The federal government has approved $6.7bn for the construction of Ibadan-Kaduna standard gauge railway. Rotimi Amaechi, minister of transportation, said the project was part of the Ibadan to Kano railway project. He made this known on Wednesday after the federal executive council (FEC) meeting. Amaechi said the government also awarded a spur linking Ado-Ekiti with […]
Business
Nigeria Stock Market Closes Lower in February 2018
— As FMDQ Admits 7-Year FGN Roads Sukuk to its Platform Nigerian Equities Market closed the month of February 2018 slightly lower as NSEASI dipped by -2.28% as against +15.95% uptrend recorded in the month of January 2018. Markets YTD return stands at +13.30% at the end of the month under review. The Nigerian Stock […]
NNPC to make Nigeria competitive in non-oil sectors
The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment towards providing the necessary assistance for Nigeria to attain competitive edge in non-oil sectors of the economy. Group Managing Director of the corporation, Dr. Maikanti Baru stated this while delivering a goodwill message during the ‘NNPC Day’ held at the 39th Kaduna International Trade Fair, […]
Nigerian economy to experience projected 3.5% growth in 2018-FG
The Buhari administration has projected that the Nigerian economy will grow this year up to 3.5 per cent. Special Adviser to the President on Economic Matters; Dr. Adeyemi Dipeolu in making this projection, anchors his optimism on the latest GDP figures announced by the National Bureau of Statistics. The NBS figures indicate a further growth […]
Anybody born in the 21st Century has no business being poor — Zinox Boss
By Amechi Obiakpu Information Technology guru and Chairman of Zinox Technologies, Leo Stan Ekeh has said that anybody born in the 21st Century has no business being poor because of the information available today. According to him, the century offers so much information that anyone who desires to be rich could tap into it to […]
Twitter suspends Russia-linked accounts
Twitter (TWTR.N) said on Thursday it had suspended about 200 Russian-linked accounts as it probes online efforts to meddle with the 2016 U.S. election, but an influential Democratic senator slammed its steps as insufficient. Senator Mark Warner, the top Democrat on the Senate Intelligence Committee, summoned Twitter officials to testify behind closed doors on Thursday […]
FG, states, LGAs share N637.7bn in September
The federal, states and local government areas shared a cumulated N637.704 billion in September this year. The Federal Accounts Allocation Committee (FAAC) who made the disclosure Thursday the money came from Value Added Tax (VAT), Petroleum Profit Tax (PPT) and Company Income Tax (CIT) and dwarfs the N467.852 billion shared by the three tiers of […]
News Express rebrands with new logo
Nigeria’s influential online newspaper, News Express on Thursday unveiled its new logo at an event to mark its fifth anniversary with a well-attended Lecture. The lecture which was held at Sheraton Hotel & Towers, Ikeja, Lagos, attracted an array of distinguished personalities from all spheres of endeavour and heavy media presence. The Guest Lecturer, Governor […]
FG to stop maize importation in 2018
Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said the Federal Government would not allow massive importation of maize by Olam Group next year. Although the Minister stated that maize was not on the nation’s import ban prohibition list, he charged the company to work out how to grow the produce locally through […]
Bello, Eke, Obi others for News Express 5th Anniversary Lecture holding today at Sheraton Hotel & Towers, Ikeja, Lagos
All roads lead to Sheraton Hotel & Towers, Ikeja, Lagos, today (Thursday, September 28, 2017) for the News Express 5th Anniversary Lecture holding from 12pm prompt. The event will be headlined by the Guest Lecturer, Governor Abubakar Sani Bello of Niger State, who would speak on “National Unity and the Demand for Restructuring — A […]