Nigeria’s Economy bleeds as cargo imports drop by 50%
Over the years, stakeholders in the maritime sector have been clamouring for subsidised and special exchange rate for the industry....
Year: 2021
CBN crashes liquidity mop-up, raises yields on treasury bills
The Central Bank of Nigeria (CBN) drastically reduced its liquidity mop up activities through treasury bills by 81 percent, year-on-year,...
Lagos to knock down 297 properties for 37-km new rail line project
Compensation to follow World Bank best practices, says official As Lagos State Government prepares for the first phase construction of...
Coca-Cola may exit African market – News
United States’ Soft drink giant, Coca-Cola is reportedly planning to exit the African market which includes Nigeria. The company is...
MTN increases staff salaries by 17%
Nigeria’s largest mobile operator, MTN, increased the salaries of its staff in 2020 by about N4.5 billion according to findings...
FG grants license to 20 new universities – News
The Federal Government has presented provisional licenses to the twenty new private universities recently approved by Federal Executive Council. The...
Alabukun: The untold 100-year old story of Nigeria’s first homegrown modern drug
If you ever stopped at a street-side pharmacy, almost anywhere in Nigeria, and looked down the shelves you’ll find, probably...
DPR revokes Addax Petroleum oil mining licences
The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OML) belonging to Addax Petroleum due to the...
USSD war: MTN bows to pressure
MTN Nigeria has finally revert commercial banks’ commission to 4.5 percent after its customers were disconnected from banking channels including...
FG plots end to multi-million dollar oil swap
The move, New Telegraph learnt at the weekend, came as talks between $15 billion Dangote Petroleum Refinery and Petrochemical and...