The Nigerian Exchange (NGX) closed positive on Thursday as bulls took control of the trading session, thereby marginally driving the local bourse’s performance upswing. At the end of the stock buying and selling session, the All-share Index (ASI) appreciated by 0.29% to close at 52,752.96 points just as the market capitalization grew by N84 billion […]
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Shell Mulls Sale Of UK Energy Supply Business
Shell Plc is reportedly considering selling its UK energy supply business after injecting £1.2 billion into the loss-making division to help it cope with rocketing gas and electricity prices. News report on Thursday from The Telegraph, UK-based newspaper, quoted the company as saying that it has launched a strategic review of the business, which supplies […]
Ajaokuta Concession: FG To Complete Final $50Mn Payment In February
The Minister of Information and Culture, Mr. Lai Mohammed, has disclosed that the Federal Government has concluded arrangement to make final $50 million payment next month to finalize the concession of the $496 million Ajaokuta Steel Company. The minister, in a statement apparently issued to debunk comments recently made by Atiku Abubakar, the PDP presidential […]
Nigeria To Save Over £750Mn Yearly From Revised UK Import Tariffs
The UK Government has estimated that following the latest downward review of tariffs and extended duty free trade in goods exported from Nigeria to United Kingdom, Nigeria will yearly save over £750 million in export charges. The UK Deputy British High Commissioner to Nigeria, Mr. Ben Llewellyn-Jones, who made this disclosure during the launch of […]
AfDB Announces New $10Bn Food Security Support For Africa
…As Buhari canvasses more support for farmers The African Development Bank Group (AfDB), on Wednesday hinted of its plans to commit $10 billion over the next five years to boost Africa’s efforts to end hunger in the continent and transform it into a primary food provider for itself and the global community. The […]
CBN, NIBSS Unveil Nigeria’s National Payment Card, AfriGo
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) on Thursday unveiled Nigeria’s maiden national payment card, AfriGo, in furtherance of their collective drive towards fully digitalizing the nation’s financial system. The AfriGo card, which will function like other international payment cards, according to the partners, is designed to deepen the apex […]
NGX Closes Negative, As Capitalization Dips By N32Bn
The Nigerian Exchange (NGX) closed negative on Wednesday as bears dominated the trading session, thus marginally driving down the broad market’s performance. At the end of the stock buying and selling session, the All-share Index (ASI) depreciated by 0.02% to close at 52,599.65 points while the market capitalization declined by N32 billion to close at […]
FG Vows To Ban Aviation Workers’ Industrial Actions
The Federal Government on Wednesday said it would no longer condone incessant industrial actions by aviation workers around the airports despite the important roles they are playing in the industry. To curb the strikes by the workers, the government vowed to begin to enforce the Civil Aviation Act (2022) section, disallowing employees from embarking on […]
Data Privacy Week: Bureau To Open Data Breach Remediation Unit
The Nigeria Data Protection Bureau (NDPB) has unveiled plans to set up an Accelerated Data Protection Remediation unit to address petitions from data users, especially those who feel that their data have been breached by any organisation to present their case for speedy resolution. According to the Bureau, the unit will operate during the National […]
FG Inaugurates Groups For National Digital Skills Strategy Drive
The Federal Government has inaugurated the Volunteers Expert Groups (VEGs) for the National Digital Skills Strategy (NDSS) as part of its sustained drives to digitalize the nation’s economy. The National Information Technology Development Agency (NITDA) Director-General, Kashifu Inuwa , who inaugurated the groups on behalf of the government, explained that the groups were set up […]