The ICPC boss has been asked to go on compulsory leave starting October 26. No reason was given but it is suspected to be as a result of his handling of corruption cases against former governors.
The Nigerian Stock Exchange Tuesday remained on a downward spiral with the market capitalisation shedding N164 billion due to profit taking. The market capitalisation lost N164 billion to close at N9.307 trillion compared with N9.471 trillion achieved on Monday.
Nigeria is currently losing about N78 billion annually to the activities of cyber criminals and the Ministry is partnering with stakeholders to build requisite ICT and cyberspace capacities in the country.
Apparently hit by the prevailing economic situation in the country, Dangote group of companies has sacked 48 of its staff. A statement signed by Aliko Dangote says the company needed to cut down costs, hence the sack.
Visa processing company, VFS Global says according to its statistics, Nigerians travel more to the US and UK. Travels to Europe, South Africa, Dubia and India have also increased in recent years
The Chairman of Madagali LGA in Adamawa State has called on the FG to assist in rehabilitating infrastructure damaged in the council by Boko Haram.
The bureau said despite cuts and adjustments in prices and rates for land applications, transaction is still not encouraging. The bureau is set to start processing online applications for land among other new drives to ensure ease of transaction.
The only remaining foreign firm in Nigeria’s downstream, Total is set to divest its downstream assets as a result of shrinkage in profits. About 12 companies are already in the race to acquire these assets.
President of Dangote Group, Alhaji Aliko Dangote, has revealed that his 600,000-barrel-per-day capacity refinery is eight times the size of Victoria Island and will start producing by first quarter of 2019.
About 2,000 cultists of the Iceland and Debam groups openly surrendered their weapons, accepting amnesty from the state government. The Government lauds this move and promise new lease of life for citizens. It also warned that it will go tough on those that refuse the amnesty.
Nigeria yet again dominated at the 2016 MTV Africa Music Awards. Wizkid scooped three awards, Yemi Alade, Patoranking and Tekno also won to make it a great night for Nigerian acts.
Former governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi II, has advised that rather than devalue the naira at 300 to a dollar, the CBN should make the Bureau de Change (BDC) liquid.
This approval, according to the AfDB, is aimed at improving healthcare delivery across the continent. About seven countries, including Nigeria, Egypt, and Tunisia, have been listed to benefit from the investment.
New currency launch in Zimbabwe meets with stiff resistance as it stirs memory of 500 billion inflation and uselessness of the old Zimbabwean dollar.
The Central Bank in partnership with Heritage Bank and NYSC said the Youth Innovative Entrepreneurial Development Programme will help reduce unemployment rate in the country which has reached 13%.
Nigeria currently grapples with prices that are less than half of what they were in July 2014. Also, militancy has affected production but with the price reduction, Nigeria is well poised to regain its share in the already saturated market.
They said the harsh operating environment can be attributed to policy formulation, policy deviation and policy contradictions on the part of the executive arm of government.
The Nigerian Currency continued to appreciate at the forex market as it closes at N304.57 at the official interbank market on Wednesday
The Standard Organisation of Nigeria as urged owners of industries as well as Nigerians to reject and desist from producing and purchasing substandard products due to its negative impact on the economy
Nigerian oil company, NIPCO Plc has acquired a 60% stake in ExxonMobil thereby taking over the affairs of the American company in the downstream sector of the Nigerian Oil and Gas industry.