The ongoing energy crisis in Europe caused by the Russian-Ukrainian War has increased foreign interest in Nigeria’s coal, the Minister of Mines and Steel Development, Arch. Olamilekan Adegbite has said. The minister also said that the Polish prime minister has inquired about using coal from the ...

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By Ndubuisi Francis:President Muhammadu Buhari has approved the process of restructuring the Ministry of Finance Incorporated (MOFI), the federal government’s investment vehicle, as part of overall measures to revive over N30 trillion non-performing assets and boost government revenue. Some of the ...

By Emmanuel Addeh:Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mallam Mele Kyari has said that the current petrol consumption in the country will decline when there’s no incentive for excess consumption. Kyari who spoke at the Petroleum and Natural Gas Workers ...

https://www.youtube.com/watch?v=4ben1z0rRGgPresident Muhammadu Buhari has signed the Nigeria Startup Bill into law.The Minister of Communications and Digital Economy, Isa Pantami, announced this on Wednesday after a meeting with the President at Aso Villa.He disclosed that the startup bill passed ...

By Ibrahim Shuaibu:Kano State Agro-Pastoral Development Project (KSADP) has awarded contracts in the sum of N2, 509, 343, 144.10 for the provision of capital projects at Dansoshiya Grazing Reserve in Kiru Local Government Area of the state. The infrastructure, which the government said would ...

By James Emejo:Union Bank of Nigeria Plc and telehealth services company Mobihealth International; yesterday signed a Memorandum of Understanding (MoU) to deploy “timely access to quality and affordable healthcare and healthcare providers from all over the world” to customers and Nigerians in ...

    Home  Business NewsNigeria has improved 4G coverage from 23% to 77.52% — Osinbajo by William Ukpe  October 19, 2022       The Nigerian Government under President Muhammadu Buhari’s administration has improved 4G coverage across the country from 23% to 77.52%, Vice President Yemi Osinbajo has ...

Zainab Ahmed, minister of finance, budget and national planning, says the best measures to reduce the nation’s high debt burden are collection of more taxes, and effective blocking of revenue leakages.Ahmed said this at a workshop on tax expenditure organised by the Economic Community of West ...

Governor Hope Uzodimma’s Imo Digital Economy Agenda (IDEA) 2022 – 2026 that is anchored on six strategic pillars aimed at highlighting his plan to ensure the digitalisation of the state has been unveiled. The IDEA entails having the entire communities in Imo State in the net to benefit from the ...

Leading dairy brand and flagship product of FrieslandCampina WAMCO, Peak Milkhas taken its latest campaign promoting healthy habits, quality dairy nutrition and reviving the declining breakfast culture among Nigerians, ‘Peak Breakfast Café’, to Ibadan, the Oyo State capital.The ‘Peak Breakfast ...

The construction and project managers of the Lagos Central Food Security Systems & Logistics Hub, Rhema Project BCEGI, a subsidiary company of the Origin Tech Group, has said the park will provide over thirty thousand jobs during the project lifecycle and more upon completion. The Lagos Central ...

By Emmanuel Addeh:The ministry of power has said there is no plan to sell the Transmission Company of Nigeria (TCN), urging the public to disregard any statement regarding a ‘non-existing’ plan to privatise the entity.Special Adviser to the Minister of Power, Mallam Isa Sanusi, said the rebuttal ...

The Nigeria Liquefied and Natural Gas company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said on Monday.Force majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an ...

The Justice Department has reached a $777.8 million criminal plea agreement with a French cement company that paid off the Islamic State terrorist group in order to continue operating in Syria in 2013 and 2014 — at a time when the group was abducting and murdering journalists and aid ...

BUA Group has replied Kogi State Assembly over threat to revoke 50,000 Hectares of land allocated to the company for development in 2012 over non-payment of compensation.The company has  opted to have the Certificate of Occupancy revoked by the State in view of the fact that not only did lack of ...

Kogi House of Assembly on Monday summoned cement manufacturing firm, BUA Group, over a 50,000-hectare land it acquired 10 years ago but has yet to pay for it.The lawmakers gave the summons at a public hearing of one of its ad-hoc committees held at a hotel in Lokoja since its complex was gutted by ...

https://www.youtube.com/watch?v=xOSSafi7iYQ Moody’s Investors Service (Moody’s) has placed on review for downgrading the long-term deposit ratings, as well as long-term issuer and senior unsecured debt ratings, where applicable, of nine Nigerian banks.They are: Access Bank Plc, Zenith Bank Plc, ...

The National Human Rights Commission on Sunday raised concern over the rising food prices in the country, saying it had worsened access to healthy and nutritious food, especially among Internally Displaced Persons and vulnerable groups, leading to an increase in widespread hunger and low quality of ...

The Dangote Cement Plant located in Obajana, Kogi State, has been reopened after being closed by the Kogi State Government over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company.The development followed an order by the National Security Council on ...

Central Bank of Nigeria (CBN) has begun an inclusive campaign for grassroot adoption of its digital currency, eNaira.The bank engaged some commercial drivers in the Federal Capital Territory yesterday to educate them on how to use the digital currency with a focus on making them ambassadors to ...

By Emma Okonji:Last week, MTN and Airtel stunned their subscribers with a silent upward review of the cost of their data services, a development industry stakeholders fear may not only trigger similar actions by other telecom firms, but could also compel subscribers to port to other operators with ...

A former governor of the Central Bank of Nigeria and vice chairman, Kaduna Investment Promotion Agency, Lamido Sanusi, has said the claim by the Nigerian National Petroleum Company that Nigeria consumes 66 million litres of fuel daily is simply “unbelievable.”The deposed Emir of Kano said this ...

Fuel Subsidy: NAIRAXI To Digitize Public Transport To Mitigate Adverse Effectshttps://www.youtube.com/watch?v=oPR9E1dni1sBy Godson IkpontuAhead of the removal of fuel subsidy come June 2023, the Indigenous leading Tech-powered mobility Company NAIRAXI says digitizing Nigeria public transportation ...

By Emma Amaize, Regional Editor, South-South  In the past few months, the Federal Government, which had lived in denial of the actual reason for the razor-sharp increase in oil bunkering, popularly known as kpofire, in the Niger Delta, had upped its game in the surveillance of oil pipelines with ...

Dangote and Bello reconciled and shook hands putting the entire feud to rest.Governor of Kogi State, Yahaya Bello has seemingly settled an ongoing rift with the MD of Dangote Group, Alhaji Aliko Dangote.Bello and Dangote have been at loggerheads recently after the former sealed the company’s ...

By James Sowole:Ogun State Governor, Dapo Abiodun, yesterday inaugurated the Ogun State Investment and Facilitation Agency (OGUNINVEST) disclosing that no fewer than 36 investment portfolios worth over $1billion had been attracted into the state by his administration.Abiodun equally disclosed at ...

By Justina Uzo:The Principal Executive of Flyzone Tourism, a Dubai destination management company, Mr. Awomoyi Ayodeji, has identified some of the problems travel agencies in Nigeria are having despite the huge resources that abound in the country.He said Nigeria has a lot to offer the world in ...

 The Kogi State Government has resolved on Friday to drag Dangote Cement Plc to court and reclaim what rightfully belongs to the people.Recalled that the National security council on Friday orders immediate reopening of Obajana Cement factory in Kogi State, advise that all issues in contention be ...

Although Polaris bank have since apologized and debunk the statement.Reactions trail bank’s alleged mail against prayersOne of Nigeria’s commercial banks, Polaris Bank, has come under criticism, particularly on the micro-blogging site, Twitter, after one of the bank’s senior ...

The federal government has ordered the reopening of the Obajana cement plant shut down by the Kogi State Assembly last week.The order was part of decisions arrived at, during Friday’s National Security Council meeting held in Abuja.The council also advised that all that issues in contention be ...

FLASH: Governor of Lagos State, Mr @jidesanwoolu signed a Memorandum of Understanding (MoU) with @Siemens_Energy and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to set up an Energy Training Centre at the Government Technical College, Ikorodu.The training, which will be conducted ...

https://www.youtube.com/watch?v=jQmd5lqa8qAKogi State Replies Dangote On Obajana CementSource: Arise TV

By Olawale Gabriel & Shina Abubakar THE  Nigerian National Petroleum Company Limited, NNPCL, yesterday faulted Kaduna State Governor Nasir, El-Rufai’s claim that the Federal Government has failed in the oil and gas business and should get out of the sector. It described his statement as ...

By Elizabeth AdegbesanThe Central Bank of Nigeria (CBN) has barred foreign banks operating representative offices in Nigeria from providing services designated as ‘banking businesses’ among other aspects of services. The apex bank disclosed this yesterday in its Guidelines for the regulation of ...

By Dike Onwuamaeze:Barely 24 hours after the federal government denied speculation that it was ready to privatise the Transmission Company of Nigeria (TCN), the Lagos Chamber of Commerce and Industry (LCCI) has called on the government to commence the privatisation of the transmission component of ...

Kogi vs Dangote: Bello's Assistant, Anthony Edogbo breaks bit by bit for Clarity1. In 2002/2003The Kogi State Government and Dangote Group signed an agreement. 90% share of the company was transferred to Dangote Group with 10% reserved for the state2. Dangote Group refused to give the state it's ...

. CEMENT FACTORY TO REMAIN SHUT1. The Executive Governor of Kogi State wishes to thank the people of the state for their resoluteness in the ownership impasse between the Dangote Group and the State Government.2. While the State Government recognises the right of the citizens to peaceful protest as ...

With huge optimism and a firm belief in the vast economic potential of Gombe State, Governor Muhammadu Inuwa Yahaya, has scored another first, with yesterday’s flag-off of the maiden Gombe Investment Summit tagged: “GoInvest 2022”.At the opening ceremony of the three-day summit with participants ...

By Peter Uzoho:Petroleum products marketers in Nigeria have for the umpteenth time expressed frustrations and concern over the federal government’s continuous delay in the removal of petrol subsidy and total deregulation of the downstream sector of the oil and gas industry.Some of the marketers, ...

By Obinna Chima, Eromosele Abiodun and Nume Ekeghe:The International Monetary Fund (IMF) has predicted that Nigeria’s consumer price index (CPI) which measures inflation in the country would commence deceleration before the end of the year.The Fund also advised the Central Bank of Nigeria (CBN) and ...

By Oluchi Chibuzor and Ibrahim Oyewale:Dangote Industries Limited (DIL) has insisted that its acquisition of the Obajana Cement Plc in 2002 followed due process, contrary to claims by the Kogi State government.The conglomerate asserted that Kogi State government has no equity interest in Obajana ...

The scheduled completion of the Nigerian Liquefied Natural Gas Train-7 Project may be stalled, following the lingering labour dispute between members of the National Association of Plant Operators and the management of Daewoo E &C Nigeria Limited.Daewoo, a South Korean firm, has been in an ...

The Kogi State government has initiated a probe into the fire incident which gutted the state House of Assembly yesterday.In a statement, the commissioner for Information, Kingsley Fanwo, said the state government wished to inform the people of Kogi and other Nigerians that the House of Assembly ...

By James Emejo:President Muhammadu Buhari yesterday said tackling wastage and mismanagement of public resources remained a crucial component of financial sustainability.Buhari also put the estimated cost of Nigeria’s Sustainable Development Goals (SDGs) financing requirements at about $100 ...

By Ndubuisi Francis:Determined to halt the increasing exodus of talents from the banking and finance sector of the economy, concerned industry players are devising potent measures to stem the tide through effective reward system, among others.Banks and other financial sector operators had in recent ...

By Dike Onwuamaeze:Nigeria’s economic, political and academic elites were, yesterday, challenged to rise up to the duty of elite bargain and consensus that could have growth and development as its focus in order to reverse the country’s decent to Nigerianisation of poverty for the rest of ...

Drinks.ng is proud to announce Adebowale David Ibrahim Adebayo, popularly known as Mr Macaroni as its Brand Ambassador. Mr Macaroni, who has built his career as one of Nigeria’s most famous, vibrant and dynamic voices, will collaborate with Nigeria’s biggest beverage and Ecommerce store in a one ...

By Emmanuel Addeh:The Nigerian National Petroleum Company Limited (NNPC), along with its partners could take a Final Investment Decision (FID) on the $25 billion Nigeria-Morocco gas pipeline in 2023, the national oil company has said.The 5,600-kilometer (3,840-mile) pipeline is meant to supply the ...

The Nigerian Civil Aviation Authority (NCAA) says it will offer professional guidance on the proposed Lekki airport in Lagos, in line with its regulations and in the interest of safety.Mr Sam Adurogboye, the General Manager, Public Affairs of NCAA, said this in an interview with the News Agency of ...