25 C
Lagos, South Africa and New York
Mon, Dec 16, 2019


Local govt autonomy Bill resurfaces

HOUSE of Representatives has again received a Bill to grant autonomy to local government areas...

Lagos begins dredging of drainage channels, canals

IN fulfillment of its promise to kick-off massive construction after the rains, the Lagos State...

Sowore: Between facts and fiction

Press Statement State House Press Release The Presidency notes some of the insinuations in the media...

Senate mulls bill to establish Federal Road Authority

A bill to establish a Federal Roads Authority scaled second reading at the Senate on...

EFCC files application to separate Dasuki from co-accused

The Economic and Financial Crimes Commission (EFCC) on Wednesday filed a motion at a Federal...

Senate Considers N232.8bn Budget for FCT

The Senate thursday considered a Bill to authorise a sum of N232.8 billion for the Federal Capital Territory Administration (FCTA) for the 2020 fiscal...

Senators seeks 20% of annual budget allocated to constituency projects

A bill that seeks to allocate a minimum of 20 per cent of Nigeria’s annual budget to constituency projects has passed the second reading...

With Buhari’s New National Security Strategy, Nigeria may struggle to raise...

In the just concluded week, President Muhammadu Buhari launched a new National Security Strategy in order to further tackle the current threats of insecurity...

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PRIVATE EQUITY FUND NEWS

Nigeria LNG signs 20-year gas supply agreement for Train 7

By Alexis Akwagyiram LAGOS, Dec 13 - Nigeria LNG said on Friday it had signed a 20-year gas supply agreement with joint venture partners for...

PZ Cussons reports low-half year profit on weak consumer spending as Veteran CEO retires

Dec 12 - British cosmetics and soap maker PZ Cussons Plc reported lower half-yearly profits on Thursday due to weak consumer spending in...

Vitol signs 10-year deal to buy 600,000 of Nigeria’s LNG from 2021

LONDON, Dec 12 - Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of...

Lukoil to buy fresh stake off Chevron in Nigeria

Lagos — Russian oil company Lukoil has indicated interest to buy another stake from Chevron’s 40% in block 132 in Nigeria, according to the...

Investors await Vitafoam Nigeria’s dividend as directors meet

Nigeria’s leading foam manufacturing company, Vitafoam Nigeria Plc, may announce its dividend payout next week. Dividend payment is one of the top agenda at...

Flour Mills floats commercial papers to raise N5billion

Flour Mills of Nigeria Plc has opened application to raise N5 billion in new short-term capital through the issuance of commercial papers (CPs). Flour Mills...

Moody Changes Ratings for Seplat Following Negative Rating on Sovereign Outlook

Seplat Petroleum Development Company Plc The affirmation of the B2 CFR rating reflects the affirmation of the sovereign rating at the same level. The CFR...

The Big Read

Beyond the Belt and Road infrastructure projects, thousands of entrepreneurs from China are also setting up on the continent Wilson Wu has big plans for the free trade zone he manages in Igbesa, a scruffy town in Ogun State, some 60km from the frenzy of Lagos, Nigeria’s huge commercial capital. Casting his gaze over what is today a small cluster of...
Africa-focused financial technology startups are, by far, the tech rave of the moment. In each of the last three years, startups in the sector have received more investment than other sectors – and there’s a basis for this. Across the continent, fintech isn’t so much disrupting traditional financial services as building up a historically underdeveloped industry. By creating a raft...

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Sowore, DSS and National Security

By Olusegun Adeniyi, Email: olusegun.adeniyi@thisdaylive.com In my phone conversation with SaharaReporters publisher, Mr Omoyele Sowore, shortly after he was released on bail by the...

Who Advises Aisha Buhari; The Angry Matron Of The Villa? By Fredrick Nwabufo

Jane Appleton Pierce, the wife of Franklin Pierce, 14th president of the United States, is perhaps, most remembered as the ‘’calamity first lady’’. She...

Abuja airport’s weird duty free policy

By Adesola Adeyinka NEWS DIGEST – For Nigerians flying out of the newly built international airport in Abuja, there exists a strange rule...

GLOBAL ENTREPRENUERS

Alibaba founder Jack Ma has topped the Forbes China Rich List for the second year running with his fortune rising to $38.2 billion from $34.6 billion in 2018. More than half of those who made the list saw their wealth rise in the past year, while a quarter saw their fortunes decline, Forbes said Jack Ma, the...
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