BUSINESS
2nd Niger Bridge: Uzodinma, Ogah, Obiozor, Others Hail Buhari
The Imo State Governor, Hope Uzodimma, some ministers from the South-East zone, including State For Mines and Steel Development, Dr Uchechukwu Ogah and the Ohanaeze Ndigbo President-General, Prof. George Obiozor, at the weekend, commended President Muhammadu Buhari for approving the release of funds for the completion of the Second Niger Bridge. They also expressed joy over other Federal Government-sponsored infrastructural...
Don’t Shut Down Cryptocurrency Business, Atiku Appeals To Buhari
Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday. In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown. “This is definitely the wrong time to introduce policies that will restrict the inflow...
Uche Ogah: FG Has Established 6 Mineral Cluster, LED Processing Projects In South East
As the government strives to diversify the nation's economy, the Minister of State for Mines and Steel Development, Dr Uchechukwu Ogah says the federal government has established six solid minerals cluster projects to boost the economy and conserve foreign exchange, ABN TV reports. Ogah who spoke during an interview session in Calabar also revealed that the government has established the...
MultiChoice Slashes Price On DStv, GOtv Decoders
MultiChoice Nigeria has announced a price slash on its DStv and GOtv decoders from Monday, February 1, 2021. The price slash will see the DStv HD decoder, dish kit with Compact package subscription drop from N18,600 to N9,900 on Confam package, while GOtv decoder, GOtennae with GOtv Jolli package subscription will go from N8,400 to N6,900. Speaking at a virtual media...
Tension As CBN Threatens To Shut Accounts Of Diaspora Remittance Violators
The Central Bank of Nigeria, CBN has vowed to withdraw the operating licences of operators who continue to violate rules regulating diaspora remittances into the country. It stated that it would not tolerate the clear contravention of its directive that all remittances be paid to beneficiaries in dollars. The CBN stated this on Friday in its circular to all authorised dealers...
We’re Soft Target For Robbery Attacks — Aba, Umuahia POS Operators Lament
Operators of Point of Sale outlets in Aba, the commercial nerve of Abia State, and its environs have decried incessant robbery attacks on their members, calling on the police and other security agencies to protect their business interest. The operators who spoke to our reporter on Friday lamented series of attacks on their business by hoodlums who have made them...
We’ll Pay 24.3 Million Poor Nigerians 5k Each For Six Months — FG
The Federal Government on Tuesday said about 24.3 million poor Nigerians would get N5,000 each for a period of six months. This translates to N729bn within the six-month period. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, disclosed this at the inauguration of the Federal Government’s emergency intervention database for the urban poor. A statement issued in Abuja...
Today Is NIN-SIM Linking Deadline; Have You Done Yours? Do This Now And Save Your Number!!
Today is the deadline for linking your sims with your NIN, If by tomorrow your sims are blocked, what will you do? How to link your SIM cards with NIN Network providers in Nigeria have unveiled various steps their subscribers can adopt to link their SIM cards with the National Identification Number (NIN). The development comes after a recent directive by the Nigeria Communications...
Shell Sells Stake In Nigerian Oil Block For $533m
The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 percent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure to TNOG Oil and Gas Limited for a consideration of $533m. The oil major said in a statement on Friday that the completion followed the receipt of...
Nigeria’s Inflation Rises To 15.75%, Highest Since 2017
The inflation rate in Nigeria jumped in December to its highest level in more than three years, data released on Friday by the National Bureau of Statistics showed. Inflation stood at 15.75 per cent in January, compared with 14.89 per cent in December, marking the 16th straight month of increases. The consumer inflation rate in December was the highest since November...
