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Dangote to cut sugar import by 40%
The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the country by 40 per cent.
The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of its…
Ecobank Nigeria unveils loans, remittances scheme
Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers.
Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s…
Ibru: South-south can influence Nigeria politically if United
Gboyega Akinsanmi
Former Chairman of Ikeja Hotels Plc, Chief Goodie Ibru, has said South-south, a geo-political zone comprising six oil-producing states, can influence Nigeria politically if the people work in unity across the federation.…
GDP: Finance and Insurance sector grows by 29.90% in Q2 2022
In the second quarter of 2022, the Finance and Insurance sector grew by 29.90% in nominal terms.
According to the National Bureau of Statistics' most recent GDP report.
Financial Institutions grew at a rate of 31.63%, while Insurance grew…
Reps summon Auditor-General of the Federation over fuel subsidy payments
The Nigerian House of Representatives has agreed to summon the Auditor General of the Federation, Mr Okolieaboh Sylvia, to provide documentary evidence on the audit of funds spent on fuel subsidies.
According to the News Agency of Nigeria,…
The most expensive Apple watch case is diamond encrusted and costs $15,000
Apple Watches are already among the most expensive digital smartwatches available, but a new case designed by a Swedish company called Golden Concept has increased their price even further.
The company's most recent product is an Apple…
BREAKING: Nigeria’s real GDP grows by 3.54% in Q2 2022
Nigeria's GDP increased by 3.54% year on year in real terms in the second quarter of 2022, an improvement over the 3.11% growth recorded in the previous quarter. This is according to the National Bureau of Statistics' most recent GDP…
Nigeria set to assemble electric vehicles, signs MOUs with Israeli, Japanese firms
The federal government has signed an agreement with Israeli and Japanese companies to assemble and manufacture environmentally friendly, green, electric, and smart automobiles by 2023.
On Thursday, the National Agency for Science and…
Takeover: DisCos fight back, claim 32,000 jobs
Electricity distribution companies, DisCos, said they had succeeded in creating over 32, 000 jobs since privatisation.
In a statement signed by the Executive Director, Research & Advocacy, the Association of Nigeria Electricity…
Nigerian tech start-ups can implement great ideas
The chief executive officer (CEO) of Lognetics, Light Ihesiulo, has stated that with the right support from the government, Nigerian tech start-ups can implement great ideas. Speaking in a chat with journalists in Abuja, yesterday, Ihesiulo…