CBN intervention has crashed price of rice –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the…
Two Nigerian-Americans elected to US national engineering academy
Two Nigerian-Americans, Oyekunle Olukotun and Oluwole Soboyejo, have been elected to the prestigious National Academy of Engineering of the United States America. Olukotun and Soboyejo were among the 104 US…
Marginal oilfields: FG receives 50% of signature bonuses
The Federal Government said on Tuesday that it had received signature bonuses from 50 per cent of the winners of marginal oilfields following the conclusion of the bid process. The…
Dangote Cement’s annual profit jumps to N278.1bn
Dangote Cement Plc has reported an increase of 37.7 per cent in its profit after tax for the 2020 financial year, compared to the previous year. The company, Africa’s largest…
Senate amending AMCON law to recover loans
The Senate on Tuesday passed for second reading a bill seeking to empower the Asset Management Corporation of Nigeria in assets recovery. The proposed law also intends to strengthen the…
We disburse $80m weekly for school fees, BTAs – Emefiele
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not to panic, saying there is enough forex for business owners,…
Oil tumbles to $60 on concerns over vaccine rollouts
The international oil benchmark, Brent crude, fell more than six per cent on Tuesday, tumbling as concerns over new pandemic curbs and slow vaccine rollouts in Europe compounded additional crude…
SENATE MOVES TO ESTABLISH N5BN MINERAL DEVELOPMENT AGENCY
According to its sponsor, the bill is aimed at investing and containing investments in the mining sector to promote mining A bill to establish Mineral Development Corporation (NMDC) has scaled…
Beckham on signing Messi and Cristiano: Honestly, I actually don’t think it’s a tough one
Former Real Madrid ace David Beckham has his sights set high with his MLS club Inter Miami. So much so, that he isn’t ruling out a move for players like Lionel Messi or Cristiano…
Forex trader remanded for defrauding investors of N17.4m, $6,300
A self-acclaimed foreign exchange trader, Nanpan Yaniyang, has been remanded by the Lagos State High Court for allegedly defrauding investors of N17,449,000 and $6,300. It was gathered that Yaniyang collected…














