Corruption: World Bank blacklists six Chinese firms in Nigeria

The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria... Read more »

S’West tops domestic debtors’ list with N1.04tn

The South-West has more domestic debt than other regions of the country. Statistics obtained from the Debt Management Office on Monday showed that the geopolitical zone was exposed to a domestic debt... Read more »

NNPC names 15 successful consortia for crude oil lifting

The Nigerian National Petroleum Corporation (NNPC) has shortlisted a total of 15 consortia made up of reputable and experienced international companies and Nigerian downstream companies who were successful as it partners for Direct... Read more »

Bill and Melinda Gates Foundation audit team commends Seed Council

An independent audit team sent by the Bill and Melinda Gates Foundation, to audit its cassava project in Nigeria, has commended the National Agricultural Seed Council (NASC) for its cassava seed tracker... Read more »

NSE: Market indicators dip further by 0.47%

Transactions on the floor of Nigerian Stock Exchange (NSE) declined profile on Friday with crucial market indicators dropping by 0.47 per cent. The News Agency of Nigeria (NAN) reports that the All-Share... Read more »

Nigeria is losing trillions to corruption, say forensic experts

Forensic experts yesterday alleged growing cases of fraud, cybercrime and corruption in the country despite government’s effort to address these problems. At a press conference in Abuja, the Pro tem President of... Read more »

Stock Prices’ Free Fall Widens Investment Opportunities

The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock prices have declined significantly below their opening values, Akelicious’s investigation has revealed. Akelicious checks showed that... Read more »

FG’ll open power market to new investors – Osinbajo

The Federal Government is creating policies that will open up the nation’s electricity market to new investors in generation, transmission and distribution infrastructure, the Vice President, Prof. Yemi Osinbajo has said. Osinbajo... Read more »

Access Bank Introduces Loan For Smartphone Purchase

Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion. Victor Etuokwu, Executive Director, Retail Banking, said... Read more »

FG bans forex for food importation

Omodele Adigun, Juliana Taiwo-Obalonye, Louis Ibah and Wale Sanyaolu President Muhammadu Buhari, yesterday directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country. Buhari made the... Read more »

Union Bank unveils initiative to boost innovation

The EdTech Challenge is the third of the yearly Innovation Challenge, which aims to discover, showcase and support innovative, cutting-edge technologies with the potential to transform the education system. The initiative reinforces... Read more »
NSE

Equities Market Sheds N158bn, Records Sixth Consecutive Weekly Decline

The downtrend at the stock market continued last week, leading to a sixth consecutive negative close.  The Nigerian Stock Exchange All-Share Index (NSE ASI) fell by 1.17 per cent to 27,630.46, as... Read more »

AFDB empowers 20,000 Nigerian farmers

As part of its efforts to reduce poverty, create employment opportunities for Nigerians, the African Development Bank (AFDB) has empowered over 20, 000 farmers in the last four years.   National programme Coordinator of... Read more »

CBN Milk Policy: Need For Backward Integration For Growth

As a nation that has a population growth rate of more than three per cent and is expected to be one of the most populous countries in the world by 2050, Nigeria,... Read more »

Dangote Refinery suffers supply hiccups: Completion shifted till 2020

Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in Lagos said.... Read more »

EEDC laments continuous assault on field staff in South-East

The Enugu Electricity Distribution Company (EEDC) has cried out over continuous assault on its field staff, in the course of carrying out their lawful operations in the South-East. The company’s Head of... Read more »

AfDB offers AU $5m grant for AfCFTA implementation

The take off of the African Continental Free Trade Area (AfCFTA) got a notch better yesterday, when the African Development Bank (AfDB) Group, signed a $4.8 million institutional support grant to the... Read more »

Nigeria defies cuts as OPEC output slumps to five-year low

Organisation of the Petroleum Exporting Countries (OPEC), has pumped its fewest barrels in more than five years in July, aided by a huge production decline in its largest producer, Saudi Arabia, alongside... Read more »
Fidelity Bank

Fidelity Bank Rewards 190 Loyal Customers

Fidelity Bank Plc has doled out over N74 million as cash reward to 190 customers in the northern part of the country under its Northern Market Activation Campaign currently going on across... Read more »

Ex-staff slams N4bn suit on ExxonMobil over forceful retirement

The National Industrial Court in Ikoyi, Lagos, Southwest Nigeria has dismissed the objection filed by a multinational Oil company, ExxonMobil Corporation and its parent body, Mobil Producing Nigeria Limited against the N4... Read more »

FG begins sale of 2, 3 year savings bonds at 10.301%, 11.301% for August

The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office (DMO) has said. According... Read more »

Access Bank plans N30bn 15.5% tier-2 bond

Access Bank has said it is planning to list a N30 billion Tier-2 bond on the floor of the Nigerian Stock Exchange (NSE).  A bond is a fixed income instrument representing a loan... Read more »

Lagos begins sales of Lake Rice for Eid celebration

The Lagos State Government on Monday commenced the sales of its popular brand of rice, Lake Rice, in preparation for the coming Eid-el-Kabir celebration.The Permanent Secretary, Ministry of Agriculture, Dr. Olayiwole Onasanya,... Read more »

Fuel Station Available For Sale In Umunze Orumba Anambra State

FUEL STATION AVAILABLE FOR SALE Location :umunze Orumba Description Space 3 Plots of Land 4 computer pumps for fuel 1 computer pumps for kerosene 1 computer pumps for Desiel Totaling 6pumps Underground... Read more »

Flint CEO of HSBC departs

HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties. The announcement came as the banking giant reported pre-tax profit was up... Read more »

No plan to relocate NGC outside N’Delta, NNPC assures

The Nigerian National Petroleum Corporation (NNPC) says it has no plan to relocate its subsidiary, Nigerian Gas Company (NGC) outside the Niger Delta region. The spokesman of the corporation, Mr Ndu Ughamadu, in... Read more »

Disbursement of Shell’s N2.45bn stirs crisis in Bonny

The disbursement of over N2.45bn paid to Bonny kingdom by Shell for its operations of its Bonny crude oil and gas terminal has torn the Amanyanabo, Edward Asimini Dappa Pepple and some... Read more »

Zenith Bank upgrades mobile banking application

Zenith Bank says it has upgraded its mobile banking application to ensure its services are more suited for the lifestyle needs of customers. The bank said in Lagos on Saturday that the... Read more »

Stay Healthy And Make Extra Cash Today

*LET’S HELP SAVE LIVES* Do you know someone who is Suffering from any of these, or any degenerated named disease(s), but have lost hope of survival? There’s another chance for them to... Read more »

FAO stresses need to achieve zero hunger, malnutrition

Food Agricultural Organisation (FAO) UN has stressed the need to achieve zero hunger and malnutrition by stepping up global efforts to make agriculture more sustainable. The FAO National Communication Officer, Mr David... Read more »

Glo pays N2.6bn interconnect debt to MTN

MTN Nigeria has received N2.6bn part-payment of interconnect debt from Globacom, sources familiar with the issue confirmed on Thursday. It was gathered that the industry regulator, Nigerian Communications Commission, had intervened in... Read more »

FG plans to establish more dry ports

The Director General (DG) Infrastructural Concession Regulatory Commission (ICRC), Mr Chidi Izuwah says the Federal Government is committed to establishing more dry ports in the country. The DG said this on Thursday,... Read more »

MTN To Convert Recharge Card Sellers To Financial Services Agents

The management of MTN Nigeria Communications Plc has confirmed securing an approval from the Central Bank of Nigeria (CBN) to offer financial services to millions of residents of the country. A statement... Read more »

Concerns Mount over Africa’s Domain Name Registration

The Nigeria internet Registration Association (NiRA), has raised concern over the low figures recorded in domain name registration in Africa, including Nigeria. NiRA made the observation during the 2019 Dot NG Media... Read more »

9mobile Partners Gravitas on Fibre Deployment Deal

9mobile has signed a business agreement with Gravitas, a property and infrastructure development company, to provide exclusive telecommunications services on Gracefield Island. Gracefield Island will be a new integrated cosmopolitan smart city... Read more »

Dangote Refinery’s World Largest Atmospheric Tower Leaves China

A piece of equipment that will process crude oil for Dangote refinery has set sail from China, Sinopec Corporation said on Monday. The 650,000 barrel-per-day refinery being built in Lagos is set... Read more »

Oil firm demands $9.8m from Emeka Offor’s Kaztec

Seawolf Oil Services Limited alongside its receiver/manager Mr Michael Igbokwe SAN has dragged Chief Emeka Offor’s company Kaztec Engineering, limited before a Federal high court in Lagos, claiming $ 9.8million in damages.... Read more »
cbn

CBN injects $284.2m, CNY36m into retail secondary market

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in... Read more »
mtn nigeria

MTN Nigeria posts 566.95bn revenue in six months

MTN Nigeria Communications Plc on Friday released its unaudited result for the six months ended June 30 and announced an interim dividend of N2.95 per share to its shareholders. The company’s unaudited... Read more »
Boeing

Boeing loses $3bn in Q2 from 737 MAX impact

 U.S. top aircraft manufacturer Boeing Company has posted a loss of about 3 billion U.S. dollars in earnings for the second quarter of 2019. This the Company said on Wednesday was  as... Read more »
tesla_web-thumb-large

Tesla second-quarter revenue drops, shares tumble 11%

Tesla Inc (TSLA.O) on Wednesday reported lower-than-expected revenue and a fall in gross margins for the second quarter, sending its shares down nearly 11% in extended trading. Total revenue rose 58.7% to... Read more »
Fidelity Bank Plc

3,000 SMEs to benefit from Fidelity Bank’s Funding Connect initiative

Fidelity Bank Plc on Tuesday said over 3,000 Small and Medium Enterprises (SMEs) would be participating in its SME Funding Connect initiative aimed at bridging funding gap. Mrs Chijioke Ugochukwu, Executive Director,... Read more »