Business
SGF Mustapha Says Okonjo-Iweala’s WTO Position Will Advance Development in Nigeria
Secretary to the Government of the Federation (SGF) Boss Mustapha, says the election of Ngozi Okonjo-Iweala as the Director-general of the World Trade Organisation (WTO) will advance the cost of
Breaking: Bank customers to pay N6.98k for USSD transactions — CBN, NCC
Godwin Emefiele, CBN Governor. By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, and Nigerian Communications Commission (NCC) today said that bank customers are to begin paying N6.98 kobo per
Flutterwave Now Allows African Merchants Receive Payment from PayPal’s 377m Users
African payments company Flutterwave on Tuesday announced a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. Via this partnership, African businesses can
Nokia to Cut Up to 10,000 Jobs over Next Two Years
Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to
Nigeria’s Inflation Rate Rises to Four-year High of 17.33%, Food Inflation Highest in 11 Years
Nigeria’s consumer price index, which measures the rate of increase in the price of goods and services, rose to 17.33 percent in February hitting a four year high. According to
Nigeria attracts $2.6bn FDI in 2020 amid global downturn
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD Investment Trends Monitor The post
NCC licenses six new ISPs, increases industry operators to 163
The Nigerian Communications Commission (NCC) has issued licences to six new firms to operate as Internet Service providers (ISPs) in the country. The post NCC licenses six new ISPs, increases
Poor infrastructure, smuggling, funding gap crippling Africa’s petroleum downstream
With a growing population, huge energy demand, and projected industrial and agricultural boom, cross-border infrastructural deficits, funding gaps, smuggling, and lack of harmonized taxes The post Poor infrastructure, smuggling, funding
LCCI seeks Executive Order to reform Customs
By Yinka Kolawole ECONOMY Frustrated by anti-business operating standard, the Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to roll out a reform through Executive
Unemployment rate rises further — NBS
… Highest in Imo, Adamawa states By Nkiruka Nnorom ECONOMY The number of unemployed Nigerians rose to 23.19 million in the fourth quarter (Q4) of 2020 on the back of
