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Umahi orders arrest of Hartland MD over uncompleted ₦14bn

Policy and Regulations

Police shut Rivers hotel over man’s suspicious death

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FG inaugurates committee to boost Nigeria’s fish production

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Food security: AfDB, Cameroon govt set up €115.05m fund
Foods

Food security: AfDB, Cameroon govt set up €115.05m fund

Adeleke Alade The African Development Bank and the Cameroonian government are in collaboration to set up a €115.05 million fund for the development of Agricultural Value Chains. With financing of €115.05 million, the Agricultural Value Chain Development Project is 77.6% financed by the AfDB Group, 21.5% by the State of Cameroon and 0.9% by beneficiaries. […]

Choiseul holds first business forum in Africa
News

Choiseul holds first business forum in Africa

The African business community will head to Casablanca, Morocco, for the launch of the third edition of the Choiseul Africa Business Forum on October 19 and 20, 2022. After two consecutive editions held in Nice, France, the forum will take place for the first time on the African continent for the first time, with the […]

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  • 21st September 2022
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Climate crisis: African firms back green energy investment
News

Climate crisis: African firms back green energy investment

  Ahead of the Climate Change Conference 2022, a new campaign has been initiated to intensify African efforts to obtain global funding for accessible green energy, necessary for climate catastrophe adaptation. Several African firms backing the Power Up Campaign include Zonke Energy, Kakuma Ventures, Ignite Power and Smiling Through Light. The campaign demands that wealthier […]

Airport security makes five arrests daily - FAAN
Aviation

Airport security makes five arrests daily – FAAN

Managing Director of the Federal Airports Authority of Nigeria, Captain Rabiu Yadudu, said five persons are arrested daily at the Murtala Muhammed Airport, Lagos for infiltrating security. According to Vanguard, Yadudu made the assertion when he spoke during the ongoing works at Runway 18L, reacting to questions bordering on the recent stowaway and other security […]

Anger as customs sell seized vehicles as scrap
News

Anger as customs sell seized vehicles as scrap

Auctioneers have expressed their displeasure over the manner in which the Nigeria Custom Service has allegedly sold about 6,000 impounded vehicles and other items to selected firms and individuals. According to The PUNCH, the auction of the vehicles was marred with various irregularities as it was carried out without open competitive bidding, contrary to the […]

Protests as Lebanon's currency hits new low
Economy

Protests as Lebanon’s currency hits new low

The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests. Recent weeks have seen a spate of incidents in which people armed with real or toy guns held up banks to demand access […]

MTN launches 5G network
Telecommunications

MTN launches 5G network

Telecommunications giant, MTN, launched commercially launched the fifth-generation technology, in Nigeria on Sunday. The launch took place during an event that enabled guests to test the use of the technology. Nigeria becomes the third African country to have launched the 5G network, after Kenya and South Africa, following MTN’s establishment of the technology in Lagos. […]

Buhari unveils SDG financing framework
Economy

Buhari, Bill Gates, others to speak at global investment forum

The President, Major General Muhammadu Buhari (retd.) will be delivering a keynote address at the second edition of the Nigeria International Economic Partnership Forum. NIEPF, a global economic investment platform organised by the Federal Government in partnership with the Africa Business Roundtable will hold 22 September, 2022. Disclosed in a statement by the Senior Special […]

FG loses N16tn to tax waivers - Report
News

FG loses N16tn to tax waivers – Report

The Federal Government has lost N16.76tn in revenue between 2019 and 2021 as a result of tax breaks and concessions offered to large businesses. According to The PUNCH, by the end of 2021, 46 businesses had benefited from various tax advantages and duty waiver programs, while 186 businesses’ requests were still being processed. These were […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

FG loses N32bn to oil terminals shutdown daily

A recent report has revealed that Nigeria loses as much as N32 billion daily as a result of the shutdown of three crude oil export terminals. The PUNCH reported that the government closed a combined capacity of 580, 000 barrels per day from the three terminals. A breakdown of the losses revealed that a total […]

Lebanese rob five banks one day over frozen savings
News

Lebanese rob five banks one day over frozen savings

Five Lebanese banks were stormed Friday by depositors seeking to unlock frozen savings, the latest in a string of such “heists” that have garnered wide public support in the crisis-hit country. Lebanon has been mired in an economic crisis for more than two years since the value of its currency began plummeting and banks started imposing […]

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