CBN’s bank recapitalization may not boost GDP — Analysts
The Central Bank of Nigeria’s continuous process of increasing the capital base of Deposit Money Banks may not result in a higher…
News
NCDMB won’t approve oil service providers without capacity – Secretary
The Nigerian Content Development and Monitoring Board has stated that it will not license oil service businesses that have not demonstrated the…
NPA can repay $700m port rehabilitation loan – MD
The Nigerian Ports Authority has stated that it can readily repay the $700 million loan facility negotiated for the refurbishment of Lagos’…
74 contractors bid for Abuja street light maintenance contract
A total of 74 contractors have submitted bids to maintain and install street lights in the AMAC area of the Federal Capital…
Meta’s Threads hits 175m monthly users amid challenges
CEO of Meta Platforms, Mark Zuckerberg, announced on Wednesday that Threads, the company’s social media offering, has surpassed 175 million monthly active…
Astro: Amazon halts $2,349 security robot for business, targets households
Amazon has announced that it will discontinue its Astro for Business security robot aimed at small- and medium-sized businesses, as the company…
Jeff Bezos plans $5bn Amazon share sale
Jeff Bezos, founder and executive chair of Amazon, intends to sell nearly $5 billion worth of shares in the e-commerce giant, according…
Oando seals assets acquisition deal with Agip
The Federal Government announced the completion of oil asset transactions including the Nigerian Agip Oil Company, NAOC, and Oando, as well as…
Industrial Medical Gases Nigeria Plc announce Aminu Ado as chairman
The Board of Directors of Industrial & Medical Gases Nigeria Plc has announced Mr. Aminu Ado’s appointment as substantive Chairman of the…
Nigerians spent ₦16tn on generators, fuel in 2023 – Power minister
The Federal Government has said Nigerians spent N16.5 trillion in 2023 on fuel, petrol, and generators for self-generation of power. This dwarfs…
Lagos, Ogun, Kano top Nigeria’s mobile subscriptions in Q1 2024 – NBS
The latest telecommunications data issued by the National Bureau of Statistics shows that three states, Lagos, Ogun, and Kano, accounted for 23%…
NECA supports FG’s zero tariff for pharmaceutical sector
The Nigeria Employers’ Consultative Association has praised the Federal Government for issuing a new Executive Order establishing zero tariffs, duties, and value-added…