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Investment

Nigeria, Czech Republic fund tech research with N9bn

The Governments of Nigeria and Czech Republic have committed N9billion naira direct intervention fund to boost tech research and development.   The Chairman Presidential Implementation Committee on Technology Transfer Between Nigeria & Czech Republic, Dr. Mohammed Dahiru, on Wednesday, disclosed that 25 companies who scaled evaluation process of the assessment committee criteria will receive funding […]

Economy

Nigeria’s free trade zones attract $46.4bn investment

  Nigeria’s free trade zones have attracted more than $46.6 billion in investment into the country’s economy. According to the News Agency of Nigeria, this was disclosed by the Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, and his counterpart from the Oil and Gas Free Zones Authority, Tijjani Kaura, in Abuja […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
News

Scarcity: Two billion litres of petrol available – NNPC

The Nigerian National Petroleum Company Limited has disclosed that it has two billion litres of Premium Motor Spirit popularly known as petrol in stock. According to The News Agency of Nigeria, this is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. According to Adetunji, the inventory of more […]

Energy featured

Reps probe AGIP Oil over tax evasion

The House of Representatives ad hoc committee on Joint Venture on Wednesday quizzed the Nigerian Agip Oil Company Ltd over alleged tax evasion. The Chairman ad hoc Committee investigating the Structure and Accountability of JV Business and Production Sharing Contracts of the NNPC, Rep. Abubakar Fulata, said it was not out to witch-hunt anybody. He […]

Technology

Honda to launch fuel cell vehicles in 2024

Globally renowned automobile company, Honda, is set to launch a fuel cell electric vehicle in 2024 based on its bestselling CR-V crossover.   The automaker said it will produce the CR-V variant at its Performance Manufacturing Center in Marysville, Ohio, as part of its strategy to go fully electric by 2040 and carbon neutral by […]

News

Kerosene hit over N1000/litre – Report

  The National Bureau of Statistics has revealed that the average retail price of household Kerosene paid by consumers in October was N1, 041.05 per litre. According to The News Agency of Nigeria, NBS stated, “National Household Kerosene Price Watch” for October 2022 that the average price was a 9.90 per cent increase over the […]

featured News

Disney buys streaming firm BAMTech

Disney is now officially a 100% stakeholder of BAMTech, the streaming technology services group that powers Disney+ and the company’s other direct-to-consumer services.   Recall that, earlier in November, Disney paid $900 million to Major League Baseball to buy out the league’s remaining 15% stake in BAMTech, the media conglomerate disclosed in an SEC filing […]

WhatsApp launches screen share
Scams

487 million WhatsApp users’ data hacked – Report

No fewer than 487 million instant messaging app, WhatsApp, users’ data have been hacked, a report by Bleeping Computer said.     The report claimed that hacker posted an ad on a well-known dark web, where the latest database of 487 million WhatsApp user mobile numbers were been sold.   ​​According to the report, the […]

News

Kogi, China partner to tackle insecurity

The Governor of Kogi State, Yaya Bello, has signed a Memorandum of Understanding with Chinese investors for the provision of a first-of-its-kind high technology security architecture that will capture movements in and out of Kogi State from a control centre.   According to The Eagle, the security architecture will be designed to decimate terrorists, bandits […]

EKEDC
Business

Cable theft: EKEDC records over N1.2bn loss

The Eko Electricity Distribution Company says it has lost over N1.2 billion of its assets and electrical installations to vandalism alone in 2022. The EKEDC General Manager, Corporate Communications, Godwin Idemudia, t said this in an interview with the News Agency of Nigeria on Tuesday in Lagos. Idemudia said this against the backdrop of frequent […]

Agribusiness

Ekiti records $350m agric investments in two years

The Ekiti State former Commissioner for Agriculture and Food Security, Dr. Olabode Adetoyi, has disclosed that the state attracted $350 million agricultural investments in the last two years.   He said several millions have been invested the sector covering food processing, manufacturing and fisheries.   Adetoyi disclosed this in a virtual forum on investments opportunities […]

Business featured

FG mandates NIN for business registration

The federal government has announced that Nigerians wouldn’t be able to start businesses without the National Identification Number. Alhaji Garba Abubakar, the registrar of the Corporate Affairs Commission, made this announcement on Monday in Abuja at the monthly reform seminar hosted by the Bureau of Public Service Reform. He stated that it is crucial to […]