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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

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100% cashless economy possible in Nigeria - Emefiele
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Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. According to CBN’s Balance of Payments, Nigerian parents and guardians paid about $28.65bn for their wards to study abroad during the period under review. The BoP report also revealed that Nigerians […]

Economy

Bread prices may go up, bakers blame forex, energy crises

Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of its members across the country to shut down their business operations. Speaking in an exclusive interview with The PUNCH, PBAN President, Emmanuel Onuorah, described the […]

Trapped funds: CBN to give foreign airlines $150m
Economy

Capital importation suffers 30% decline, records $6.7bn

The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report for the four quarters of 2020 and 2021, the NBS disclosed that total capital importation into the nation was $9.68bn […]

News

Cross River decries N34m federal allocation for March

The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in March. Figures released show that out of the state’s gross allocation of N2.22bn, only N34.9m was received by the state as N2.18bn was deducted to service debts incurred by the previous administration. A statement titled, […]

News

SEC workers protest unpaid allowances, others

Aggrieved staff members of the Securities and Exchange Commission on Thursday held hours-long protest at the headquarters of the commission to communicate their demands which they said the management of the agency has refused to address over time. During the protest, the staff of the commission expressed dismay over issues such as unpaid allowances, delay […]

Ports and Airports

Talks ongoing on funding national shipping carrier, says CLG

THE Chief Executive Officer of CLG Securities, Adeniran Aderogba, says discussions are ongoing on securing funding for a national shipping carrier for Nigeria. Aderogba also said the activities of CLG Securities had made the Presidency and the Ministry of Transportation show renewed commitment towards reviving the plan to create Regional Maritime Development Bank. According to […]

FG owes road contractors over N11tn – Fashola
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Fashola restates 2nd Niger Bridge 2022 completion date, blames IPOB

The Federal Government, on Thursday, said the Second Niger Bridge (now named Muhammadu Buhari Bridge) and the Lagos-Ibadan Expressway would be completed before the end of 2022. This came as the government said there were no existing contracts to impose tolls on federal roads constructed under the Sukuk fund. The Minister of Works and Housing, […]

Dating Tips

The Ultimate Guide To Online Dating

The app Hornet, which caters to the gay male community, has seen a 30-percent increase in social feed engagement since social distancing measures began in mid-March, according to CEO Christof Wittig. And the dating app Tinder reported that it saw more engagement on March 29 than on any other day in its history, with more […]

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Reps pass tax crimes commission bill for second reading
Energy

Reps reject dirty fuel probe report, panel exonerates NNPC

The House of Representatives, on Wednesday, dismissed the report of its Committee on Petroleum Resources (Downstream) which investigated the importation of adulterated Premium Motor Spirit (petrol) into Nigeria, leading to disruption of the supply chain in the country. In the report, the committee failed to hold anybody responsible for the development or recommend sanctions. The […]

News

Capital importation rises by 26%, hits $2.19bn in Q4

The value of capital importation into Nigeria increased by 26.35 per cent to hit $2.19 billion in the fourth quarter of 2021 according to new data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report, the NBS disclosed that capital importation increased from $1.73 billion in the third quarter of 2021 to […]

Economy

Govt borrowings not necessarily bad -DMO

The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is not necessarily a bad idea. The DG disclosed this in an interview with the News Agency of Nigeria on Thursday in Lagos, while speaking during an awareness programme on security issuance organised by […]

News

Senate confirms seven MPC members’ appointments

The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria. The confirmation of the nominees followed the consideration and adoption of the report by the Senate Committee on Banking, Insurance, and Other Financial Institutions on the nominees. The Chairman of the committee, Senator Uba […]

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