Category: Business
Naira gained slightly against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. Data from FMDQ securities exchange windows showed that Naira at the official market appreciated by 0.24 per cent or N1 to N416.00/$1 compared with the previous day’s value of N417.00/$1. However, the Nigerian […]
Lagos State Commissioner for Health, Professor Akin Abayomi has stated that it is cheaper to make a doctor in Nigeria compared to developed countries. The professor said this while speaking during a panel discussion on the theme, “Healthcare in Nigeria – Beyond the crisis” at the Nigerian-British Chamber of Commerce Conference and Exhibition. According to him, the […]
The Federal Competition and Consumer Protection Commission (FCCPC) says it now receives over 100 complaints daily from consumers regarding poor services by firms and service providers, a figure that is relatively small for the whole country but significantly higher than the past. The agency, formerly the Consumer Protection Council, said before now it received an average of […]
The Federal Government revealed that its investment in Nigeria’s Health Sector has more than doubled over the past 5 years, from N305.1 billion in 2016 to N876.4 billion in 2022 This was disclosed by Nigeria’s Finance Minister, Zainab Ahmed at the Primary Health Care Summit in Abuja on Thursday. She added that Quality Primary Health Care is indispensable to […]
The Commissioner for Agriculture and Food Security in Edo State, Stephen Idehenre, has said that the state has attracted about $531.2 million from nine firms in the oil palm sector through the state oil palm programme. Mr Idehenre made this known during the inauguration of the year 2022 farming season and the FOARE Mushroom Production […]
The Federal Executive Council (FEC) has approved N92.1 billion for the construction of a second runway at the Nnamdi Azikiwe International Airport, Abuja. The News Agency of Nigeria (NAN) reports that the Council’s approval came barely 24 hours after the inauguration of the new terminal building at the Murtala Mohammed International Airport (MMIA), Lagos, by President […]
The Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that it had released additional 516.43 million litres of Premium Motor Spirit (PMS) popularly referred to as petrol to the Nigerian market. According to a statement published on its social media accounts, it said the release was done between March 14 and March 20. The new […]
Investors are exiting their investment in Nestle Nigeria, as the capital market turns negative towards the firm, amid expectations of it’s stock price declining ahead of management meeting over operational decisions. While the meeting is still in June, the company is already feeling the negative sentiment around its stock, which dipped 2.78% on Tuesday, with […]
Bitcoin holders in Nigeria and other parts of the world made huge gains in the last three days as their investment in the crypto asset surged after a 5.2 percent increase in market capitalisation. Investors in the cryptocurrency market gained $40.8 billion between Monday and Wednesday as the market capitalization rose from $770.16billion to $810.96 billion […]
Microsoft has invested $200 million in Nigeria through its newly unveiled African Development Centre (ADC) in Lagos. The ADC is the premier engineering centre for Microsoft. The centre was created by Microsoft to serve as a base for African industry leaders to create local solutions with global scalability as well as provide employment opportunities and […]
The Federal Government has set up a panel of experts to audit the activities of oil companies in the upstream petroleum industry in the last two years so as to ascertain the actual volume of crude oil stolen by vandals. It said on Tuesday that the audit became necessary following allegations by some industry players […]
The Federation Accounts Allocation Committee (FAAC) on Tuesday shared a total sum of N695.033 billion to the three tiers of government as federation allocation for February. The Deputy Director of Information, Ministry of Finance, Budget and Planning, Olajide Oshundun, disclosed this in a statement issued after the FAAC meeting in Abuja. He said the Federal […]
President Muhammadu Buhari Tuesday declared that Nigeria’s dependence on imported products in the agriculture sector will soon be a thing of the past with the inauguration of Dangote Fertilizer Plant, which has an installed capacity of 3.0 million metric tonnes of Urea per annum. Speaking at the commissioning of the plant in Ibeju Lekki, Lagos […]
Panasonic Marketing Middle East & Africa FZE (PMMAF) and its Nigerian Company, Panasonic Marketing and Services Nigeria Limited (PMSNL) have announced the launch of the brand’s new nanoe™X air conditioners. nanoe™X Technology was certified by Texcell, a global contract research organisation, for its inhibitory effect on the novel coronavirus (SARS-CoV-2). General Manager, Marketing, for Air […]
The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, yesterday said Nigeria lacks bankable adequate geosciences data across the county. He noted that N142.6 million has been shared among 11 universities for research, mapping and evaluation of specific solid minerals in the country. Adegbite stated this in Abuja, at the stakeholders’ validation exercise on […]
