World Bank debars two Nigerian companies for fraud
The World Bank Wednesday debarred two Nigerian waste management companies and their owner for five years for “engaging in fraudulent practices” involving a project in Nigeria. The two companies, Rojoke…
Trade Relations: Nigeria Formally Joins China’s BRI
Nigeria has formally joined China’s Belt and Road Initiative, BRI, the Chinese Ambassador to Nigeria, Zhou Pingjian, has said. Zhou disclosed this at a Spring Festival reception for the media…
NSE market capitalisation loses N220bn, negative for 4 days
Trading on the Nigerian Stock Exchange (NSE) sustained negative for the four consecutive days with the market capitalisation declining by N220 billion. Specifically, the market capitalisation of listed equities on…
Oil prices surge amid Venezuela crisis, low US imports
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as Venezuela struggles…
Cancel 35% Import Levy on New Vehicles, Encourage Local Production of Radiators – ANLCA
Nigerian freight forwarders on Wednesday called for an outright cancellation of the 35 per cent levy imposed on new vehicles imported into the country. The Association of Nigerian Licensed…
Mavin Records attracts multi-million dollars global investment
Marvin Records founded by a renowned musician, Michael Collins Ajereh a.k.a Don Jazzy, on Wednesday, announced a multi-million dollar equity investment, global strategic partnership deal with Kupanda Holdings. Don Jazzy…
US charges Huawei with bank fraud, others stretching over 10 years
The US Department of Justice filed criminal charges against Huawei, accusing the company of bank fraud, sanctions violations and theft of intellectual property from operator T-Mobile US. During a press…
Innovation, Efficiency Drive Investment in Refinery, Petrochemicals – Dangote
L-R: Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who Represented President Muhammadu Buhari; Group Executive Director, Government and Strategic Relations, Dangote Industries Limited, Engr. Mansur Ahmed and…
Andela, Secures $100m to Boost Distributed Engineering Teams Across Africa
Co-founder of Andela, Jeremy Johnson Andela, a company building distributed engineering teams with Africa’s top software developers, on Wednesday said it had secured a $100 million Series…
NCF Invites Ghana Officials As Control Team for Nigeria/Rwanda Bilateral Tour Series
The Nigeria Cricket Federation (NCF) has invited technical officials from Ghana to be part of the “control team’’ for the Nigeria/Rwanda Bilateral Tour Series. Musa Ehizoje, the federation’s Public Relations…