Lagos to inaugurate Imota rice mill in 10 weeks
The Lagos State Government has assured that the 32-metric tons per hour Rice Mill in Imota, Ikorodu division, will be ready for inauguration in 10 weeks. Ms Abisola Olusanya, the…
Marketers clash over price as cooking gas demand falls by 38%
National cooking gas demand has dropped by 38 per cent, according to the Nigerian Association of Liquefied Petroleum Gas Marketers. The revelation came on the heels of clamours by a…
Lagos runway repairs delayed, flights diverted to Ghana, others
There was pandemonium at the Murtala Muhammed Airport, Lagos on Saturday night as a seven-hour closure of the international runway for repairs later turned to a total closure of the…
Experts warn Nigeria as World Bank predicts global recession
Economic and financial experts have warned that Nigeria could face serious economic consequences if the global economy contracts into a recession, as predicted by the World Bank. The President of…
CBN loans to farmers hit N1tn amid high default rate
The total amount disbursed under the Anchor Borrowers Programme of the CBN rose to N1.01tn as of the end of April. Figures obtained from the CBN’s reports from members of…
Elon Musk’s Starlink to operate in Nigeria
Elon Musk, the billionaire tech entrepreneur, has announced that his satellite Internet service, Starlink, has been granted approval to begin operations in Nigeria. Musk made this known via his Twitter…
How to identify quacks in real estate – Expert
In this interview, the Chief Executive Officer, ElanOrris, Ayobami Alo, speaks on how to identify quacks in the real estate industry and the government's role in advancing the sector The…
Petroleum fund shortlists 8,800 for overseas scholarships
The Petroleum Technology Development Fund has shortlisted 8,800 applicants from 26,000 who applied for its overseas scholarship programme. This was disclosed on Monday by the Manager, Overseas Scholarship, PTDF, Bello…
Twitter shareholders sue Elon Musk for ‘unlawful conduct’
Shareholders of social media giant, Twitter, have filed a lawsuit against Elon Musk on grounds of “unlawful conduct” aimed at sowing doubt about his intention to finalise the acquisition deal…
Grounded multimillion-dollar plane sold as scrap, towed to Oyo
An Airbus A320 jet belonging to First Nation has been sold as scrap to a yet-to-be-identified buyer, findings have shown. The development came about four years after the carrier grounded…
Insecurity, naira devaluation drive wheat imports to N1.3tn
Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics…
Food prices surge by 42% in 12 months –NBS
Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics have shown. A new report titled “Selected Food Price Watch…