The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.
FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC to reshape mobile banking in Nigeria and other countries.
Ecobank Nigeria has announced the appointment of key Management Officers across various levels. Amongst those appointed are Kenneth Okere, who is now the Company Secretary & Chief Legal Counsel; Ibukunoluwa Oyedeji, Chief Financial Officer (CFO); Abiola Aderinola, Financial Controller; Adetokunbo Uko, Treasurer and Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control.
Trading closed positively on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation improving by N25 billion.
The average prices paid by consumers for kerosene, Automotive Gas Oil (diesel) and Premium Motor Spirit (petrol) increased in August, the Nigeria Bureau of Statistics has said.
Radio France Internationale has reported the story of a Nigerian who returned to its rightful owner $80,000 worth of bitcoins mistakenly transferred to his account. Amidst reports of some bad Nigerians, this is a story worth to share and cheer.
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says about 1.2 billion dollars worth of fish is imported into this country annually.
In line with the Central Bank of Nigeria (CBN) policy to discourage the importation of milk, four dairy products manufacturers have commenced the process for the local production of milk, an official has said.
The Central Bank of Nigeria (CBN) and governors of the 36 states of the federation on Thursday agreed to pool resources to develop the agricultural potentials in their domains and create jobs.
The Sosoliso air crash of December 10, 2005 would have been averted if the Minister of Aviation had allowed the Nigerian Civil Aviation Authority (NCAA) to shut down the Port Harcourt International Airport (PHIA) for its non-compliance with air safety.g
The Federal Government is fully aware of he importance of preserving the history of the Nigerian Railway heritage, the Minister of Transportation, Mr Rotimi Amaechi, has said.
The Manager of Benin Airport, Mr Olatokunbo Arewa, says plans are on to expand the apron of the airport as more airlines commence operations in the state.
The Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, has commenced inspection on filling stations in Bayelsa State.
Riyadh on Thursday asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country’s stocks after an attack on Saudi Aramco facilities.
Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend.
The Federal Polytechnic, Kaura Namoda in Zamfara State has been shut down as a result of students’ unrest that had paralysed the activities of the institution.
A Nigerian female accomplice of embattled P&ID firm, Mrs Grace Taiga, has been remanded in Suleja Prison according to an EFCC press statement.
A powerful typhoon hit Japan’s southern Okinawa islands Saturday, cutting power to more than 15,000 homes and grounding hundreds of flights.
Professor Biodun Ogunyemi, President, Academic Staff Union of Universities, has called on the Federal Government to send a visitation panel to universities to douse tension and prevent further breakdown of industrial relations in campuses.
Manchester City are keeping tabs on 15-year-old Turkish midfielder Altinordu midfielder Burak Ince.
President Cyril Ramaphosa of South Africa has dispatched three special envoys to seven African countries to deliver messages of pan-African unity and solidarity following xenophobic attacks in South Africa, the Presidency said on Sunday.
Commercial sex workers, known in local parlance as runs girls, in Port Harcourt, Rivers State capital, have devised a new method of operation to satisfy the high propensity of libido in men of easy virtue even as the fear of the ongoing serial killings of young ladies in hotels in some parts of the state, continue to dominate every discourse.
The automatic employment of 37 graduating students of the Yobe College of Nursing and Midwifery by the State Government has excited residents.
The Unity Party of Nigeria in Ondo State has described the security situation of the state as worrisome and disturbing.
Nigerian Communications Commission (NCC) has initiated actions to strengthen cyberspace towards protecting telecoms consumers across the country against hackers and cyber criminals that have been deploying sophisticated systems to swindle Nigerians.