Business

The National Broadcasting Commission (NBC) today came hard on 52 broadcast media houses in Nigeria as it revoked their licenses and ordered them to shut down in the next 24 hours.  The Director-General of NBC, Malam Balarabe Ilelah, who…

Isaac Ombe, Yenagoa The Bayelsa State Government has given a breakdown of its total expenditure and inflow for the months of May and June 2022. The total receipts after FAAC deductions amounted to about 41.6 billion in the months of…

Aliko Dangote, Africa’s richest man and chairman of Dangote Industries has been named the pioneer Chair of the National End Malaria Council (NMEC), a body established to eliminate the scourge of malaria in the country.  The National End…

Emeka Okoroanyawu The last may not have been heard on the acquisition of the $1.3 billion worth of shares of Mobil Producing Nigeria Unlimited by an indigenous oil company, Seplat Energy offshore Limited. This follows a surprise…

Leading Electronics Manufacturer, Binatone Industries has launched into the Nigerian electronics market, a new range of rechargeable fans with a lithium-ion battery and mosquito repellant and an ultra-modern aluminium blade Orbit fan.…

The top messaging platform, WhatsApp has sent out tough warnings to its over two billion users if they send certain kinds of messages on the platform. Reports say that sending banned or restricted messages on the platform could result in…

By Emeka Okoroanyanwu Commercial banks in the country have been hit by acute shortage of foreign currencies especially the United States dollar and British Pound Sterling. This is even as the Naira still lost today in the foreign…

Emeka Okoroanyawu Godwin Emiefele, Governor of the Central Bank of Nigeria (CBN) has blamed corruption in the system as the key factor, fuelling the high exchange rate and scarcity of foreign exchange in the country. He fingered the…

The Nigeria Employers’ Consultative Association (NECA), on Sunday in Lagos, raised the alarm that the nation’s economy was on the brink of collapse. The NECA, therefore, warned that spiralling inflation, rising energy cost, scarcity of…

Emeka Okoroanyawu The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Liquefied Natural Gas (NLNG) have agreed to set up a working committee meeting regularly to ensure improved liaison between both…