Deposit Money Banks borrow N1.7tn from CBN
The Central Bank of Nigeria disclosed in its third quarter economic report that Deposit Money Banks borrowed N1.7tn in three months. Part of the report read, “Deposit Money Banks and…
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FG Deploys Security Officers to Clear Apapa Gridlock
The Minister of Transportation, Rotimi Amaechi, disclosed during a meeting with Maritime Stakeholders and Maritime Workers Union of Nigeria in Lagos that the Federal Government has completed plans to deploy…
Continue readingPrice of Cooking Gas Rises by 20% As Naira Loses Its Strength
As naira plunged on November 30 to 500 per dollar at the parallel market, the price of Liquefied Petroleum Gas, popularly known as cooking gas, sold to marketer in the…
Continue readingSetback for SIM/NIN Linkage as NIMC Website Crashes
Many people who wanted to print the enrolment form, which is a major requirement for registering for the National Identity Number were unable to do so and got stranded. The…
Continue readingAir Peace Now Operates Direct Flight to Jamaica
In a statement on Tuesday by Air Peace spokesman, Mr. Stanley Olisa, the airline operated a direct flight from Murtala Muhammed International Airport Lagos to the Island country of Jamaica….
Continue readingBUA Signed Agreement with Chinese Firm to Build 3 Cement Plants
A statement by BUA Cement on Tuesday indicated that the company has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of three…
Continue readingNigeria Risks Becoming a Failed State – Financial Times
In an editorial on Tuesday titled, ‘Nigeria at Risk of Becoming a Failed State’, the Financial Times of London has described Nigeria as a country going backwards economically and plagued…
Continue readingRise in Sales of Electric Vehicle Threatens Nigeria’s Crude Oil Export
Nigeria’s crude oil export may be threatened as the number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles increase According to the International Energy…
Continue readingNIMC Shut Down Its Lagos Offices to Curtail Spread of COVID-19
In a bid to register and obtain the National Identity Number (NIN), large crowds were seen gathered in the Lagos Offices of the National Identity Management Commission. In order to…
Continue readingOgun Plans to Upgrade Industrial Service Centre
While defending her ministry’s budget proposal of N1.2bn before the State House of Assembly Committee on Finance and Appropriation, the Ogun State Commissioner for Industry, Trade and Investment, Kikelomo Longe…
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