Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of Power, Works and Housing Mr Babatunde Fashola SAN over “failure to disclose specific names and details of contractors and companies that allegedly collected money for electricity projects but failed to execute any projects, starting from the return of democracy in 1999 to 2018.” In […]
The Nigerian leather industry has been projected to generate over $1 billion by 2025, the Nigeria Economic Summit Group (NESG) stated in its 2019 macro-economic outlook report. The macro-economic outlook report is an annual publication of NESG that reviews the Nigerian economy and provides policy options. Reporting on the theme, “Steering Nigeria through the inclusive […]
The Economist Intelligence Unit (EIU) Africa is insisting that Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) will win the February 16 presidential election. On Friday, EIU Africa said the margin of victory is getting narrower as the election approaches, but Atiku and his political party will win the historic election. “#NigeriaDecides2019 […]
The federal government and the Academic Staff Union of Universities (ASUU) have again failed to reach a compromise to end the ongoing strike by university lecturers. Lecturers commenced strike on November after accusing the federal government of reneging on some of its promises. All attempts to make them return to the classroom have ended in […]
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 […]
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 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 […]
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 […]
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 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 […]