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The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August from N2,01.45 recorded in July.

Nigerian government to inject into market 10 million cooking gas cylinders in a year

The Federal Government will inject five to 10 million Liquefied Petroleum Gas (LPG) gas cylinders into the market in the next one year, according to Mr Dayo Adeshina, Programme Manager, National LPG Expansion Implementation Plan.
Sony has just invested another $200 million in Epic Games as part of a $1 billion funding round, Epic announced today. Over a dozen investors contributed toward the funding round, which valued the Fortnite developer at $28.7 billion.

Sony invests another $200 million in Epic Games

Sony has just invested another $200 million in Epic Games as part of a $1 billion funding round, Epic announced today. Over a dozen investors contributed toward the funding round, which valued the Fortnite developer at $28.7 billion. That’s over $10 billion more than Epic Games’ estimated value at the time of Sony’s major investment last July.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin hits record high above $62,000

Bitcoin hit a record high, soaring past $62,000 on Tuesday as the cryptocurrency exchange Coinbase prepares to launch shares on Wall Street.

Minister: Rail transportation awakening giant to help run government

Mr Rotimi Amaechi, Minister of Transportation, on Tuesday described the rail mode of transportation as the awakening giant that would run government.
The Nigeria Investment Promotion Commission (NIPC) has restated its commitment toward promoting Nigeria’s investment opportunities.

NIPC: Lagos is seventh fastest growing city globally

The Nigerian Investment Promotion Commission (NIPC) says Lagos state is the seventh fastest-growing city in the world, with the highest Gross Domestic Product (GDP) and Internally Generated Revenue (IGR) in Nigeria.
Nigeria Naira

Analysts: Printing currency could hurt economy

Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.

Minister urges collaboration between National Assembly, finance ministry to strengthen public investment

The task of strengthening public investment will come easy with commitment, loyalty and collaborations between the National Assembly and the Ministry of Finance, Budget and National Planning.
Ecuadorean banker Guillermo Lasso and his wife Maria de Lourdes Alcivar react after Lasso wins the presidential runoff vote, in Guayaquil, Ecuador April 11, 2021. REUTERS/Maria Fernanda Landin

Ecuador shuns socialism with Lasso’s surprise election

Ecuadorean banker Guillermo Lasso unexpectedly won the nation’s presidency on promises to revive an economy battered by coronavirus as his rival’s vows of a return to socialist largesse failed to win over a skeptical electorate.

IMF urges governments to prioritize health care spending

The International Monetary Fund (IMF) has said while the pandemic continues, governments’ policies should first focus on escaping the crisis, prioritizing health care spending, providing well-targeted fiscal support, and maintaining accommodative monetary policy while monitoring financial stability risks.
A Nigerian firm, the Mercury Maritime Concession Company (MMCC), has proffered a solution to the congestion at the nation’s seaports and related traffic gridlock in Lagos.

Firm offers solution to gridlock, port congestion

A Nigerian firm, the Mercury Maritime Concession Company (MMCC), has proffered a solution to the congestion at the nation’s seaports and related traffic gridlock in Lagos.

Uganda, Tanzania, oil firms sign accords to build $3.5 billion pipeline

Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets
FILE PHOTO: European Union High Representative for Foreign Affairs Josep Borrell attends a news conference after a EU-Georgia association council in Brussels, Belgium, March 16, 2021. REUTERS/Yves Herman/Pool/File Photo

China, Russia undermine international Myanmar response – EU’s top diplomat

The European Union’s top diplomat said on Sunday Russia and China were hampering a united international response to Myanmar’s military coup and that the EU could offer more economic incentives if democracy returns to the country.
Nigeria’s oil and gas industry has lost huge investments due to the non-passage of the Petroleum Industry Bill (PIB), Governor Ifeanyi Okowa of Delta State has said.

Delta governor seeks policies to improve food nutrition in South-South

Chairman of South-South Governors’ Forum and governor of Delta State, Dr. Ifeanyi Okowa, has advocated the need for the relevant organs to come up with policies to improve food nutrition in the entire region.
The Speaker of Ekiti State House of Assembly, Mr. Funminiyi Afuye, stated this in Ibadan at the opening of a three-day training workshop for Members of the Ekiti State House of Assembly, Ministries, Departments and Agencies (MDA’s) and Civil Society Organizations (CSOs).

Ekiti government expresses commitment to promoting peaceful coexistence in the state

The Ekiti State Government has said it is committed to creating an enabling environment for intervention of donor agencies towards improving the well-being of the people of the state.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

Africa seeks $25 billion for climate adaptation, green recovery

African nations aim to double funding for climate change adaptation projects to $25 billion over five years as they look to foster a green recovery from the economic damage wrought by the coronavirus pandemic.

SEC warns of unregistered online platforms

The Securities and Exchange Commission on Thursday warned the investing public to tread with caution as there are several unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets.
Mr Adeniyi Adebayo, the Minister of Industry, Trade and Investment, says the Federal Government has initiated a process to revive the collapsed industries in Kano State.

Minister: Nigerian government determined to lift country out of poverty, unemployment

The Federal Government says it is determined to do all it entails to lift the country out of poverty and unemployment.
Governor Nasir Ahmad El-Rufai of Kaduna State has reacted to the new the killing of six children and a woman in some herders’ settlements in the Kaura and Lere Local Government Areas of the State.

Kaduna governor: Bandits have lost rights to life, must be wiped out

Gov. Nasir El-rufai of Kaduna State says bandits terrorising Nigeria have lost their rights to life under the constitution and must be wiped out.
Canada’s top banks are shedding workers for the second straight year, moving toward leaner operations to satisfy investors demanding returns on tens of billions of dollars that lenders have poured into new technologies.

Canadian banks shrink workforce to cover big tech investments

Canada’s top banks are shedding workers for the second straight year, moving toward leaner operations to satisfy investors demanding returns on tens of billions of dollars that lenders have poured into new technologies
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF urges sub-Saharan Africa to increase tax revenues, others

The International Monetary Fund (IMF) has urged countries in Sub-Saharan Africa to do more domestically to increase tax revenues and improve the quality of spending.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF, World Bank advocate flexible fiscal support, debt relief

Against the backdrop of a pandemic impacted global and national economies, the International Monetary Fund (IMF) and World Bank have urged fiscal authorities to execute flexible and supportive fiscal policies to support economic recovery and cushion the long-term impact of the pandemic.
Governor Godwin Obaseki of Edo State on Sunday received the festival torch of the 20th National Sports Festival.

National Sports Festival will rebirth Edo’s sporting heritage – deputy governor

Edo State deputy governor, Comrade Philip Shaibu, says the ongoing 20th National Sports Festival tagged ‘Edo 2020 Games’ is essentially an opportunity to relaunch the state’s rich sporting heritage.

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The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Nigeria’s senate president, others bag NIS fellowship award

Senate President, Ahmed Lawan, and the governor of Lagos State, Babajide Sanwo-Olu, were on Wednesday in Abuja presented with the Honourary Fellowship Award of the Nigerian Institution of Surveyors (NIS) alongside a former Minister of Defence, Brig-General Mansur Dan-Ali (rtd) and the Emir of Nasarawa, HRH Alh. Ibrahim Usman Jibril, at the institution’s 2021 investiture ceremony.
The Chairman of the Board of Trustees of the Tertiary Education Trust Fund, TETfund, Alhaji Kashim Ibrahim-Imam, on Wednesday said he and the Executive Secretary of the Fund, Prof. Suleiman Bogoro, took the suspension of the Vice Chancellor, University of Lagos, UNILAG, Prof. Oluwatoyin Ogundipe, personal when he was suspended by the Governing Council of the institution last August.

Official: TETFund spends N120 billion on academic staff training since 2008

Academic Staff from public institutions across the country have so far accessed over N120 billion for training, within and outside Nigeria, from the Tertiary Education Trust Fund (TETFund) since its inception in 2008.
As children across Nigeria join their world counterparts to celebrate Children’s Day, Governor Muhammadu Inuwa Yahaya of Gombe State has called on parents, community leaders, teachers and all involved in children’s upbringing to take mentoring seriously and provide them with a good leadership example.

Payroll fraud: Gombe approves N1.49 billion for biometric system installation

The Gombe State Government has approved the sum of N1.499 billion for the supply and installation of biometric attendance system to check payroll fraud in the state’s civil service.
All Progressives Congress (APC) Nigeria

2023: APC disowns viral zoning arrangement

The national caretaker/extraordinary convention planning committee (CECPC) of the ruling All Progressives Congress (APC) has disowned a zoning arrangement list in circulation on the social media.
Euro 2020 is almost certain to be postponed in the wake of the coronavirus pandemic sweeping across the globe.

UEFA confirms Rome as Euro 2020 host city

Rome’s Stadio Olimpico has been “fully confirmed” as a venue for Euro 2020 matches after the Italian government guaranteed the presence of at least 25 per cent of fans, UEFA announced on Wednesday.

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PFN: We’re ready to support law enforcement agencies

The Pentecostal Fellowship of Nigeria has expressed readiness to collaborate with the police and other security agencies in the land in a bid to address the growing insecurity.
People observe flowers outside Windsor castle, after Britain's Prince Philip, husband of Queen Elizabeth, died at the age of 99, in Windsor, near London, Britain, April 11, 2021. REUTERS-Henry Nicholls

Snow in Windsor as Queen Elizabeth ponders ‘huge void’ after death of Prince Philip

A spring snow storm struck Windsor Castle on Monday where Queen Elizabeth pondered the huge void left by the death of Prince Philip, her husband of 73 years.
FILE PHOTO: U.S. President Joe Biden speaks about jobs and the economy at the White House in Washington, U.S., April 7, 2021. REUTERS/Kevin Lamarque

Joe Biden set to withdraw U.S. troops from Afghanistan by Sept. 11

President Joe Biden plans to withdraw the remaining 2,500 U.S. troops from Afghanistan by Sept. 11, 2021, 20 years to the day after the al Qaeda attacks that triggered America’s longest war, U.S. officials said on Tuesday.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Legislative workers meet National Assembly management, shelve strike

The National Assembly management and staff of the federal parliament finally resolved their grievances on Tuesday.
Interim Controller-General, Nigeria Correctional Service (NCoS), John Mrabure, has charged officers of the service to strengthen security-watch over custodial centres across the country.

Imo jailbreak: NCS releases names, photos of escaped inmates

The Nigerian Correctional Service has released the names and photos of some of the inmates who escaped from the Owerri Custodial Centre in Imo State on April 5.