Bitcoin nosedive due to fear

Fears grew of a regulatory crackdown has forced the Bitcoin to slid as much as 14 per cent on Tuesday to hit a four-week low below $12,000.

Bitcoin nosedive due to fear

Fears grew of a regulatory crackdown has forced the Bitcoin to slid as much as 14 per cent on Tuesday to hit a four-week low below $12,000. The fear was fuelled with reports that South Korea was planning to ban trading in cryptocurrencies. South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon had […]

Shoprite workers set for strike

Workers at South Africa’s Shoprite will go on a one-day strike on Friday to protest a change in working hours, their union said on Wednesday

Shoprite workers set for strike

Workers at South Africa’s Shoprite will go on a one-day strike on Friday to protest a change in working hours, their union said on Wednesday About 30,000 workers will down tools during the strike, Mike Tau, an official of the South African Commercial, Catering and Allied Workers Union said. He said a full-blown strike would […]

Transporters Companies sealed by LASG

The Lagos State Government on Tuesday sealed off the premises of Chisco Transport, Ifex Express Limited, and GUO Transport, among other major commercial transport operators in Jibowu area of Yaba, Lagos.

Transporters Companies sealed by LASG

The Lagos State Government on Tuesday sealed off the premises of Chisco Transport, Ifex Express Limited, and GUO Transport, among other major commercial transport operators in Jibowu area of Yaba, Lagos. The Permanent Secretary, Ministry of Transportation, Olufemi Salami who ordered the seal-off with the approval of the Acting Commissioner for Transportation, Anofiu Elegushi, said […]

Sell pressure forces NSE market capitalisation to loses N120b

Trading opened on the Nigerian Stock Exchange (NSE) for the week on Monday on a negative note with the market capitalisation shedding N120 billion amid profit taking.

Sell pressure forces NSE market capitalisation to loses N120b

Trading opened on the Nigerian Stock Exchange (NSE) for the week on Monday on a negative note with the market capitalisation shedding N120 billion amid profit taking. The News Agency of Nigeria (NAN) reports that market capitalisation, which opened at N13.672 trillion, lost N120 billion or 0.89 per cent to close at N13.913 trillion following price loses. […]

FG releases N1.2trn for 2017 capital expenditure

The Federal Government will release this week additional N750 billion for capital projects to ministries, departments and agencies (MDAs) of government as contained in the 2017 budget, Minister of Finance, Kemi Adeosun, said.

FG releases N1.2trn for 2017 capital expenditure

The Federal Government will release this week additional N750 billion for capital projects to ministries, departments and agencies (MDAs) of government as contained in the 2017 budget, Minister of Finance, Kemi Adeosun, said. Government had earlier this year released N450 billion for the capital projects. Adeosun, gave indication of the fresh release at a meeting […]

Awosedo in smear campaign over receivership of his estates

A former consultant to one of the banks that offered facilities to a private estate developer, Mr. Olajide Awosedo of Grant Properties has condemned as sheer smear campaign

Awosedo in smear campaign over receivership of his estates

A former consultant to one of the banks that offered facilities to a private estate developer, Mr. Olajide Awosedo of Grant Properties has condemned as sheer smear campaign his recent statements published in some online platforms that he was being persecuted. Recently, Awosedo’s estates were put under receivership by a Federal High Court in Lagos, […]

Dangote offloading assets; sells noodle plants for $12m to Indomie

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines

Dangote offloading assets; sells noodle plants for $12m to Indomie

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines to rival pasta maker De United Foods Industries for N13.75 billion ($12.26 million), the company said on Tuesday. De United said it has signed an agreement with Dangote Noodles to buy plants at its Ikorodu and Calabar factories. It […]

N305/$1… 12 things to know about Budget 2018

President Muhammadu Buhari presented a budget proposal of N8.6 trillion before a joint session of the national assembly on Tuesday.

N305/$1… 12 things to know about Budget 2018

President Muhammadu Buhari presented a budget proposal of N8.6 trillion before a joint session of the national assembly on Tuesday. Tagged: ‘Budget of Consolidation’, Buhari expressed optimism that the budget would transform the country for the better. He appealed to members of the national assembly to treat the budget estimate with all seriousness so that the […]

$250m World Bank grant for Nigerian youths about to be looted

The World Bank said that Nigeria had so far accessed less than US$50 million out of the US$300 million earmarked by it for youth empowerment and other social works in the country.

$250m World Bank grant for Nigerian youths about to be looted

The World Bank said that Nigeria had so far accessed less than US$50 million out of the US$300 million earmarked by it for youth empowerment and other social works in the country. The World Bank’s Nigeria Lead Social Protection Specialist, Mr Foluso Okunmadewa said this on Monday in Abuja at the Youth Employment and Social Support […]

Our economic strategy will fast-track development — FG

Finance Minister, Mrs. Kemi Adeosun has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track her development.

Our economic strategy will fast-track development — FG

Finance Minister, Mrs. Kemi Adeosun has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track her development. The Minister, who welcomed the advice of Nigeria’s international development partners, including the International Monetary Fund, said the strategy would achieve a number of objectives that included […]

1 2 3 48