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Business
FG asks court to order lecturers back to work
By Onyebuchi Ezigbo in Abuja and Dike Onwuamaeze in Lagos
The federal government has referred the Academic Staff Union of Universities (ASUUlong-running )'s strike to the National Industrial Court of Nigeria (NICN) for adjudication. This…
How I make N2 million monthly selling sex-enhancement drugs – Vendor, Yusuf Bashir
by Kirk Leigh
Yusuf Bashir gleefully counts his ward of cash from the afternoon sales, the total so far was N35, 000. In response to this reporter, he stated in pidgin English, "By the end of today, I fit make N100,000, walahi." Many…
29-year-old Nigerian, Chidozie Obasi wanted in the United States for $31million fraud
By Kirk Leigh
The US Department of Justice (DOJ) announced over the weekend that a Nigerian man, 29-year-old Chidozie Collins Obasi, had been declared wanted by the US for defrauding hospitals in the New York Area of $31 million.…
UBA records double digit growth in H1
United Bank for Africa (UBA) Plc, Africa's Global Bank, has announced its audited financial results for the half year ended June 30, 2022, with double-digit growth across key income lines and significant progress in the contribution from…
GTBank Portal Suspension: 400,000 Containers Trapped At Seaports – Clearing Agents
by Yusuf Babalola
Clearing agents working at the nation's seaports lamented yesterday that over 400,000 containers are currently stuck at the Lagos seaports due to the suspension of Guaranty Trust Bank Limited by the Nigeria Customs…
Malnutrition: Gov. Ugwuanyi reiterates commitment to govt’s partnership with UNICEF
Enugu State Governor Ifeanyi Ugwuanyi has pledged to ratify the State Multi-sectoral Strategic Plan of Action on Nutrition aimed at reducing stunting and malnutrition in the state, in line with his administration's adoption of the National…
Nigeria losses $2.7bn as oil production falls below 1mb/d
According to the most recent data, Nigeria's oil production fell below one million barrels per day in August, costing the country $2.658 billion.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, reported yesterday that daily…
Why Nigeria should end fuel subsidy – Akabueze
By Odinaka Anudu
Ben Akabueze, Director General of the Nigerian Budget Office, believes that the trillions of naira spent on fuel subsidies could be better spent on other creative sectors, particularly education.
Akabueze said on…
FEC approves $352m Air Nigeria’s advisory fees
Obiora Ifoh, Abuja
Hadi Sirika, the Minister of Aviation, stated that the Federal Executive Council approved a sum of $352 million for Air Nigeria's transactional advisory fees for its Consultants.
The federal government has…
23 Nigerian startups to benefit from Google’s $4 million fund for 60 African businesses
Google on Tuesday announced the selection of 60 eligible startups across Africa with $4 million funding to enable them to scale up their ongoing work.
The programme, called Google Black Founders Fund (BFF) for African startups, is the…