The South-East Amalgamated Markets Traders Association, on Monday, rejected the recent increase in the import duty on cargoes charged by Nigeria Customs Service. SEAMATA is the umbrella union of traders in all the…
The Nigerian National Petroleum Corporation (NNPC) has contracted Innoson Vehicle Motors (IVM) to produce Condensed Natural Gas cars, the indigenous car manufacturer has said. The Chairman of Innoson Group, Innocent…
Going by the words of Nigerian National Petroleum Company Limited (NNPCL) Group Managing Director/ Chief Executive Officer (GMD/CEO) Mele Kyari, petrol will sell for between N320 and N340 per liter from February, next…
The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official…
The Director-General, National Youth Service Corps (NYSC), Brigadier General Shuaibu Ibrahim, on Friday, reminded government Ministries, Department and Agencies (MDAs) across Nigeria of an existing circular, prohibiting…
The Economic and Financial Crimes Commission has reportedly grilled the newly-appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo. It was learnt that Okonkwo’s questioning is not…
The prestigious NLNG's Award which takes place every October has been hosted this year with a lot to talk about. It came with a whooping sum of $100,000 for Nigeria prize for Literature, a $100,000 prize for Science and…
The cryptocurrency market is now worth more than $3 trillion. The little more than a decade old market for digital assets has already roughly quadrupled from its 2020 year-end value, as investors have gotten more…
Elon Musk, the world's richest man, challenged a United Nations (UN) official's claim that just a small percentage of his wealth could help solve world hunger. Musk was responding to comments by David Beasley, director…
The Federal Government has exempted fully vaccinated travellers from the mandatory one-week isolation. The Nigeria Centre for Disease Control (NCDC) confirmed the development on Tuesday in a Facebook post. Chairman of…
Bitcoin rallied to a record, topping $66,000 for the first time, as optimism surged for greater mainstream acceptance in the wake of the successful launch of the first exchange-traded fund for U.S. investors. While the…
Afe Babalola Recently, Nigeria’s Minister of Finance, Zainab Ahmed, reportedly stated in an interview that the country’s high debt service is connected with the huge expenditure being incurred in the satisfaction of…
The United Kingdom (UK) has warned its citizens against travelling to twelve states in Nigeria over insecurity issues. This was disclosed in a travel advisory published by the UK Foreign, Commonwealth and Development…
The Federal Government have listed fresh conditions to inbound travellers to Nigeria after the United Kingdom relaxed its COVID-19 travel restrictions for fully vaccinated Nigerians. In a statement on Friday, Secretary…
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday. At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but…
The Economic and Financial Crimes Commission (EFCC) has withdrawn its suit seeking the forfeiture of N20billion bailout funds granted to the Kogi State Government by a new generation bank. The money, which was meant for…
Justice Daniel Osaigor of a Federal High Court in Lagos, on Wednesday, ordered a former Minister of Aviation, Femi Fani-Kayode, to pay N200,000 for not making himself available for re-arraignment for alleged money…
President Muhammadu Buhari on Tuesday approved the appointment of Dr Ezra Yakusak as the new Executive Director/Chief Executive Officer of Nigeria Export Promotion Council, NEPC. The development was revealed in a…
The Economic and Financial Crimes Commission on Tuesday arraigned a former Vice-Chancellor of the Federal University Gusau, Prof. Magaji Garba, before Justice Maryam Aliyu of the Federal Capital Territory High Court,…
The Assets Management Corporation of Nigeria (AMCON) said it has received N1, 667, 582, 605.04 recovered by the Economic and Financial Crimes Commission (EFCC) between 2017 and July 5, 2021. The Corporation said these…