The longest car in the world has finally been restored and is ready to cruise. On 1 March 2022, the super limo rolled in at a length of 30.54 meters (100 ft and 1.50 in), breaking its 1986 record title by a small fraction. built in Burbank, California in...
BUSINESS
By BENJAMIN ORISEMEKE, Abuja – Global oil prices fell on Wednesday by the most in nearly two years after OPEC member, the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude...
By BENJAMIN ORISEMEKE, Abuja – A survey of commodities prices in Lagos shows there might be a marginal decline in inflation figures in March to 15.57 per cent, warning that the spiral effect of the Ukraine and Russian war may result in imported inflation that will send inflation rate...
By BENJAMIN ORISEMEKE, Abuja – The Development Bank of Nigeria (DBN) says it has disbursed more than N62.5 billion to female entrepreneurs in Nigeria as at February 2022. Managing Director of the bank Mr Tony Okpanachi made this disclosure in Abuja on Wednesday when the bank celebrated the International...
By JOY ADARA, Abuja – The Bureau of Public Enterprises (BPE) has officially presented discharge certificates to three privatized enterprises which were earlier delisted from monitoring activities by the Bureau. They are Cement Company of Northern Nigeria (CCNN) located in Sokoto State; Federal Superphosphate Fertilizer (FSFC), Kaduna State and...
A young boy’s talent has turned him into a celebrity on a busy road in an instant. The talented Nigerian identified as Kensmith Rechiel built a yellow sports car himself and took it for a ride, fighting for right of way like normal cars. The Imo state indigene famed for his...
Airline operators in Nigeria have alleged hijacked of aviation fuel by supply chain of the Jet A1 fuel, thereby driving up the price through artificial scarcity. The operators also expressed worry over the safety of airlines in Nigeria, adding that they were disturbed in the face of continuous hike...
Alhaji Aliko Dangote, Chief Executive, Dangote Industries, has urged the Federal Government to embargo export of maize to ensure food security in the country. Dangote made the call during the 4th Annual Nigerian Food Processors and Nutrition Leadership Forum on Thursday in Lagos. The forum was organised by the...
Nigeria and Korea recorded 2billion dollars bilateral trade in 2021. Mr Kim Young-Chae, Ambassador of the Republic of Korea to Nigeria, made this known on Thursday in Abuja while briefing newsmen on the trade, bilateral, political and cultural relations between both countries, as well as possible areas to advance...
By BENJAMIN ORISEMEKE, Abuja – The Minister of State Petroleum Resources Chief Timipre Sylva has called on the United States (US) Government to provide funding support for Nigeria to develop its natural gas resources to serve as alternative source of energy for Europe. The call by Sylva is coming...
Chief Timipre Sylva, Minister of State for Petroleum Resources, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to lack of investments in oil and gas sector. Nigeria’s OPEC quota is pegged at 1.8 million barrels per day (bpd) but in the...
By BENJAMIN ORISEMEKE, Abuja – Ecobank Nigeria has entered into a partnership agreement with the Ogun State government to provide mortgage financing to interested civil servants who are allottees of the state’s housing scheme. Under the housing scheme, the Ogun State Government has developed an acquisition arrangement to build...
By BENJAMIN ORISEMEKE, Abuja – The International Monetary Fund (IMF) says Nigeria and other countries that have very close economic links with Ukraine and Russia are at risk of scarcity and supply disruptions. It added that poor households across the world would suffer from the increase in food and...
By BENJAMIN ORISEMEKE, Abuja – The Federal Government, on Monday said it was opened to onshore and natural gas investments by the Turkish government in Nigeria. Speaking during a bilateral meeting with the Turkish Deputy Minister of Energy and Natural Resources Alpersen Bayraktar, on the side-line of the ongoing...
BY BENJAMIN ORISEMEKE, Abuja – In commemoration of International Women’s Day, IWD 2022, Nigeria’s retail lender, Unity Bank Plc is partnering AltSchool Africa to sponsor female students towards the acquisition of specialist software skills – an empowerment initiative to boost the capacity of the female gender. AltSchool Africa is...
Google on Tuesday announced that Google.org, was committing $1million in charitable funding to support programmes to help women entrepreneurs grow their businesses. Mojolaoluwa Aderemi-Makinde, Head Brand and Reputation, Africa-Google said that the funding was as a part of a series of new initiatives aimed at supporting women-owned businesses. Aderemi-Makinde...
By BENJAMIN ORISEMEKE, Abuja – One of Nigeria’s leading banks, FirstBank Nigeria Limited has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. FBN is Nigeria’s leading financial inclusion services provider The...
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its partnership with CDC Group, the UK Government’s development finance institution on a US$100 million finance facility to FirstBank. This new facility will direct funding to women-owned and led businesses as well as to...
By JOY ADARA, Abuja – Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022. This is according to a...
The Ajaokuta-Kaduna-Kano Natural Gas Pipeline Project (AKKP), has reached 73.3 per cent completion stage, Mr Abdulkadir Ahmad, Group Executive Director, Gas and Power, Nigeria National Petroleum Corporation, has revealed. The News Agency of Nigeria (NAN) gathered that the AKKP was approved by the Federal Government, aimed at transporting natural...