The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable small entrepreneurs to register their businesses. Muhmud announced this in a statement by Head, Public Affairs, CAC, Mr Godfrey Ike. Muhmud disclosed this while […]
The Central Bank of Nigeria (CBN) on Monday boosted the foreign exchange market by offering a total of $195 million in three segments of the market. In the wholesale Secondary Market Intervention Sales (SMIS) of the Inter-bank Foreign Exchange Market, it auctioned $100 million and also intervened in the Small and Medium Enterprises (SMEs) and […]
Lottery firm, Western Lotto has empowered over 2,000 Nigerians with N82 million since it commenced operation barely two months ago. Managing Director, Mr Yomi Ogunfowora, who disclosed this in Lagos recently stated that the term of reference of Western Lotto is to bring fun and hope to the Nigerian public. “We bring to Nigerians consumer […]
The Nigerian Content Development and Monitoring Board (NCDMB) has said that it expects the Nigerian Content Intervention (NCI) fund to hit $1 billion in the next three years NCDMB disclosed this at its’s research and development forum Monday in Lagos. The board’s executive secretary, Simbi Wabote, said with the launch of $200 million intervention fund […]
The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality. According to Reuters, the Commission’s consultation document is part of a broader reworking of the EU’s economic priorities, after pressure from populist forces that […]
Information and culture minister Lai Mohammed has said that there was the need to revisit the abandoned media salary structure in order to ensure that government media professionals earn living wage. The Minister underscored the need for upward review of the retirement age of journalists working in the ministry. “They are like judges and university […]
The management of the Ibadan Electricity Distribution Company (IBEDC) has said that the power outage in some parts of Osogbo, capital of Osun State, was for safety reasons and appealled to residents to be patient, assuring them that the issues would be resolved soon. The Regional Communication Officer of the company, Kikelomo Owoeye told Daily […]
Twelve communities in Boki Local Government Area of Cross River have been flooded following two days of heavy rain, while more than 3,000 farmlands were equally destroyed. The incident, which occurred between the late hours of Sept. 18 and the early hours of Sept. 19, has rendered hundreds of residents homeless as properties worth millions […]
Facebook Inc (FB.O) on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world’s largest social network over secretive ads that run during election campaigns. The company also said it would turn over to congressional investigators the 3,000 political ads that […]
Barely a few days after it was unveiled to an eagerly-awaiting public at a glamorous event held on September 14, the Freetel ICE 2, a revolutionary smartphone launched in partnership with Google, MTN and TD Mobile has been sold out. The Google-backed AndroidTM smartphone sells for N13,000. Already, thousands of enthusiastic Nigerians looking to get […]