The Nigeria Centre for Disease Control (NCDC) on January 21 declared an outbreak of Lassa in Nigeria fever following an increase in the number of cases. NCDC situation report for week four on the outbreak of the disease shows that from January 1 to 27, a total of 538 suspected cases were reported from 16 […]
Author: Isaac Umunna
Apple may put iPhone 6S, 6S Plus out of service
Apple may put the iPhone 6S and below out of service, with iOS 13 already in the works according to a report, credited to Israeli website The Verifier .The reports said while the new operating system (iOS13) for the Apple iPhones and iPads will bring with it a plethora of improvements and features, it will […]
Exxon CEO combines exploration units to reverse output declines
Exxon Mobil Corp on Thursday outlined a major reorganization of its global exploration businesses aimed at reversing years of weak oil and gas output. Chief Executive Darren Woods, who took over the helm two years ago, has spent billions to buy production, build new pipelines and expand refineries after a series of costly misfires on […]
NIMASA Releases Maritime Industry Forecast 2019/20
By Foster Obi As part of efforts to guide investors and encourage more participation in the maritime industry, the Nigerian Maritime Administration and Safety Agency (NIMASA) says it has set the tone with the unveiling of the 2019-2020 maritime forecast. A press statement signed by Isichei Osamgbi, Head Corporate Communications said the forecast is intended […]
CBN’s PMI report: Nigeria’s economic expansion dips in January
The Central bank of Nigeria (CBN) yesterday released its Purchasing Managers Index (PMI) report for January which indicated slowdown in economic expansion during the month. Economy The report showed that the Manufacturing PMI dropped to 58.5 percent in January from 61.1 percent in December. Similarly, the Non Manufacturing PMI dropped to 60.1 percent in January […]
Nigeria’s pan-African bank UBA expands to Mali
Nigeria’s pan-African bank United Bank for Africa (UBA) will open a new branch in Mali on Feb. 4, expanding in a region where it already operates in a dozen countries. “Mali is a large market with a low (bank) account penetration rate,” Maimouna El Oumrany, spokeswoman for UBA’s Malian subsidiary, said by telephone. “We’re hoping […]
Pan Atlantic University workshop: Experts task journalists to tackle fake news
By Foster Obi — INEC outlines five core tasks for media in Elections 2019 Misinformation distorts the capital markets and poses risks to assets, reputations and lives Start with journalism principles of verification and purpose Ethical practice should lean on core values Platforms should look in the mirror of social media to ensure they […]
$43.4m Ikoyigate cash: Ex-NIA boss, wife’s trial begins Friday
The Economic and Financial Crimes Commission ( EFCC ) will on Friday arraign a former Director-General of the National Intelligence Agency(NIA), Amb. Ayodele Oke and his wife, Mrs. Folasade Oke before a Federal High Court in Lagos in connection with $43, 449, 947, 000 intercepted in a flat. The cash was allegedly said to have […]
CBN gives directive on e-payments
The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries, pensions, suppliers and taxes. The CBN issued the directive in a circular posted on its website on Tuesday and signed by Mr Sam Okojere, Director of Payments System Management Department. The apex bank said the […]
Nigeria records improvement in Liner shipping connectivity
According to the report, the Nigerian maritime industry continues to receive support from stakeholders in repositioning it for efficiency and global best practices a development that has led to an encouraging move in the Liner shipping connectivity index. China records bigger surplus in trade with US despite Trump’s tariffs In the report, Liner shipping connectivity […]