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Business and Economy

Passengers stranded as workers down tools at Lagos airport

DOZENS of intending travellers were left stranded on Monday after staff of the Nigerian Aviation Handling Company Plc (NAHCO) embarked on a strike action,...

Petrol scarcity, arbitrary price hike worsen at filling stations

Scarcity of premium motor spirit, widely known as petrol, has worsened at retail outlets across the country, with pump price spiralling arbitrarily and vehicles...

After ICIR-funded investigation, Cross River Ministries of Agriculture, Finance get commissioners

By Archibong Jeremiah CROSS RIVER state Governor Ben Ayade has appointed Commissioners for the Ministries of Finance and Agriculture and Natural Resources after an ICIR-funded...
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Cross River State Government in Soya Beans farm project contract award scandal

By Archibong Jeremiah In July 2019 the Cross River State Government contracted Swamaco Global Limited to design and construct a soya beans farm city with...

Transmission Expansion: World Bank supports TCN with eight transformers

THE Transmission Company of Nigeria (TCN) said on Thursday January 19 that it has received eight brand new power transformers under the World Bank-funded...

AfDB’s Adesina seeks bold reforms, projects 4% GDP growth for Africa

PRESIDENT of the African Development Bank (AfDB), Akinwumi Adesina, is seeking bold economic reforms from African nations as he projected Africa’s gross domestic product...
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FG generates N14.59bn from mining licences in five years

THE Federal Government generated N14.59 billion from mining licences in five years. The Director-General Nigeria Mining Cadastre Office (NMCO) Obadiah Nkom disclosed this at the...

Banks are not collecting new notes, CBN says as deadline nears

THE Central Bank of Nigeria (CBN) has revealed that commercial banks are refusing to collect the new naira notes. The apex bank had directed the...

Tax credit policy: FEC okays NNPCLtd investment in 44 federal roads

THE Federal Executive Council (FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the...
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Here are ways redesigning the naira notes will affect you

THE Central Bank of Nigeria's (CBN) redesigning of select...