Dangote Signs Deal To Build Another Cement Plant In Ogun State –

Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, while China Sinoma Engineering […]

Coalition decries unavailability of new Naira notes, urges immediate action

The Coalition of South East Youth Leaders, COSEYL, has called on the Central Bank of Nigeria, CBN, to ensure the availability of the new redesigned Naira notes across the country to ease businesses. Our correspondent reports that several businesses, particularly in the rural areas, crumbled a few days ago following the scarcity of the new […]

Google deletes over 1.7 billion ads in Nigeria, other African countries

Global tech giant, Google, has disclosed that it deleted over 1.7 billion ads, restricted over 5.7 billion, and suspended over 5.6 million advertiser accounts in Nigeria and other parts of Africa. In its latest statement on Africa, Google pledged commitment to access to information. It stated that governments worldwide are demanding stiffer information and private […]

Redesigned Naira: CBN accuses banks of hoarding N4.5b new notes

The Central Bank of Nigeria (CBN) has accused some commercial banks in Port Harcourt, Rivers State, of refusing to dispense the sum of N4.5 billion redesigned notes allocated to them. The controller of the CBN branch in Rivers State, Maxwell Okafor, disclosed this on Friday when he led an enforcement team on the newly redesigned […]

Nigeria can’t continue in path of rising debts – Experts counter Tinubu

Economic experts have said Nigeria cannot continue on the path of indebtedness amid incompetence and inefficiency. The economic analysts were reacting to the All Progressives Congress, APC, presidential candidate, Bola Ahmed Tinubu’s recent comment on Nigeria’s 2023 appropriation bill. Recall that Tinubu remarked in his interaction with business stakeholders, in Lagos, that budget deficits are […]

Nigeria’s rising debt profile spells doom for incoming government – Experts

Nigeria’s swelling debt profile without a commensurate infrastructural development has become of great concern to many Nigerians. For economic experts, the situation would spell doom for President Muhammadu Buhari’s successor as from May 29, 2023. Just recently, the Debt Management Office, DMO, said Nigeria’s total debt stock would hit N77tn in May 2023 if the […]

Experts call for policy review as Nigeria’s Tobacco industry risks collapse

Economic experts have called for a review of the government’s 2022-2025 fiscal policy to save Nigeria’s Tobacco industry from collapse due to heavy taxes. Also, they stated that businesses in the sector might go moribund in the next three years if the Federal government implements its new tax regime. The Ministry of Finance, Budget and […]

I’ll Step Down As Twitter CEO After Finding A Replacement – Musk

Elon Musk said on Tuesday he will step down as chief executive of Twitter after finding a replacement. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Musk wrote on Twitter. This is the first time […]

Ohanaeze, Yoruba youth councils back CBN cashless policy

Ohanaeze Ndigbo Youth Council Worldwide and the Yoruba Youth council said introducing the new cash policies by the Central Bank of Nigeria (CBN) will instill discipline and curb corruption in the lives of Nigerians. The CBN had last week announced some cash withdrawal limit policies, a development that has generated mixed reactions among Nigerians. While […]

Farm or die hungry, stop complaining – Buhari to Nigerians

President Muhammadu Buhari has said Nigerians should farm what they eat or die hungry. Buhari said Nigerians have no reason to complain of hunger. He explained that his position was responsible for the decision to ban rice importation. Speaking with Tambarin Hausa TV, the president said Nigeria can still feed itself despite the floods that […]

Former Twitter CEO, Jack Dorsey, launches new social media platform

Jack Dorsey, the founder and former CEO of the microblogging website Twitter, has launched a new social media platform called “Bluesky.” This happened just a week after business tycoon and owner of Tesla cars, Elon Musk,took over ownership of Twitter. Drsey’s new app, which is in its testing stage, already has over 30,000 people signed […]

Redesigning naira notes will plunge Nigerians into economic crisis – Group to FG

A coalition of over 73 civil society organisations in Northern Nigeria under the auspices of Concerned Northern Forum (CNF), has opined that the move, as announced by the Central Bank of Nigeria (CBN) Governor, to redesign and print new currency notes considering its economic implication is a way to plunge Nigeria and Nigerians into more […]

Elon Musk: Twitter set to charge $20 per month for verification

An American communications company, Twitter, has announced plans to start charging almost $20 monthly for verification. This is coming barely 48 hours after Elon Musk took over Twitter ownership. The monthly subscription is said to be part of the premium service to be rolled out under the leadership of Elon Musk for users to stay […]

Photos: Commuters stranded as Lagos drivers commence strike

Commuters were left stranded in the early hours of Monday as commercial bus drivers, under the aegis of the Joint Drivers’ Welfare Association of Nigeria (JDWAN) commenced a seven-day strike. Reports from our correspondents reveal that many people were stranded at Satellite, Amuwo Odofin major bus stops along Ogba-Berger road, such as Aguda, college road, […]

Ease of doing business: Lagos, Rivers, Ogun ranked low as Gombe, Sokoto lead

Lagos, Ogun, and Rivers states have been ranked low among other states of the federation in ease of doing business. According to the World Bank, the ranking of economies is determined by sorting the aggregate ease of doing business scores. The aggregate ease of doing business score for each economy is the simple average of […]

Commonwealth Finance Ministers discuss measures to control rising inflation

Commonwealth Finance Ministers held talks on Wednesday on the margins of the World Bank and International Monetary Fund (IMF) meetings in Washington D.C. The Commonwealth Finance Ministers Meeting 2022 (CFMM) addressed emerging economic issues facing the global economy and member countries. Zainab Ahmed, Nigeria’s Minister of Finance, Budget and National Planning and more than 20 […]