The Debt Management Office (DMO) has offered three new Federal Government of Nigeria (FGN) bonds valued at N225 billion for subscription through auction in April. They are a N75 billion FGN bond at 13.5 per cent interest rate, due in March 2025 (10 year re-opening) and a N75 billion...
BUSINESS
By MBAFAN ADE, Abuja – The Management of the Nigerian Communications Commission (NCC), has been commended for its superlative regulatory activities, The commendation came from key members of the top echelon of the Management of ipNX, a licensee, who were at the Commission on Friday for a courtesy visit....
The National Bureau of Statistics (NBS) on Friday disclosed in its report that the average retail price of cooking gas increased by 83.62 per cent from N2057.71 in March 2021. The March 2022 report also revealed the average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking...
The Organisation of the Petroleum Exporting Countries (OPEC) price for basket of 13 crude oil samples stood at $108.81 per barrel as at Thursday, April 21. This is compared with $107.97 per barrel of the previous Wednesday, according to OPEC Secretariat calculations obtained by the News Agency of Nigeria...
Residents of a community in Ondo state were intrigued to see a weird looking car in their area and gathered around it to watch with keen interest. The weird whip called an aeroplane car was built by a Nigerian man and was being driven to Akure from Abuja when...
By JOY ADARA, Abuja – For Nigeria to continue to be relevant as a major player in the global oil and gas industry, it must come up with innovative ways of exploiting and exploring its abundant oil and gas. The minister of Petroleum Resources, Timipre Sylva stated this on...
The African Development Bank (AfDB) says the bank will help African countries reduce the sharp increase in fertiliser prices by providing support to the government and farmers. Dr Martin Fregene, the Director, Agriculture and Agro-Industry of the bank, said this at a virtual news conference on Wednesday in preparation...
Google on Tuesday announced its first Product Development Centre in Africa to help create transformative products and services for people in Africa and around the world. The Vice President of the product at Google, Ms Susan Frey, said at a Virtual Media Round Table that Google would also be...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a tour of the Port Harcourt Refinery, to ascertain the level of ongoing rehabilitation of the plant. The Minister of State for Petroleum Resources, Chief Timipre Sylva, and members of Board of Directors, NNPC...
Some consumers have expressed concern over the continuous hike in prices of foodstuffs and other items in the country. The citizens who spoke in a survey conducted by the News Agency of Nigeria (NAN) in Kpirikpiri and Margaret Umahi International Markets, revealed that prices of food items are skyrocketing,...
The National Bureau of Statistics (NBS) said on Saturday that the nation’s inflation rate increased to 15. 92 per cent in March 2022. According to a report released by NBS in March 2022 the Consumer Price Index (CPI) which measures inflation increased to 15.92 percent on year-on-year. “This is...
The Nigerian Communications Commission (NCC) has emphasised that telecommunications consumers in Nigeria have a major role to play in complementing efforts being put in place to ensure effective protection of telecommunications infrastructure. This is important to sustain and improve on the quality of service delivery by the service providers....
The four oil marketers/importers initially fingered by the Nigerian National Petroleum Corporation (NNPC) as being responsible for the importation of the Off-Spec fuel have been exonerated by the House Committee on Petroleum Downstream. The exonerated companies include Duke Oil, MRS Oil and Gas, Oando Oil and Emadeb consortium (Hyde,...
Twitter on Thursday confirmed that the world’s richest man, Elon Musk is offering to buy it’s company for a staggering $43.4 billion. Twitter gave the confirmation in a statement were it pledged that its management will carefully review the proposal. “The Twitter Board of Directors will carefully review the...
The Oilserve Ltd., contractor handling the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project says once completed, it will spur midstream and upstream activities in Nigeria. The project which spans a length of 614 kilometres is being developed by the Nigerian National Petroleum Company Ltd. (NNPC) to transport natural gas from...
By OLA MODUPE, Lagos – Air Peace has relaunched direct flights from Lagos and Abuja to Dubai at a promo fare of N325,000 for a return economy flight. The airline’s spokesperson, Stanley Olisa announced this in a statement issued on Thursday in Lagos. He said the airline had introduced...
By OLA MODUPE, Lagos – Popular music star, Oluwatosin Ajibada, AKA Mr Eazi, has revealed why he chose Rwanda as his next investment destination for his businesses. According to Mr. Eazi, Rwanda is fast turning into a preferred location for technology and innovation through a combination of visionary leadership...
The Nigerian Communications Commission (NCC) and Google Global Services Nigeria have expressed determination to work together toward advancing the actualisation of auspicious national targets for ubiquitous broadband access in furtherance of Nigeria’s digital transformation policy. Receiving the Google delegation, the Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of...
By BENJAMIN ORISEMEKE, Abuja – Access Bank Plc led other nine banks in the country in the amount realized from commissions and fees in 2021, netting a whopping N118.56bn as against N93.57bn generated during the same period in 2020. Net fee and commission income is the actual revenue generated...
The African Export-Import Bank (Afreximbank) says discussions were ongoing to assist the country from the $4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA) launched last month. According to it, the move would help mitigate the impact of the food and fuel crises in Nigeria. Prof. Benedict...