Business

The telecoms regulator, Nigerian Communications Commission (NCC) has expressed worry over the financial state of telecommunications companies in the country. According to the commission, an audit of the financial status of the telcos revealed that some of them are not in good health financially. The audit, which was propelled by …

Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made available to them at a competitive rate The Chairman, Major Oil Marketers Association of Nigeria, Mr Adetunji Oyebanji, while speaking at a virtual press briefing on Thursday, said the country …

United Nigeria Airlines will conduct its inaugural flight on Friday, February 12, 2021. The inaugural flight will take off from the domestic wing of Murtala Mohammed International Airport (MM2) in Ikeja, Lagos state and terminate at the Akanu Ibiam International Airport Enugu, the operational base of United Nigeria. The flight …

Mastercard says it will begin to accept cryptocurrencies on its network in 2021. In a blog post by Raj Dhamodharan, its executive vice president for digital assets, blockchain products and partnerships, the company said it is preparing for the future of crypto and payments. “Whatever your opinions on cryptocurrencies — …

Baring any unforeseen developments in the local and international economy, the 200,000 barrels per day BUA Petroleum Refinery will commence full commercial operation in 2024, after a groundbreaking ceremony billed for May this year. Giving graphic details on the economics of Nigeria’s second largest petroleum refining complex in Lagos at …

The Special Adviser to the Lagos State Governor on Central Business Districts, Mr. Olugbenga Oyerinde, has reaffirmed the State Government’s commitment to providing an enabling environment for businesses to thrive in the State. Oyerinde, responding to questions on a live programme on Lagos Television “Talk Time” today, added that stakeholders …

Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in Apapa as well as Ibadan, Ejigbo and Mosimi depots belonging to the Nigerian National Petroleum Corporation. Our correspondent learnt that the marketers picketed the facilities to protest their inability to …

The International Monetary Fund, IMF, the global financial watchdog, is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and start production by 2022. In its latest report on Nigeria’s economy, the Fund raised the hope that the start of production from …

The Nigerian government and the International Monetary Fund (IMF) disagreed on the need to devalue the Nigerian currency even as the nation grapples with the ripple effects of recession amid increasing need to ensure macroeconomic stability. The IMF said in its Article IV report on Monday that the government disagreed …

Governor Aminu Waziri Tambuwal has alleged that female dairy hawkers, known to sell yoghurt made from cow milk and millet, have been supplying drugs to bandits. He made the allegation while receiving Sheikh Ahmad Gummi-led Bandits Repentance Initiative (S-GULBAR Initiative) in Sokoto on Saturday. To buttress his point, the governor …