archiveOctober 2019

Doctoora, a health tech startup, has emerged winner of the #NES25 (25th National Economic Summit) Startups Pitch Competition powered by Sterling Bank. The health tech startup got a grant of ₦5 million while runners-up Tiny Hearts Technology and Loystar got ₦3 million and ₦2 million, respectively, in grants as second...

  The Nigerian Stock Exchange (NSE) is pleased to announce the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list, by Debt Management Office (DMO) on Monday, October 14, 2019. The 7-year Green bond issued at coupon rate of 14.50% on June 13,...

The Federal Government has expressed serious concerns over the rising unemployment rate in the country, saying that over 15 million Nigerians are looking for white collar jobs. Minister of Labour and Employment, Dr. Chris Ngige, who expressed this concern in an interview with some journalists in Enugu on Monday, said...

  The Peoples Democratic Party (PDP), on Monday, said that the violent attack by members of the All Progressives Congress (APC) on its embattled National Chairman, Adams Oshiomhole, has further confirmed that the dysfunctional APC has finally disintegrated. In a statement made available to newsmen in Abuja by its National...

The Comptroller-General of Nigeria Customs Service (NCS), retired Col. Hammed Ali, said operatives of the ongoing Joint Border Security had seized items worth N1.4 billion since the partial closure of borders. Ali disclosed this during a joint news conference with his counterpart from the Nigeria Immigration Service, Mr Mohammed Babandede,...

A Lagos-based consumer group, Energy Consumer Rights and Responsibilities Initiative on Monday said it was in support of a move by the Nigerian Electricity Regulatory Commission (NERC) to cancel the licences of eight electricity Distribution Companies (DisCos) for alleged breach of rules. The group also called on NERC to urgently...

  The Nigerian Communications Commission (NCC) says it is committed to clamping down on the sale and usage of pre-registered SIM cards in the telecommunication industry. The Southeast Zonal Controller of the commission, Mrs Emilia Nwokoro, disclosed this on Monday, when she paid a courtesy visit to the zonal office...

  The Central Bank of Nigeria (CBN) on Monday said the country’s financial inclusion rate stood at 63.2 per cent in 2018. The bank said this in the 2018 Annual Report on the National Financial Inclusion Strategy Implementation posted on its website. The CBN said the figure showed a marginal...

  Niger Republic has banned the exportation of rice to Nigeria following the closure of Nigeria’s borders. Since August 20, 2019, Nigeria has closed its borders in four geopolitical zones across the country, which include South-South, South-West, North-Central and North-West. In his address during a joint press briefing in Abuja...

The Central Bank of Nigeria has appealed to members of Rice Millers Association of Nigeria and other stakeholders in the rice value chain not to increase the price of rice over border closure. Mr Godwin Emefiele, the CBN governor said this in a statement issued and made available to newsmen...