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Business & Economy

Going mainstream: Mastercard to allow payments in cryptocurrencies

Few days after Nigerian government shut down bank accounts tied to cryptocurrencies and went ahead to confiscate such funds, international credit card giant, Mastercard...

FG to build Nigeria’s ‘Silicon Valley’ in Abuja

The Federal Executive Council (FEC) has approved the construction of Nigeria's first National Information and Communications Technology Park. The park, fashioned after America's Silicon Valley,...

Oil production to start soon in the Northeast – Sylva

The Minister of State for Petroleum Resources,  Timipre Sylva, has revealed plans by the Federal Government to begin oil exploration in the northeast. Speaking during...

Nigeria Govt rejects IMF’s call for further devaluation of naira

The Nigerian government has disagreed with the recommendation of the International Monetary Fund (IMF) that the way out of Nigeria's economic challenge is to...

Further hike in VAT is the solution to Nigeria’s economic challenges – IMF

For Nigeria to exit the current economic doldrums, fueled largely by falling per capita income, double-digit inflation, limited buffers, significant governance vulnerabilities, and the...

FG to build new seaports in Lagos, Rivers and Warr – Amaechi

The Minister of Transportation, Chibuike Rotimi Amaechi, has disclosed that the Federal Government has approved the construction of three new seaports in the country....

University workers commence nationwide strike from tomorrow

Members of the Senior Staff Association of Nigerian Universities (SSANU) and Non-Academic Staff Union of the Universities and Allied Institutions (NASU) will be proceeding...

Nigeria may experience fresh fuel scarcity – FG

The Federal Government said it is worried about the possibility of a scarcity of Premium Motor Spirit (PMS), also known as petrol, in the country. Mr...

FG, SSANU, NASU meeting ends in deadlock

The disagreement between the Federal government and the non-teaching staff in the universities under the umbrella of Joint Action Committee, JAC, is far from...

Lagos rolls out travel smartcard for BRT commuters

Primero Transport Services Limited, operators of the Bus Rapid Transit (BRT) today rolled out a travel smartcard named Cowry Card for the use of...

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