The Minister of Information and Culture, Alhaji Lai Mohammed, yesterday blamed Nigerians for the decision of Twitter’s to locate its new African headquarters in Ghana over Nigeria. He also noted that the decision was not based on commercial considerations, in view of the large market available in Nigeria. This is even as ruling All Progressives...
Category: Business
Experts blame insecurity, low production, forex as inflation hits 18.17%
Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting a high of 18.17 per cent, according to data released on Thursday by the National Bureau of Statistics. A number of experts interviewed by our correspondents said the development was troubling and blamed insecurity, low...
EFCC releases Okorocha after two-day detention, grilling
A former governor of Imo State, Rochas Okorocha, on Thursday said he had left the facility of the Economic and Financial Crimes Commission. Okorocha’s Spokesperson, Sam Onwuemeodo, in a statement on Thursday evening disclosed that Okorocha, who now represents Imo West at the Senate, “is in his house now.” The statement said that Okorocha’s two...
Printed N60bn: CBN faults Obaseki, governor maintains stand
The Edo State Governor, Mr Godwin Obaseki, has urged the Federal Government to take urgent steps to end the current monetary rascality, so as to prevent the prevailing economic challenge from degenerating further. Obaseki, who has come under fire for saying that the Federal Government printed N60bn to share as part of federal allocation in...
Nigeria’s exact crude oil production volume unknown – NEITI
The exact volume of crude oil produced in Nigeria, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative said on Thursday. Executive Secretary, NEITI, Orji Ogbonnaya-Orji, disclosed this in Abuja during a courtesy call on the Director-General of the Federal Radio Corporation of Nigeria, Mansur Liman. He...
Coinbase makes debut on nasdaq
Crypto exchange giant Coinbase debut on the Nasdaq – a stock market index – on Wednesday, making it the first major crypto business to go public in the U.S. Coinbase is an app that lets you buy and sell all sorts of cryptocurrencies, like Bitcoin, Ethereum, Litecoin and about 50 others. You can also use...
ENUGU WATER CORPORATION : We’re recruiting 104 new hands to align with modern changes in our service delivery
The Enugu State Water Corporation said that it commenced recruitment of 104 staff of the Corporation, in furtherance of the sheer determination of the administration of Governor Ifeanyi Ugwuanyi to reposition the agency and drastically tackle the inherent challenges in the water sector. The State Water Corporation, on April 8, 2021, through an internal and...
FG approves N14.55bn operational vehicles, boats for Customs
The Federal Government on Wednesday approved the purchase of 427 operational vehicles worth N14.55bn for the Nigerian Customs Service. This was one of the decisions reached at the weekly meeting of the Federal Executive Council presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja. The Minister of Finance, Budget and National Planning, Zainab...
FG fortifies security at Abuja, Lagos, other airports
The Federal Government has reinforced the level of security at the Abuja, Lagos, Kano and other selected airports across the country. Officials of the Federal Airports Authority of Nigeria confirmed on Wednesday that the reinforcement was part of measures deployed to tackle any form of attack by criminals. On Monday the Federal Ministry of Aviation...
I’m hopeful Chibok schoolgirls, others will return, says ZULUM
BORNO State Governor, Prof. Babagana Zulum, has called on Nigerians to imagine what each of the last 2,549 days has being like for the parents of the abducted Chibok schoolgirls. The governor made the statement to mark the seven years or otherwise 2,549 days of Chibok schoolgirls’ abduction by Boko Haram. He said, “As a...