NIMC’ll save annual loss of N610bn by agencies’ from biometric duplication
Indication has emerged showing that all things being equal, by the time the National Identity Management Commission (NIMC) completes the harmonization of biometric data of Nigerians from other federal agencies, the country will seize to lose about $2bn (N610bn at…
Lagos leads internet usage with 12.82% as Yobe, Ebonyi remain below 1%—NBS
Additional revelations from the recent data released by the National Bureau of Statistics (NBS) have shown that whereas Lagos state remains the highest in terms of internet usage, three states including Yobe, Ebonyi and Bayelsa had remained below one per…
Experts give reasons why CBN interventions are not saving naira
After several months of routine injection of forex by the Central Bank of Nigeria (CBN) with negligible results in salvaging naira, financial experts have opened up, saying the reasons behind the steady depreciation of the nation’s currency are beyond the…
Portfolio pushed investment inflow by 95% to hit $1.7bn in Q2– NBS
More figures from the National Bureau of Statistics (NBS) have revealed that the economy witnessed high inflow of capital importation within the second quarter on 2017. The latest report showed that investment inflows rose by 95.02 per cent from $884.1…
Nigerian rice farmers closing in on Bill Gates $30bn agriculture grant
Nigerian investors in rice farming under the aegis of the Rice Farmers Association of Nigeria (RiFAN), have stepped up machinery to meet the terms and condition to access the $30 billion agricultural grant raised by Bill and Melinda Gates Foundation…
Sales from Nigeria pushed Shoprite group turnover to N3.86 trillion
week, which revealed that e-commerce, shopping malls business is dominated by foreigners and that Nigerians are yet to understand how rich the sub sector is as foreign investors maintain grip of the segment. This is coming against the background of…
Shell kick starts Gbaran-Ubie gas production scheme in Niger Delta
Leading International Oil Company (IOC), Anglo-Dutch oil major Royal Dutch Shell on Wednesday, said it has resumed gas production from the second phase of the Gbaran-Ubie project in Niger Delta, not minding the unresolved occupation of its Kula/Belema facility in…
Crude oil scam mails: NNPC releases direct contacts of top officials
Disturbed by the rate of victims and the rising confusion trailing the sudden rise in the activities of cyber criminals who send fake letters of crude oil allocations purported to have emanated from the Nigerian National Petroleum Corporation (NNPC) to…
Finally, Nigeria, China begin move to rollback prevalence of fake products import
A new front capable of changing the not too favourable narratives used to describe goods from China to Nigeria is emerging. This is courtesy of the China and Nigeria Chamber of Commerce (CCCN) which have agreed to put in place…
Ongoing reforms at NPA designed to drive ease of doing business at ports—Usman
The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has once more explained that ongoing strategic reforms at the ports operations are designed to deepen ease of doing business and drive efficiency in revenue generation. Speaking at the…
