Category: Business
The Lagos State Governor, Babajide Sanwo-Olu has launched 500 units of First and Last Mile (FLM) buses, which will be deployed to communities as alternative means of transportation in addressing the security threat posed by commercial motorcycles, popularly known as Okada. The Governor also inaugurated brand-new 100 high- and medium-capacity buses into the fleet of […]
Nigeria’s Vice President, Professor Yemi Osinbajo, has denied declaring interest to contest for the position of President of the country ahead of the 2023 Presidential election. This follows the report of a website and WhatsApp group soliciting and mobilizing support for the vice president for the 2023 Presidential election. This disclosure was made by the Senior Special […]
President Muhammadu Buhari has sent a letter to the Nigerian Senate requesting the sum of $2.18 billion external loan for approval to fund the 2021 Appropriations Act. This was disclosed on Tuesday, as the Senate President, Ahmed Lawan read the letter from the presidency requesting approval. What the Senate said: “Senate President, Ahmed Lawan reads a letter […]
One of the big four accounting firms, Ernst & Young Global Ltd, is investing heavily in blockchain technology. The company is investing $100 million into the engineering and development of distributed ledger technologies. Ernst & Young revealed on May 17th, 2021, its second-generation of smart contract & token review tools through its Ernst & Young […]
The Lagos State Government has announced the setting up business hub and e-commerce digital platform as part of the initiatives to help enhance the growth of Micro, Small and Medium Enterprises (MSMEs) and showcase their products. This is as the state government has reiterated its commitment to the growth and development of the MSMEs to […]
After two consecutive months of losses, Nigeria’s total pension assets has increased by N92 billion to stand at N12.34 trillion in the month of March 2021. This was contained in the Nigerian Pension Commission ‘Unaudited report on pension funds industry portfolio published on its website. March pension fund figures is a growth of 0.81 percent […]
Spotify founder, Daniel Ek, has revealed that he’s open to acquiring Arsenal in a deal that is expected to worth more than a billion dollars. Ek said he had been in contact with Arsenal’s board to cement the deal. The chief executive officer of the music streaming platform said Josh Kroenke, a director at Arsenal […]
Four days after Elon Musk announced that Tesla will no more accept bitcoin as payment option, other investors are still furious with the billionaire, and a confrontation played out on Sunday. The faceoff was triggered by podcast host and founder of WhatBitcoinDid, Peter McCormack, in a statement on Twitter. He said Musk’s decision caused damage […]
The National Lottery Regulatory Commission (NLRC) has moved to contribute significantly to the federal treasury as it revealed that it has developed a new strategy to boost its revenue collection. The new strategy by the commission which is known as the ‘Central Monitoring System’ will boost the government’s efforts in diversifying its sources of revenue, […]
A former Liberian President, Mrs. Ellen Johnson-Sirleaf, has expressed displeasure over the suspension of the Managing Director of the Nigerian Ports Authority (NPA), Ms. Hadiza Bala-Usman. This is coming a few days after the Minister for Transportation, Rotimi Amaechi, inaugurated a probe panel to investigate the policies, strategies, and other management activities undertaken by the […]
Former Imo State Governor and Federal Senator, Rochas Okorocha, has said that Nigeria is losing billions of dollars in the cattle farming dairy chain, as cattle farming in Nigeria is largely done through grazing, and not through a chain that values export of beef, milk and leather. Rochas disclosed this in an interview with Channels TV on […]
Dukia Gold & Precious Metals Refining Co. Limited is set to list on the Lagos Commodities and Futures Exchange (LCFE). The public listing will make it the first solid minerals company to list on a capital market in West Africa. The company is making the move for the Lagos Exchange in collaboration with Heritage Bank, […]
NSIA managing director, Uche Orji disclosed this in a statement to journalists on Tuesday. The Nigeria Sovereign Investment Authority (NSIA) has announced a 343 percent growth in total comprehensive income to N160.06 billion in 2020 as against N36.15 billion the previous year. According to the NSIA boss the authority also achieved 33 percent growth in […]
Aviation handlings firms made N2.63 billion from cargos handling against N2.53 billion recorded in same period in 2020. Cargo handling businesses recorded a boom in the first quarter of 2021, as aviation handling companies made N2.63 billion (import and export) against N2.53 billion recorded in the same period in 2020. This was extracted from the Q1 […]
Nigeria’s company income tax revenue increased by 32.84% year-on-year in Q1 2021. Nigeria generated the sum of N392.8 billion from company income taxes in the first quarter of 2021. This is contained in the quarterly report on company income tax by sectors, recently released by the National Bureau of Statistics (NBS). This represents an increase of N97.1 […]
