BUSINESS
Oando, Ecobank Record Price Fall As Nigerian Stock Market Loses N54bn
The Nigerian equities market began trading for the week on Monday still in a negative mood with 0.27 percent loss due to renewed profit-taking. Specifically, the All-Share Index which opened for the week at 38,648.91 shed 103.61 points or 0.27 percent to close at 38,545.30. Accordingly, month-to-date gain moderated to 0.3 percent, while year-to-date loss increased to 4.3 percent. In the...
Rising Cost Of Food Items Pushes 7 Million Persons Into Poverty In Nigeria — World Bank
High inflation driven by soaring food prices has pushed seven million Nigerians into poverty, the World Bank said. In a new report, it commended Nigeria for buttressing its economy from fallout from the coronavirus pandemic but called for urgent measures to brake inflation and protect livelihoods. A major crude exporter, Africa’s largest and most populous economy again slipped into a recession...
We’ve Lot Of Capacity In Currency Printing, Says Emefiele As CBN Agrees To Mint For Gambia
The CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal from the Governor of the Central Bank of the Gambia, Mr. Buah Saidy, who led a delegation to visit him on Tuesday. Mr. Emefiele said Nigeria has a lot of capacity in currency printing as she has been minting since the 1960s and “we are willing to assist...
Curfew: “Save Our Livelihood, Means Of Survival In Abia” – De Latinos CEO Urges Govt
An entrepreneur and the CEO De Latinos, a leading hospitality organisation in Abia, Emmanuel Okenini aka Bello has decried the prolonged curfew imposed in various cities of Abia including Aba and Umuahia, saying it is putting their business under existential threat., ABN TV reports. Okeini said at a time when the industry was gradually getting its foot back on the...
Twitter Ban: Facebook, Instagram Must Register As Businesses In Nigeria – FG
The Nigerian government has said Twitter, Facebook, Instagram, and other social media giants must register in the country. This was revealed by the Minister of Information, Lai Mohammed while speaking to State House Correspondents on Wednesday. Mohammed claimed that Twitter, which was recently suspended by the federal government, has reached out to him for a “high-level” discussion. The Minister insisted that Twitter...
Let’s Break Misconception, Ignorance And Legalise Cannabis Now — Ondo Governor
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has said controlled cultivation of the cannabis plant for medical usage and exportation will generate several billions of dollars and provide thousands of jobs for the teeming youths. Governor Akeredolu said the global market of Medicinal cannabis in 2019 was put at 52.8 billion Dollars, adding that the market forecast is an average...
No Condition Regarding Lifting Of Twitter Ban Was Given – FG Makes U-Turn
The Federal Government has stated that no condition was given for the lifting of suspension placed on Twitter’s operations in Nigeria, ABN TV reports. On Monday, Minister of Foreign affairs, Geoffrey Onyeama met with envoys from the UK, US, Ireland, Canada and the European Union to explain the government’s decision on Twitter. It was widely reported that the minister stated...
FG Gives Condition To Lift Twitter Ban
The Nigerian Government has stated that it will only lift the ban on Twitter if the social media platform is used ‘responsibly’. Nigeria’s minister of foreign affairs, Geoffrey Onyeama disclosed that Twitter’s operations in Nigeria will be restored only if the platform can be used ‘responsibly.’ He said this at a meeting with some envoys from UK, US and other...
FG To Meet Foreign Diplomats Over Twitter Ban
Following reactions to the Federal Government’s suspension of twitter operations, the Minister of Foreign Affairs Geoffrey Onyeama will meet with foreign diplomats by noon today. US, UK, EU, Sweden have all reacted against the ban, which they condemned as an infringement on rights of the people. The meeting, it was gathered, is meant to explain government’s stance on the issue. Snippet about...
Pat Utomi Inspects Enyimba Automated Shoe Factory Aba [PHOTOS]
Prof. Patrick Okedinachi Utomi, Patito's Gang Television Anchor, has called on the Military, Paramilitary, and other Security Agencies in the country to patronise the Enyimba Automated Shoe Company. Prof. Patrick who stated this during his inspection visit at the Enyimba Automated Shoe Factory, Aba in Abia State expressed satisfaction with the level of ongoing work at the factory. The Professor...
