Tuesday, August 11 , 2020
The World Bank Board of Directors has approved a $114.28 million funding to help Nigeria prevent, detect, and respond to the threat posed by the COVID-19 pandemic, with a specific focus on state-level responses…Read more.
Telecommunications operators have called on the Central Bank of Nigeria (CBN), to channel 30 per cent of the N15 trillion consortium it announced recently to boost infrastructure development in Nigeria, especially telecoms…Read more.
The management of Med-View Airline Plc has said the plan to sell-off some of its assets was still in place despite a lawsuit challenging it move at the Federal High Court, Lagos…Read more.
The total revenue generated by five of the major oil marketing companies in the country slumped by 40.79 per cent in the first half of this year, compared to the same period of 2019. The companies, including Total Nigeria Plc and Conoil Plc…Read more.
The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus….Read more.
The Nigeria Union of Petroleum and Natural Gas Workers said on Monday that the strike embarked on by the Petroleum Tanker Drivers branch of the union in Lagos had been suspended…Read more.
Nigeria is treading dangerously at the brinks of a hunger crisis in the event of any severe disruptions to the country’s agricultural system. With Nigeria currently having only about 30,000 metric tons of grains in the strategic grain reserves, out of a capacity of 1.3 million metric tons…Read more.
There is a sense of relief in the private sector over the gradual drop in the number of COVID-19 cases in Nigeria, with businesses beginning to make projections for the first time in over four months. COVID-19 cases in Africa’s most populous country…Read more.
Unbundling of the Transmission Company of Nigeria (TCN) could ensure greater transparency in grid management and reduce the concerns of grid collapse in Nigeria, which has been a major recurring decimal post privatization…Read more.
The President, Risk Management Association of Nigeria (RIMAN) Mr. Magnus Nnoka, has advised risk managers to continue enhance their capacity in order to be abreast with the changing risk landscape…Read more.
The new electricity deal between the Nigerian government, its German counterpart and Siemens AG, will see the upgrading of 105 power substations and the construction of 70 new ones, the Minister of Power, Mr. Sale Mamman has said…Read more.
The federal government has stated its desire to boost investment in Nigeria’s natural gas market with its formal activation of the National Gas Transportation Network Code yesterday…Read more.
Nigerian private sector returned to expansion in July, after three successive months of decline, following an uptick in new orders and easing of the coronavirus (COVID-19) induced lockdown…Read more.
At the New York Stock Exchange (NYSE) where the stock of Jumia Technologies AG (Africa’ leading e-commerce platform) is listed, the stock is now priced at $17 and the shares are 0.54 points up or 6.03 percent higher…Read more.
The Central Bank of Nigeria (CBN), pledged to fund a scientific research programme geared towards developing a curative medical response to the COVID-19 pandemic. This policy response, Healthcare Sector Research and Development Intervention…Read more.
A map of Nigeria When the Federal Government approved the establishment of the N75 billion Nigerian Youth Investment Fund (NYIF), hundreds of thousands young Nigerians were excited about the innovation. They believe it could reduce the increasing unemployment rate…Read more.
The federal government has commenced the execution of the sustainability measures contained in the Economic Sustainability Plan (ESP). The Vice President, Prof. Yemi Osinbajo, stated this at a webinar organised by Lagos Chamber of Commerce and Industry (LCCI) 2020 Presidential Policy Dialogue over the weekend…Read more.
Oil Company Ltd said it has recovered its fuel retail station at Block 36, Admiralty Way, Lekki Phase 1, Lagos purportedly sold by Stanbic IBTC Bank. According to Ascon Oil, the property with a market value of N2.5 billion was undersold at N1.53 billion, through Stanbic IBTC’s Receiver…Read more.