Skip to content
Cement firms report impressive Q1 growth, applaud reformed forex for stabilizing industry
Nigeria’s cement manufacturing firms, including; BUA, Dangote and Lafarge have reported impressive first quarter financial statements. The growth comes amid claims of inclement operating environment riddled with high operating costs, logistics, and other overheads which have seen the market price…
FG begins certification processes for 5 proposed deep seaports
Federal Government has approved certification processes for five proposed deep seaports. Federal Government has approved certification processes for five proposed deep seaports in the country. The move is aimed at halting a reported loss of over 70 per cent of…
UNIPORT, UNIBEN teams advance to boot camp in NCDMB Engineering Olympiad
Frank Okon University of Port Harcourt and University of Benin have emerged winners of the South-South regional stage of the Nigerian Engineering Olympiad (NEO), securing spots in the national boot camp phase of the competition. The contest which held at…
NUPRC warns of fake social media accounts impersonating CEO
Ziggy Ojiegbe The Nigerian Upstream Petroleum Regulatory Commission has alerted the public to the activities of fraudsters impersonating the Commission Chief Executive, Oritsemeyiwa Eyesan, across multiple social media platforms. In a disclaimer issued by the Commission, NUPRC said it had…
Domestic carriers hike fares, despite slash in JET-A1 pump price by local refinery
Domestic airlines operators have hiked the price of flight tickets across all local routes. The increase comes barely one day after a local refinery had slashed the pump price of the JET A1 ( aviation fuel), as well as other…
Stock market losses N1.62trn, as CBN retains interest rate at 26.50%
Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 26.50 per cent. The CBN Governor, Mr Olayemi Cardoso, who disclosed this during a press briefing at the end of the 305th Monetary Policy Committee (MPC) meeting…
FG introduces unified, mandatory tax ID for all Nigerians
Federal Government, through the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), has launched a compulsory Tax ID system for all taxable Nigerians and businesses. The new Tax ID framework will replace the existing TIN Validation API…
CBN opens N650bn offer for NTBs auction
Central Bank of Nigeria (CBN) has opened for offer N650 billion worth of Nigerian Treasury Bills (NTBs) at its scheduled auction, Wednesday in what marks the second issuance for the month under the Federal Government’s second-quarter borrowing programme. The auction,…
AIICO deepens commitment to education with upgrade of Learning Hall at CIFM
AIICO Insurance has announced the completion of upgrade of the ‘AIICO Hall’ located at the College of Insurance and Financial Management (CIFM) to a standard learning centre complete with modern facilities. The newly-upgraded hall is now outfitted with state-of-the-art multimedia infrastructure,…
Africa, Asia lead global housing shortage as urban slum population surges, UN Warns
Frank Okon Africa and Asia are at the center of the global housing crisis as rapid urbanization, rising inequality, and the growing expansion of slums continue to outpace infrastructure and housing development, the United Nations has warned. According to UN…
