BUSINESS NEWS

Oando becomes preferred bidder for Guaracara Refining Company in Trinidad, hints at Afro-Caribbean partnership.   Oando PLC has stated that its subsidiary, Oando Trading, was selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company Limited (GRC), according to the Honorable Minister for Energy of Trinidad and Tobago.   Located in […]

Samuel Eto’o Named the Only Striker in Football History That Was Better Than Him.   Samuel Eto’o once named the only striker he believed was better than him, describing them as ‘the best of them all.’ The Cameroonian had a legendary career full of goals, scoring a grand total of 420 for club and country, […]

The scarcity of Premium Motor Spirit, popularly called petrol, in Abuja and other northern states could persist till after Saturday’s gubernatorial elections in various states, oil marketers said on Tuesday. Petrol scarcity became severe on Monday in Abuja, Nasarawa, Niger and other states in the North, as thousands of motorists besieged the few filling stations […]

The Central Bank of Nigeria (CBN) on Tuesday said President Muhammadu Buhari’s directive on the N200 notes still stands. Buhari in his nationwide broadcast on February 16 directed the apex bank to only reissue and re-circulate the old N200 banknotes. The old N200 is expected to circulate as legal tender for 60 days up to […]

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said that the Federal Government has recorded more than one billion dollars’ worth of investments in the automotive industry. Adebayo said this when he featured at the 20th edition of President Muhammadu Buhari’s administration scorecard series organsied by the Federal Ministry of Information and Culture on […]

Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022. The National Bureau of Statistics (NBS), said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q3 2022 released in Abuja. The report […]

The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.01 per cent, compared with the 445.80 it exchanged on Tuesday. The open indicative rate closed at N444.25 to the dollar on Wednesday. An exchange rate of N452 to the dollar was the highest rate recorded […]

The Commissioner for Education, Prof. Ngozi Chuma-Udeh has received the Eminent Personality Award from the Anambra State Association of Town Unions. The event was held at the ASATU hall, Government House Awka on Saturday 3rd December, 2022. The National President of ASATU, Barr. Titus Akpudo said Prof. Chuma-Udeh was honoured for her great dedication, commitment […]

The Federal Government, in January, projected a revenue target of N10.7trillion for the 2022 fiscal year. Ahmed, who spoke during the public presentation and breakdown of the highlights of 2022 Appropriation Bill, said the figure was 32 percent higher than the N8.1 trillion projected in 2021. The bill indicated an expected N3.6 trillion in debt servicing. The […]

The Federal Government says the contribution of non-oil revenue to financing the federal budget has risen to 73 percent. In the light of this, Minister of Finance, Budget and National Planning, Zainab Ahmed, said Nigeria is in good economic standing and not broke. Speaking on Thursday at the sixth edition of President Muhammadu Buhari’s Scorecard […]