The Governor, Central Bank of Nigeria, Godwin Emefiele,  has said the bank has blocked the accounts of some smugglers sabotaging Nigeria’s economy in the textile, rice and palm oil industry. Emefiele said this, during an interview at the roundtable session on developing a road map for greater growth and job creation in Nigeria, which was […]

MTN Group on Friday announced the unveiling of Africa’s first Mobile Money (MoMo) Artificial Intelligence (AI) service or “chatbot”. The MTN Group President and Chief Executive Officer, Rob Shuter, in a statement said that the chatbot went live in Cote d’Ivoire  in May and would be rolled out across MTN’s MoMo footprint in the next […]

The Federal Government on Friday declared that it was reversing the adverse effects of land and air pollution in Nigeria. It disclosed this in Abuja while commemorating the 2019 World Environment Day, which had the theme ‘Air Pollution.’ The WED is celebrated on the 5th of June every year and is used to enhance political […]

The Federal Road Safety Corps has warned its personnel deployed to manage the Apapa gridlock to shun corruption or be ready to face summary dismissal from service. The spokesman of the service, Bisi Kazeem, gave this warning in Lagos, said, “Our officers and men are aware of the zero tolerance for corruption in FRSC that […]

The value of total imports into the country rose 3.39 per cent in first quarter of 2019 compared to fourth quarter of 2018, and by 25.84 per cent over the corresponding quarter of 2018. The National Bureau of Statistics revealed this in its ‘Foreign trade in goods statistics’, released on Friday. It also revealed that […]

The Vice-President, Prof Yemi Osinbajo, has inaugurated a plant that is capable of producing five million cylinders for Liquefied Petroleum Gas, also known as cooking gas, annually. The plant was built by Techno Oil Limited in Lagos and unveiled on Friday, with the company saying it could meet the country’s requirements and export to other […]

The World Bank on Thursday said the global economy has slowed to its lowest pace in three years. In its new report titled: World Bank’s June 2019 Global Economic Prospects: Heightened Tensions, Subdued Investment, the bank said trade and investment have been weaker than expected at the start of the year, and economic activity in […]

The Director-General of the National Council for Arts and Culture, Otunba Runsewe, has commended the Central Bank of Nigeria’s Governor, Mr. Godwin Emiefele, for developing a Creative Industry Financing Initiative. Runsewe who gave this commendation in Abuja, Nigeria’s capital, said that the Initiative will allow Investors in the Creative Industry access loan up to Five […]

The National Bureau of Statistics (NBS) says the country recorded a total trade volume of 8.24 trillion in first quarter, 2019. The NBS said this in “Foreign Trade in Goods Statistics’’ for first quarter, 2019 posted on its website. The bureau said the figure (N8.24 trillion) was 2.50 percent higher compared to fourth quarter, 2018 […]

Transcorp Hilton Abuja has been recognised as Africa’s leading business hotel for the fifth consecutive year at the World Travel Awards, according to a statement. The statement added that Transcorp Hilton Abuja picked five of the eleven awards won by Hilton Properties at the 2019 Africa & Indian Ocean Gala /Travel and Tourism awards ceremony […]