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Nigerian stocks That Outperformed Bitcoin, Ethereum and Cardano In April

The recent crypto-mania has presented investors who are nervous about the stock market with key opportunities to capitalize on, through alternative investments in cryptocurrencies. The attendant effect of this led to the move which saw the total market capitalization of Bitcoin, Ethereum, Litecoin, XRP and other crypto assets surge above the $400 billion mark in […]

15 Black Billionaires In The world, Here Are The Top 10

Have you ever wondered how many black people in the world have a net worth of 1 billion dollars and above? Well, there are just 15. Black people make up less than 1% of all billionaires in the world according to Visual Capitalist. According to the latest Forbes list of the world’s billionaires, there are 2,755 billionaires […]

FG Assures Backlog of Undelivered Passports To Be Fixed Before May 31st

The Federal Government disclosed that all backlogs of undelivered passport requests would be fixed before May 31st, and announced the launch of a new passport application system, which would be aided by fast track services nationwide. This was disclosed by Minister of Interior, Rauf Aregbesola, in a press briefing with newsmen on Thursday. “On or before May […]

MTN Partners Audiomack As Subscribers Set To Enjoy Free Music Streaming

Mobile subscribers on Nigeria’s leading telecommunication brand, MTN Nigeria are set to enjoy free music streaming on their mobile devices. This is coming on the heels of the recent announcement made by the telco. The telecommunications giant has just announced a partnership with Audiomack that will see its 76 million subscribers enjoy tailored data bundles for […]

Egypt Secures $114 million Fund for Construction of Largest Solar Plant

Egypt has secured funding for the construction of its largest solar plant from a consortium of lenders which includes the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank, the Green Climate Fund and Arab Bank with ACWA Power as developer and investor. The solar plant development […]

United Nigeria Set To Establish Aircraft Maintenance Facility in Nigeria

Nigerian airlines and those operating around the West African region would soon be able to save huge cost on maintenance as an indigenous airline, United Nigeria Airline has unveiled plans to establish a Maintenance, Repair and Overhaul (MRO) base in Enugu. Chairman of the company, Obiora Okonkwo, who led the management team of the airline […]

FG Grants NLNG N20bn Tax Waiver For Construction of Bonny Bridge

The Federal Government has granted Nigeria Liquefied Natural Gas (NLNG) company N20 billion tax waiver for the construction of Bodo Bonny Bridge in Rivers State. The Federal Inland Revenue Service (FIRS) presented the road infrastructure credit certificate to NLNG in Abuja on Thursday. President Muhammadu Buhari had signed Executive Order Seven (07) in 2020 authorizing companies that […]

DPR, NERC in Fresh Plan to end Gas-to-Power Challenges

The Department of Petroleum Resources (DPR), Nigerian Electricity Regulatory Commission (NERC), Nigerian Gas Company and Nigerian Bulk Electricity Trading (NBET) Plc and other stakeholders are firming fresh plans to address the perennial challenges facing gas-fired power plants in the country. Although Nigeria has over 203 trillion cubic feet of gas, most power plants relying on […]

FCMB Shareholders Approve N2.97bn Dividend

Shareholders of FCMB Group Plc have restated their confidence in the financial institution to sustain its impressive performance and deliver more value. The shareholders gave the commendation at the eight Annual General Meeting (AGM) of the Group held Wednesday, in Lagos. They also unanimously approved the payment of a dividend of N2.97 billion, translating to […]

Nigeria Grants NLNG $52m Tax Waiver for Bodo Bridge Construction

Nigeria’s federal government has granted the Nigeria LNG Limited N20 billion (about $52m) in tax waiver for the construction of Bodo Bonny Bridge in Rivers State. The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, Thursday presented the road infrastructure credit certificate to the company in Abuja. Nami, represented by Coordinating Director, Tax […]

‘Nigeria Exports to Indonesia over $700m’

Director of the Indonesian Trade Promotion Centre, Hendro Jonathan, said Nigeria exported goods worth 700 million dollars to Indonesia last year. He explained that while Nigeria’s total export to the Asian country was $700 million, its import from Indonesia $300 million. He described the trade volume as a positive growth sign for both countries, adding […]

Concerns over Extortion as Express Passport Centre Opens

The Federal Government may have a good intention in conceiving the new 24-hour passport processing centre. But barely a month of the pilot phase at the Federal Capital Territory (FCT), Abuja, residents have raised fear over official bureaucracy and extortions, TINA ABEKU reports. It is barely a month into the launch of the 24-hour express […]

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