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Tinubu blames privatization for current power sector crisis

Electricity featured

Nigeria isn’t poor, huge money moves below radar –

Finance

Access Holdings disowns unauthorised 2025 financial highlight release

Banking

South Africa’s inflation rises to 3.1% as cost pressures

Economy

Blog

A picture of the Energy Minister, Saudi Arabia Prince Abdulaziz bin Salman
Business

EU sanction may affect energy supply, Saudi minister warns

Saudi Energy Minister, Prince Abdulaziz bin Salman warned on Saturday that the sanctions being imposed by the European Union will have adverse effect on the energy sector resulting in the shortage of supplies. According to Reuters, the minister said this at an industry conference in Riyadh, the state capital of Saudi Arabia in response to […]

Foxconn
Business

Foxconn sales peak after COVID-19 disruption

The world’s largest electronics maker and the biggest Apple’s iPhone assembler, Foxconn has recorded a 48.2% revenue increase in January, after COVID-19 disruption. It was stated by the company on Sunday that it recorded a revenue of T$660.4 billion ($22 billion). The company also established that operations are returning to normal. There is now an […]

Buhari
Business

Naira crisis: Seven days too long, senator tells Buhari

The representative of Kogi West Senatorial District in National Assembly, Senator Smart Adeyemi, has pleaded with the President, Major General Muhammadu Buhari (retd.) to review his decision to address the new note scarcity in seven days time. The senator who is also the Chairman, Senate Committee on the Federal Capital Territory, mentioned this to journalists […]

Maritime

NIMASA’s deep blue project to remove Nigeria from high rate attack nations

The Director General of Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh, has said that the reassurances that the deep blue project for which the federal government procured air, land and water assets for maritime security has made the industry safer and removed Nigeria from the list of countries with high incidence of attacks. […]

Microsoft proposes relocation of Chinese staff over US-China tensions
Business

AI gets attention of top tech execs – Report

The chief executives of tech giants, Google and Microsoft have since Monday continually mentioned the trending  hyped technology, AI, which has just recently gained more attention than before. According to the transcript from the conference reviewed by Reuters, the tech executives repeated phrases like “AI,” “generative AI,” or “machine learning” for about two to six […]

Zulum
Banking

Naira scarcity: Zulum inspects Maiduguri banks [Video]

The Executive Governor of Borno State, Prof. Babagana Umara Zulum, on Friday, visited various commercial banks across the state to conduct inspection.   Zulum, in an online video was seen physically inspecting banks in Maiduguri, the state capital.   Some of the banks visited were the branch of the Central Bank of Nigeria in the […]

Nigeria signs MoU with Egypt to promote trade
Business

Nigeria signs MoU with Egypt to promote trade

A Memorandum of Understanding has been signed by the Egyptian Competition Authority and the Federal Competition and Consumer Protection Commission to further commercial fairness between the two nations. The FCCPC and the ECA started talking about improving competition law and policy between their two organizations in 2019, however, the process got under way. According to […]

US adds over 500,000 jobs despite global workforce reduction
News

US adds over 500,000 jobs despite global workforce reduction

  By Christian George Despite the increasing slashing of workforce globally, US employers added 517,000 in January. A report on Friday has it that unemployment and redundancy has reduced while employment peaked despite economists forecast of recession around the corner. The surge in demand for workers has helped in increasing wages and contributed to inflation. […]

Naira scarcity: Nasir El-rufai
News

Naira scarcity: Gov took N500m from single bank, claims El-Rufai

The Kaduna State Governor, Nasir El-Rufai, has said an unnamed governor received N500 million new notes. According to Daily Trust, El-Rufai, in an interview with BBC Hausa, claimed that politicians who are the targets of the naira redesign scheme already have their way. “There is nothing wrong with changing currencies; every country does it. However, […]

Agribusiness featured

FG partners World bank on six-year livestock project

The Federal Government in collaboration with the World Bank have unveiled a six-year livestock development initiative.   The initiative, which is tagged: ‘Livestock Productivity and Resilience (L-PRES)’, is with the aim of upscaling production and curbing farmers/ herders’ crises.   The Nation reported that the Chief of Staff to the president, Professor Ibrahim Gambari, during […]

NNPCL, Daewoo sign $740.6m deal for KRPC rehabilitation
Oil and Gas

NNPCL, Daewoo sign $740.6m deal for KRPC rehabilitation

The Nigerian National Petroleum Company Limited yesterday, signed with Daewoo Engineering & Construction Nigeria Limited a $740.6m deal for Kaduna Refinery & Petrochemical Company Limited to be rehabilitated. LEADERSHIP News reported that the contract is a follow up to the memorandum of understanding for the rehabilitation of the refinery that NNPC and Daewoo Group of South Korea […]

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