The Nigeria Police Force, in partnership with two indigenous property development companies, has commenced the construction of 40,000 housing units for officers and other interested persons across the country. Parties involved in the project stated that the first phase of the mass housing scheme, consisting of 200 units of houses, was set to commence in […]

The Dangote Group has announced the signing of a Memorandum of Understanding with the Kano State Government for the proposed 100 megawatts Dangote-Black Rhino solar power plant. The conglomerate said in a statement that the formal agreement for the project was reached on Thursday at the office of Secretary to the Kano State Government, Usman […]

The Bankers Committee of the Central Bank of Nigeria on Thursday inaugurated a board to facilitate the disbursement of the N26bn equity fund meant for the growth of agriculture and small businesses in the country. The decision was made at the end of the 331st meeting of the committee held at the headquarters of the […]

A faceless group that goes about defrauding entrepreneurs under the guise of assisting them with loans has been exposed. The Federal Ministry of Industry, Trade and Investment, which alerted business owners to the scam on Thursday, said the fraudsters were using the name and email claimed to be from the ministry to swindle people. The […]

Crude oil production by OPEC members increased slightly in July, including Saudi Arabia, which had championed efforts by the oil cartel and allies to extend an output freeze. Output from the 14 cartel members hit 32.87 million barrels per day (mbd) in July according to secondary sources, OPEC said in its monthly report on the […]

Globacom has declared Friday, 11th August 2017, as the first Free Data Day on its network. This is keeping with the company’s promise of the Free Data Day package which was launched recently, a statement from the telco said yesterday. The company said that eligible subscribers will get 200 MB free data to enjoy a […]

The country’s external reserves rose to more than two-year high of $31.22bn on August 8, data from the Central Bank of Nigeria showed on Wednesday. The foreign exchange reserves, which have been battered by lower oil prices, climbed back to a level they last reached in July 2015, shortly after President Muhammadu Buhari took office, […]

The increase in the production of light sweet crude from Nigeria, United States and Libya has been said to be capable of contributing to a narrower price spread between light and medium crudes. The US Energy Information Administration said in its Short-Term Energy Outlook that Nigerian production increased by six per cent to 1.66 million […]

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday hit the N13 trillion mark, barely three weeks it crossed N12 trillion market, amid Nestle gain. The market capitalisation appreciated by N164 billion or 1.27 per cent to close at N13.097 trillion against N12.933 trillion achieved on Monday. Similarly, the All-Share Index improved by 474.12 points […]

The Federal Operations Unit (FOU) Zone ‘A’ of the Nigeria Customs Service (NCS) has intercepted various items, including vehicles and Indian hemp with a Duty Paid Value (DPV) of N1.61 billion. The Comptroller-General of Customs, retired Col. Hameed Ali, disclosed this in Lagos. Ali told newsmen that the unit intercepted eight Lexus Jeep LX 570, […]