Business

Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of 2019, following a revised 0.8 per cent contraction in the third quarter, data from …

Cheque books with Diamond bank logo has been declared invalid beginning from the 1st of March 2020 According to Access Bank, the decision to discontinue accepting cheque books bearing the logo of its merger partner is to increase efficiency in service delivery. They further advised customers who want to get …

The Benue state Government has giving reason behind the quarantining of over 600 cows, and arrest of 400 herdsmen in the state. Speaking in Makurdi, the state Governor, Samuel Ortom, said the state has seized 600 cows, and arrested 400 herdsmen for flouting the state’s anti-open grazing law. The governor …

The Asset Management Corporation of Nigeria (AMCON) has taken over the residence and company of a former ally of President Muhammadu Buhari, Buba Galadima, over debts up to the tune of N900 million. The properties include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory (FCT), Abuja …

Lagos State Governor, Babajide Sanwo-Olu, has directed the management of Lagos Bus Services Limited (LBSL) to deploy a fleet of 65 buses along major routes from Monday, February 3, 2020. The directive follows a recent ban on the operation of motorcycles and tricycles in some parts of the State. According …

The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn as of September 2019, latest data from the Debt Management Office showed on Wednesday. The International Bank for Reconstruction and Development and the International Development Association, which make up the World …

Six countries of the Economic Community of West African States (ECOWAS) have rejected the eco currency adopted by eight mostly francophone countries. Nigeria, Sierra Leone, Ghana, Liberia and Gambia, who are all English-speaking, as well as Guinea, a francophone country, stated their position on Thursday. Eight mostly francophone countries had …

The Zambian government has given coffin sellers until March to move their properties from a health facility in the country’s capital, Lusaka, else they would be relocated to a graveyard. Before now, the traders had been conducting business outside the University Teaching Hospital where they opened shops outside close to …

A popular shopping mall in Abia state, called “Abia Shopping Mall”, which houses many shopping outlets, including Shoprite has been recently shut down. Customers who visited for their usual shopping were disappointed to see the shopping mall sealed off by a Federal High Court. It was gathered that the gates …

The Minority Leader of the House of Representatives, Hon. Ndudi Elumelu, has fault the plans to hike electricity tariff, by the Nigerian Electricity Regulatory Commission (NERC), saying that the plan is Completely Unacceptable. Elumelu who totally condemn the plan argued that any increase in electricity tariff would worsen “the already …