Tuesday, August 3, 2021

Onne Multipurpose Terminal opens for business 

Onne Multipurpose Terminal opens for business  In an important milestone for Nigeria’s port industry, Onne Multipurpose Terminal (OMT) has commenced container operations at Onne Port,...

OIL & GAS

NEWS

UBA ADS

INSURANCE

Capital Market

POLITICS

Biafran separatist leader Kanu arrested

The leader of a group calling for the secession of a part of southeastern Nigeria formerly known as Biafra has been arrested and is...

Biden visits Europe on first overseas trip as U.S .President

U.S. President Joe Biden embarked on his first overseas trip on Wednesday where he will meet European partners. The president and First Lady Jill Biden...

CIFCFEN to establish forensics, fraud examiners college 

The Chartered Institute of Forensics and Certified Fraud Examiners of Nigeria (CIFCFEN) has concluded plans to establish the Nigerian College of Forensics and Fraud...

Women to take driving seat in Nigeria’s male-dominated farming industry

For the past 13 years, Linda Sheknami Auta has grown rice, maize, yam and soybeans by hand. It is a long and arduous process that has...

Buhari Inaugurates Integrated Farm Project in Daura 

President Muhammadu Buhari has inaugurated the first National Agriculture Land Development Authority (NALDA) Integrated Farm Estate in Suduje Daura, Katsina State, with a pledge...

Afreximbank Okays Trade Pact Between Malawi and South Sudan

African Export-Import Bank (Afreximbank) has announced its support for the first ever memorandum of understanding (MoU) on trade collaboration between the Governments of Malawi...

PMI: private sector powers economy in first half

The Purchasing Managers Index (PMI) for June showed a positive end to the first half of 2021 with a solid expansion recorded in the...

FG invests over $1bn on infrastructural development

The Federal Government plans to invest $1bn in the construction of the Lagos-Ibadan Expressway, Sec- ond Niger Bridge, and Abuja-Kaduna-Zaria-Kano Expressway. This will increase construction sector ac- tivities that...

Startups & SMEs

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Lifestyle

IBOM ICON Hotel & Golf Resort is redefining the dining experience in Akwa Ibom with its ethnic themed Akwa Ibom night, which is a...

ENTERTAINMENT

The Mayans, Band of 5  out of  Trophy Extra Special Band Season 2

An already tense season of Trophy Extra Special Band got even hotter this week. In this week’s episode, the bands showed off their excellent...

In search of $20b creative industry revenue target 

Nigeria's foreign exchange (forex) earnings have dropped in recent years as crude oil prices dipped.  But the creative industry is emerging as alternative to...

Heritage Bank Supports “Rita Dominic Acting Challenge”

Heritage Bank Plc has further reiterated its commitment to the growth and development of the creative and entertainment sector by supporting the “Rita Dominic...

TECH & PAYMENTS

Paxful achieves N92.25b transactions in four months 

Paxful, the global peer-to-peer fintech company, says it achieved N92.25 billion transactions by Nigerians on its platform from March to June 2021. Speaking on its...

Blockchain technology to add $29b to Nigeria’s GDP by 2030

New research by Enhancing Financial Innovation & Access (EFInA) finds that blockchain technology can address barriers to financial inclusion in Nigeria and substantially boost...

Mastercard Foundation Signs Host Country Agreement in Nigeria 

The Mastercard Foundation announced that it has signed the Host Country Agreement which will enable the Foundation to empower 10 million young people in Nigeria...

Exchange Rates

Report: 60% forex deals transacted on IEFX window 

The ongoing segmentation of Nigerian foreign exchange (forex) market has pushed between 55 to 60 per cent of forex transactions to  the Investors and...

Foreign reserves drop $33.79 billion as dollar demand thickens

The foreign exchange reserves have dropped to $33.79 billion as at June 17 as demand for dollars for imports and other essential needs thickens. Previous...

BDC directors support naira stability, regulatory compliance 

Bureaux De Change (BDC) directors have reiterated their commitment to ensuring stable exchange rate in the country. This was part of  resolutions made at the...

LATEST ARTICLES

IMF okays $650b SDR Allocation of Special Drawing Rights

The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456...

CIFCFEN to establish forensics, fraud examiners college 

The Chartered Institute of Forensics and Certified Fraud Examiners of Nigeria (CIFCFEN) has concluded plans to establish the Nigerian College of Forensics and Fraud...

Women to take driving seat in Nigeria’s male-dominated farming industry

For the past 13 years, Linda Sheknami Auta has grown rice, maize, yam and soybeans by hand. It is a long and arduous process that has...

 CBN mandates banks to open teller points for forex sales

The Central Bank of Nigeria (CBN) has directed commercial banks to open teller points for selling dollars to Nigerians.  The teller points will be replicated...

Wema Bank appoints two non-executive directors

Wema Bank Plc has announced the appointment of two Non-Executive Directors to its Board of Directors following the approval of the Central Bank of...

CBN monitors banks’ compliance with forex sales 

The Central Bank of Nigeria (CBN) has dismissed speculations that it would change foreign currencies in customers' domiciliary accounts to naira to check dollar...

Group holds capacity building workshop on women economic support

Partners working in the area of women’s economic empowerment converged in Lagos for 3-days to strengthen women advocacy and communications skills to enable them...

ANSICTA Hosts Anambra Innovation Stakeholders Summit 

The Inaugural Anambra Stakeholders Innovation Summit (AISS), Nigeria’s foremost innovation conversation platform made its debut on Wednesday July 28th, 2021 bringing together stakeholders in...

SPORTS

Flutterwave backs D’Tigers for 2021 Tokyo Olympics

Flutterwave, a payment technology company, will partner with the Nigerian basketball team, D’Tigers, as they head to Tokyo to compete for gold at the 2021...

Spain edge Switzerland to reach Euro 2020 semi-finals

Goalkeeper Unai Simon saved two penalty kicks as Spain beat Switzerland 3-1 in a shootout on Friday to secure a place in the Euro...

Murray’s Wimbledon comeback ends with third round loss to Shapovalov

Andy Murray’s Wimbledon comeback ended in the third round on Friday with a straight-sets defeat by Denis Shapovalov. He had won back-to-back matches at a...

Sports Ministry: Ighalo Is Principals’ Cup Ambassador

The Federal Ministry of Youth and Sports Development on Tuesday named former Super Eagles striker, Odion Ighalo, an ambassador of the National Principals’ Cup. The...

2020/2021 CAF Champions League Quarter-final fixtures

Fixtures The knockout stages for the 2020/2021 CAF Champions League begin with the quarter-finals getting underway on Friday. First Leg Friday 19:00  —-  Algiers   ——  MC Alger...

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