President Buhari condemns attack on country home of Ohaneze Ndigbo President
President Muhammadu Buhari, has condemned the attack launched on the country home of the President General of the Ohanaeze Ndigbo, Professor George Obiozor. Speaking through his media aide, Garba Shehu on Sunday, Buhari described Obiozor as apeaceful personality and leader who didn’t deserve such a treatment. He urged the indigenes of Imo State to stay […]
Airline operators lament as fuel moved to N670 from N170 per litre
Airline Operators of Nigeria (AON) has lamented the shortage of aviation fuel which is now sold at N670 per litre from N170. The operators called on the Federal Government to step in the matter in order to save the situation. Chairman of AON, Captain Nogie Meggison, said the scarcity of the product in the past […]
Oil price finally hits $100 per barrel following Ukraine crisis
Hours after Russia carried unleashed attack on Ukraine the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market. Following a sustainable increase in demand for crude oil after the Coronavirus pandemic lockdown, it was predicted that oil prices could rise to $100 per barrel, but that did […]
Wema Bank fosters Talent Development employs over 60 young Nigerians
Wema Bank trains and employs Over 60 young Nigerians in technology to create innovative solutions in yet another demonstration of its unalloyed support for the growth and advancement of the careers of Nigeria’s teeming youths, leading innovative financial institution, Wema Bank, has employed 69 new graduates who recently completed its Bankers-in-Training Scheme. The Bankers-in-Training scheme […]
The biggest rail station in Nigeria to be built in Kano – Amaechi
Minister of Transportation, Rotimi Amaechi, says the biggest rail station in Nigeria will be built in Kano. Amaechi stated this when a delegation from Kano State, led by Gov. Abdullahi Ganduje visited him in Abuja to discuss the rail and Inland Dry Port (IDP) in the state. The minister said, ”We have two major projects […]
Flutterwave now valued at over $3bn after securing $250m funding
Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in just twelve months. The San Francisco-headquartered and Lagos-based startup raised $170 million in a Series C round from Tiger Global and Avenir at a valuation of $1 billion in March 2021. The latest financing, which confirms a Bloomberg scoop from October, brings […]
Dangote, Flour Mills planning to make life difficult for Nigerians, BUA alleges
BUA Foods has alleged that Dangote and Flour Mills were planning to make life difficult for Nigerians. This is coming as BUA said it has distant itself from creating an artificial scarcity with the aim of increasing price. BUA foods in a statement said it had gotten lots of phone calls of customers and concerned […]
Nigeria gave N3trillion loans to over four million farmers for COVID-19, says Central Bank
The Central Bank on Thursday says it has disbursed over N3trillion in intervention loans as part of efforts to facilitate economic recovery and generate employment opportunities since the wake of the Covid-19 pandemic. Governor Godwin Emefiele revealed this after a meeting of the Banker’s Committee in Abuja. “Ladies and gentlemen, to date the CBN, working […]
Trouble looms for MTN Nigeria as workers threaten strike action over inhuman treatment
Except concerns of workers of MTN Nigeria are addressed urgently, the telecommunication firm may face some troubles soon. This is like the workers under their union – Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) have accused the company of inhuman treatment and have given the telecommunication firm a 14-day ultimatum starting February 10, […]
Startups in Nigeria raise over $1.2 billion fundings in 2021
Nigerian startups raised the sum of $1.25 billion through seed and series fundings across 91 deals in 2021, with the tech sector attracting a significant portion of the funding. According to Nairametrics, the funds raised by these startups in 2021 was significantly higher than the previous year, indicating an impressive deal-making pace by Nigerian corporates. […]