidated Revenue Fund Charge of N13.3…
AfCFTA, opportunity to increase intra-African trade by over 50%, add $76bn in income to the rest of the world – Report
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for African regional and international agri-food trade, a new report said….
SEC disowns Famzhi Interbiz, says company facing prosecution; warns public
The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited saying that neither the entity nor their products are registered or regulated by the Commission. Mrs…
$4.6bn Ibom Deep Seaport to create over 300,000 jobs-Official
The Government of Akwa Ibom says the approval of $4.6 billion by the Federal Government to build Ibom Deep Seaport (IDSP) will create jobs for over 300,000 teeming youths in…
Border reopening: NSE market capitalisation hits N19trn; Dangote, MTN lead gainers
The Nigerian Stock Exchange (NSE) market capitalisation on Friday nosed up by N296 billion to cross N19 trillion mark, amid gains by some blue chips. Specifically, the market capitalisation which…
Leo Stan Ekeh and the price for success
By Adesh Kalpesh Recently, there has been a sudden burst of corporate blackmail aimed at one of Africa’s most illustrious entrepreneurs, Leo Stan Ekeh. Most appalling is the pettiness and…
Govt. must remain consistent with its policies on liberalisation of petroleum downstream sector – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says the Federal Government must remain consistent with its policies, especially as regards the liberalisation of the petroleum downstream sector. Mr. Clement…
Food prices increase as Nigeria’s inflation hits 14.89%
Nigeria’s headline inflation has increased for the 15th consecutive month to 14.89% in November 2020, from 14.23% in October. The report which was released on Tuesday by the National Bureau…
World Bank approves Nigeria’s $1.5bn loan request, says country at a critical juncture
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a…
Shoppers to save big as Konga Jara 2020 debuts
Nigeria’s leading composite e-Commerce giant has rolled out Konga Jara 2020, the final sales promo for the year, offering customers huge savings on their year-end shopping. This year’s edition of…