PDP threatens Umahi with suspension over anti party activities

The national leadership of the People’s Democratic Party, PDP, has threatened the Ebonyi State governor, Engr. David Umahi with suspension over allegations of mounting...

Edda community in Lagos holds reception, endorses Ogbuoji

Nzuko Edda, Lagos, the congregation of Edda people in Lagos on Saturday at the event to mark their end of the year activities endorsed...

Nigeria approves 2 PPP projects to boost trade across border

The Federal Government of Nigeria, in its effort to ease trade across border, has approved the Full Business Case (FBC) Certificates for the Warehouse...

Nigeria creates licensing regime to regulate fintech

Nigeria’s financial regulators took a bold step recently to enforce control of the fledgling fintech industry with the release of guidelines on the operations...

GE launches e-learning portal at a Lagos garage

In line with its commitment to skills development and the empowerment of entrepreneurs in Nigeria, GE (www.GE.com) (NYSE: GE), the world’s premier digital industrial company,...

Ebonyi’s absence as only non-participating state at national sports festival a disgrace, says Ogbuoji

  The Ebonyi State APC gubernatorial hopeful, Senator Sonni Ogbuoji has described as pathetic and a disgrace the absence of Ebonyi at the national sports...

Lagos first start-up competition featuring 15 teams announces judges

    Startup Battlefield Africa in Lagos, Nigeria, is coming up fast. As usual, we have a great lineup of panels that will include investors and founders...

China to release new negative list for investment

  By Chu Daye, Global Times   China's soon-to-be-released national market-entry negative list will further ease concerns among China's investment partners as the new list will provide...

Trade war truce; China starts implementation of IPR, urges US to respect industrial upgrade...

  By Yang Sheng, Global Times   As Chinese government agencies signed a memorandum of cooperation to strengthen protection of intellectual property, China immediately began to implement...

NNPC laments over $800m revenue loss to contract breaches

The Nigerian National Petroleum Corporation (NNPC) Wednesday said it lost over $800million revenue to all the stakeholders owing to breaches of contracts of its...

Naira eases as CBN sells $210m on FX market

Nigeria’s central bank said on Tuesday it had injected $210 million into the currency market to increase liquidity after the naira weakened by 1...

Nigeria govt anchor borrowing project generates 2.5 million

The Governor of CBN, Godwin Emefiele, disclosed this at the annual bankers' dinner over the weekend. ABP, an agricultural programme, was launched by President Muhammadu...

$15,000 special Xmas intervention sale to BDCs begins Thursday

  The $15,000 weekly Yuletide special intervention foreign exchange (forex) sales to Bureau de Change (BDC) operators commences tomorrow, the Central Bank of Nigeria (CBN)...

Nigerian oil marketers strike threat over subsidy flops

Indications emerged yesterday that the seven days strike threat oil marketers gave the Federal Government to settle their N800billion fuel subsidy may not hold...

NASS commends NNPC for fuel availability during yuletide

    The Nigerian National Assembly has commended the Nigerian National Petroleum Corporation on the strategies deployed so far to make petroleum products available to Nigerians...

Study of Chinese language, culture is new rave in Portugal

  By Feng Xuejun, Zhang Yuannan, People’s Daily Chinese President Xi Jinping depicted the deep friendship between Chinese and Portuguese in his signed article titled "A...

Xi’s Portugal visit to expand cooperation under Belt and Road framework

  Chinese President Xi Jinping’s state visit to Portugal is expected to expand pragmatic cooperation between China and Portugal under the framework of the Belt...

Number of irregular immigrants reaching Spain more than doubles as at Nov. 2018

The number of irregular immigrants traveling to Spain continues to rise, with 59,048 reaching the country in the southwest of Europe during the first...

NNPC CEO seeks investors to unlock 10bn barrels deep-water resources

    Ongoing drive by the Nigerian National Petroleum Corporation (NNPC) to increase Nigeria’s crude oil reserve was taken a notch higher yesterday with the unveiling...

NNPC denies plans to retrench staffers en masse

The Nigerian National Petroleum Corporation (NNPC) has reiterated that there was no plan to carry out mass retirement of staff. The Group Managing Director of...

Shell signs gas supply agreement for Aba power project

  The Shell Petroleum Development Company of Nigeria (SPDC) and its joint partners at the weekend signed a gas supply and aggregation agreement that will...

AFDB okays fresh $200m for Nigeria’s power sector

  The Federal Government has secured a loan of $200 million to fund its electrification project. The African Development Bank (AfDB) Group yesterday said it provided...

Nigeria certifies Cross River garment factory’s products for export

  The federal government has granted licence to the Cross River State Garment Factory to export its products. This follows the export registration certificate to the...

Nigeria, ICAO plan aerospace university, aviation security upgrade

  The Federal Government says it will be partnering with the International Civil Aviation Organisation, a specialised agency of the United Nations on aviation, to...

Aero unveils training school for manpower development

  Nigeria’s oldest airline, Aero Contractors has launched a training school to end the dearth of skilled manpower in the aviation industry. The training school slated...

NNPC engages DMO, finance ministry to avert depots shutdown

The Nigerian National Petroleum Corporation (NNPC), Monday began engagement with the Federal Ministry of Finance, Debt Management Office (DMO), Major Oil Marketers Association of...

SEC launches Green Bonds issuance rules

The Securities and Exchange Commission (SEC) on Monday officially launched the Green Bonds Issuance Rules to support the development of a Non-Sovereign Green Bond...

Bumpy road ahead for naira over hazy indicators

  The next three months will be tough for the naira against foreign currencies. The impact of the weekly dollar interventions by the Central Bank...

How Nigeria can avoid a repeat of the economic slowdown of 2016/2017

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele seized the opportunity of the annual bankers dinner to share his view on some...

China’s OnePlus ramping up to play in the high-end smartphone segment

  Imagine a quiz question that goes something like this: Which Chinese smartphone brand commands a user community of more than 5 million members from...

NNPC clarifies on Trans Forcados pipeline surveillance contract

  The management of the Nigerian National Petroleum Corporation (NNPC) has proffered informed perspective on the reported award of oil infrastructure surveillance contract to an...

Ebonyi APC guber hopeful, Oigbuoji rolls out campaign, pledges service, inclusive leadership

The Ebonyi State APC guber candidate, Senator Sonni Ogbuoji on Sunday flagged off his campaign for the state government house. At the inaugural press conference...

Coal question looms large as global climate talks begin in Poland

Negotiators from around the world opened the United Nations' annual climate change conference Sunday in a Polish city built around mining coal, widely seen...

Nigeria to partner African countries is use of ocean resources

  The Federal Government of Nigeria has expressed its readiness to cooperate with sister countries and development bodies to advance Africa’s prosperity through the safe...

Nigeria’s central bank new special Forex sale to impact on liquidity

Operators of Bureau de Change in the country have applauded the decision of the Central Bank of Nigeria (CBN) to offer them a new...

Nigerian market indices depress further over persistent free fall in equity prices

  The continued free fall in equity prices, which indicates a low buying interest among the investor-community, has resulted to another significant decline in the...

NCC says Telcos to roll out 5G services

The Nigeria Communications Commission (NCC) at the weekend said telcos will roll out 5G services by 2020. Its Executive Vice-Chairman/CEO, Prof Garba Umar Danbatta, who...

Facebook hosts TechCrunch Africa startup talent hunt in Lagos

In line with its commitment to growing Africa’s technology start-up ecosystem and its passion for developing diverse, young talent, Facebook is returning as the...

African Economic Conference opens in Rwanda, targets continent’s integration

  For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking...

Qatar to quit OPEC next month after 57 years with organization

  Qatar announces it is withdrawing from the Organisation of Petroleum Exporting Countries (OPEC) effective January 1, 2019.  Minister of State for Energy Affairs, H E...

How the unbanked Nigerian citizens access financial services

  Nigeria today has 21 commercial banks, 942 microfinance banks, and numerous financial technology (fintech) and mobile money operators, yet the Nigerian adult population is...

Nigeria central bank’s new licence downgrades Diamond Bank to local status

  The Central Bank of Nigeria (CBN) has granted Diamond Bank approval to In a statement at the weekend, CBN said the move followed Diamond...

China’s global edge in the tech race driven by vast amounts of data

  Just over 1.4 billion people live in China. That's a fifth of the world's population and four times as many people as the United...

How China tech companies started going global

    China's tech barriers have come down in recent years, especially for homegrown companies expanding abroad. Benjamin Harburg, managing partner of MSA, a Beijing-based Venture Capital...

China, US trade truce to breathe life back into scuttled $44b Qualcomm-NXP deal

Chinese President Xi Jinping indicated he's open to approving a renewed deal for Qualcomm to buy chip rival NXP in trade talks with President...

How technology is changing rural China everyday

In a nation of nearly 1.4 billion, ensuring there's efficient health care and education is a tall order for China. Especially in some of...

U.S., China declare 90-day halt to new tariffs

  China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching...

Trump expected to play the unexpected role of diplomat in Buenos Aires

  President Trump will play the role of a dutiful diplomat at a global economic summit this weekend, his schedule jammed with one-on-one meetings with...

The world’s fastest-growing major economy is not prosperous enough

  India’s perch on top as the world’s fastest-growing major economy is a paradox given its performance on social indicators. The country still lags its...

‘Possible terrorist threat’ closes US embassy in DRC for fourth day

The US embassy in Kinshasa will on Thursday be closed to the public for a fourth day following "credible and precise information" about a...