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Bank of Industry issues 30 days ultimatum for pending loan applications

The Bank of Industry (BoI) has issued a 30-day ultimatum to its customers to complete their documentations, as part moves to reduce its turnaround time for loan applications.

Kwara cassava farmers yet to benefit from N1bn federal govt agric loan

The Kwara Chapter of Cassava Growers Association of Nigeria on Friday said its members had not benefitted from the N1 billion Federal Government Agriculture Loan Scheme in the state.

Enugu DisCo restrategises for effective service delivery

The Enugu Electricity Distribution Company (EEDC) says it is re-strategising for better and effective service delivery to customers in the South East.

Tesla unveils electric truck and $200,000 sports car

Tesla upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.

Qatar fixes minimum wage at $200

Qatar has set a temporary minimum wage for migrant workers worth around $200 a month, aside from free accommodation.

Middle East, US crude oil curbs Indian appetite for African supplies

India’s imports of African crude oil in October plunged to their lowest in over four years, with the world’s No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.

Ajaokuta Steel belongs to federal govt – Kayode Fayemi

The Ministry of Mines and Steel Development has debunked the media reports, credited to one Dr S.O. Nwanbuokei, a director of Global Steel Holdings Limited (GSHL) that the protracted litigation surrounding the ownership of the Ajaokuta Steel Complex had not been resolved.

Why Nigerian SMEs die early – Tony Elumelu

Mr. Tony Elumelu, the Chairman, Heirs Holdings, on Thursday, blamed multiple taxes and levies from government for the death of about 95 per cent of Small and Medium Enterprises (SMEs) within their first one year of operation in Nigeria.

Multiple taxation kills 95% of small businesses in Nigeria – Tony Elumelu

Tony Elumelu, chairman of Heirs Holdings, says multiple taxations and levies kill 95 percent of small and medium scale businesses in Nigeria.

Federal govt nears deal with Boeing, Airbus on national carrier

The Minister of State for Aviation, Sen. Hadi Sirika, says that the Federal Government is set to sign a Memorandum of Understanding with Boeing on the establishment of a national carrier for Nigeria.

Average price for petroleum product increases in October – NBS

The National Bureau of Statistics (NBS) said the average price paid by consumers for Premium Motor Spirit (Petro) increased by 0.1 per cent year-on-year and 1.0 per cent month-on-month in October.

Seamless port operation critical to end Apapa gridlock – Governor Ambode

Governor Akinwunmi Ambode of Lagos State, on Thursday, identified seamless port operations as a condition that would enable permanent resolution of the Apapa gridlock.

Oil rises amidst expected extension of OPEC cuts

Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories.

Made-in-Nigeria cables are world class – SON chief

The Director General/CEO of Standard Organisation of Nigeria (SON), Mr. Aboloma A. Osita, has said that some made in Nigerian products are world best and that Nigerians should not be afraid of her products and services.

Minister Kemi Adeosun, Dutch textile firm in talks over investments in Nigeria

A fresh hope of boosting the nation’s moribund textile industry may be in the horizon as talks over proposed investment in Nigeria by a Dutch company are ongoing at the Presidency.

Nigerian content board empowers local oil entrepreneurs with facilities

The Nigerian Content Development and Monitoring Board (NCDMB) has released N7.2 billion for disbursement to local oil entrepreneurs with a view to boosting their participation in the oil business.

Ex-CBN deputy chief Kingsley Moghalu urges federal govt to partially privatise NNPC

Despite effort by the current administration to diversify the nation’s economy, a former Deputy Governor of the Central Bank of Nigeria, CBN, Mr. Kingsley Moghalu, has urged the Federal Government to partially privatize the Nigerian National Petroleum Corporation, NNPC.

Federal govt pays N60 billionn MDA’s electricity debt

The Minister of Power, Works and Housing, Babatunde Fashola, yesterday stated that the federal government has paid over N60 billion out of the N70 million verified MDA’s electricity debts.

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Tokyo 2020 Olympic boxing qualifiers to begin with African event in Senegal

A total of 33 places in the boxing tournament at Tokyo 2020 will be up for grabs at the African Olympic qualifier beginning in Dakar tomorrow.

Expert wants appropriate monetary policy tools to check rising inflation rate

Mr Emmanuel Atama, the Executive Secretary of the National Cooperative Financing Agency of Nigeria (CFAN), has appealed to the Central Bank of Nigeria (CBN) to use appropriate monetary policy tools to check rising inflation rate in the country.
Senator Hope Uzodinma as Governor of Imo State

Governor Uzodinma visits President Buhari, seeks refund of N32 billion

Imo State Governor, Hope Uzodinma, has sought a refund of over N32billion his predecessors spent on Federal Government’s projects, especially on roads in the state.
Singapore, on Tuesday announced its 2020 budget, pledging 5.6 billion Singapore dollars (or 4.02 billion U.S. dollars) to assist businesses and households affected financially by the coronavirus outbreak.

Coronavirus: South Korea reports first death; cases soar to 104

South Korea reported its first death from the new coronavirus on Thursday, with 53 new cases of the coronavirus confirmed in a single day to bring the total to 104.
Thailand’s Constitutional Court has ruled that existing laws criminalising abortion are unconstitutional and ordered them to be amended, paving the way for clearer regulation for reproductive rights.

Thai court says anti-abortion laws unconstitutional

Thailand’s Constitutional Court has ruled that existing laws criminalising abortion are unconstitutional and ordered them to be amended, paving the way for clearer regulation for reproductive rights.