Local Business

The Minister of Finance, Mrs Kemi Adeosun, has assured Nigerians that the current economic recession the nation was experiencing will not be prolonged.

UGHELLI-A militant group, Niger Delta Greenland Justice Mandate, NDGJM, in the early hours of Tuesday, blew up the Afiesere-Iwhrenene major delivery line to UPS/UQCC, operated by Nigeria Petroleum Development Company, NDPC/Shorelines Petroleum in Ughelli North Local Government Area of Delta State. The attack confirmed by a leader of the group, self-styled Gen. Aldo Agbalaja, came as the Niger Delta Avengers, …

—–Nigerian diaspora to benefit from increased competition in remittance market WorldRemit (www.WorldRemit.com/en/Nigeria), the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs).

Budding entrepreneurs who attended the first edition of the Nigerian Small Business Summit on the 24th August at the Landmark event centre were warned to stay away from bank loans at the start of their businesses. Mr. Kushal Dutta, Managing Director of Africa’s number one hotel booking portal Jumia Travel Nigeria, gave the warning during a panel discussion on the …

South Africa’s economy regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions.

It is no secret that the Nigerian economy is in crisis. In the last six months, the official Nigerian currency, Naira, has fallen by almost 50% and there has been an increasing change in the price of goods and services. With pay increases lagging behind and the inflation soaring, the wallet of most Nigerians continue to take a beating as …

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to increase the tempo on crude oil exploration activities in the northern part of the country.

Hours after the Niger Delta Avengers (NDA) announced the blow up of Nigerian National Petroleum Corporation (NNPC) gas pipeline at Nsit-Ibom L.G.A, Akwa Ibom state, the State Command of the Nigerian Police has confirmed the explosion but attributed it to a technical fault.

The ravaging Niger Delta Avengers on Wednesday called on members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN and foreigners to leave oil fields and terminals in the Niger Delta because “it is going to be dirty very soon”.

The Management of Transmission Company of Nigeria (TCN), Lagos Region, on Sunday announced a one-day power outage in some parts of Lagos on Monday to effect repairs. TCN announced the outage in a statement by its Public Relations Officer, Mr Celestina Osin, in Lagos. The statement said the areas that would be affected include Ikoyi, Victoria Island, Alagbon, Apapa, Ijora, …