The ruling All Progressives Congress (APC) has fixed Sunday to Monday, May 29 and 30, 2022 for the special convention for primary election to nominate a presidential candidate for the 2023 general election. However, about 72 hours to the exercise, the …
Nigeria’s subsidy bill doubles to near N600bn in one month, data shows
The finances of Africa’s largest crude producer are sinking under weight of a wasteful gasoline subsidy which doubled during the first full month of Russia’s invasion of Ukraine. The Nigerian National Petroleum Corp. spent 521 billion naira ($1.26 bill…
CBN rate hike threatens real sector’s recovery – Manufacturers
The Manufacturing Association of Nigeria (MAN) has said the interest rate hike by the Central Bank of Nigeria will reduce the pace of full recovery of the real sector, making manufacturing sector performance to remain lackluster. The Monetary Policy Co…
$1.5bn AfDB fund to improve Nigeria’s wheat production
Nigeria will see a rise in its wheat production before the end of 2022, as African Development Bank (AfDB) has said it would give a substantial part of its recently launched $1.5billion emergency fund to the development of the grain in the country. Exp…
APC primaries: Tension heightens among delegates as electoral materials yet to arrive Edo
There is palpable tension across the 18 local government areas of Edo State as the All Progressives Congress (APC) delegates await the arrival of materials for the conduct of the House of Assembly primary election. BusinessDay’s findings revealed that …
NGX CEO asks investors to diversify portfolios
Nigerian Exchange Limited (NGX) has emphasised the need for diversification of portfolios by investors to ensure enhanced return on investment.The Chief Executive Officer of NGX, Temi Popoola stated this, as the stock market continued its uptrend rally…
Intrigues as APC yet to screen presidential aspirants 72 hours to primary
The ruling All Progressives Congress (APC) has fixed Sunday to Monday, May 29 and 30, 2022 for the special convention for primary election to nominate a presidential candidate for the 2023 general election. However, about 72 hours to the exercise, the …
Industry internet subscriber growth fail to lift 9Mobile
While MTN, Globacom, and Airtel saw a significant increase in the number of internet subscribers added in Q1 2022, 9Mobile continues to lose internet subscribers despite the increase recorded in internet subscription rate from 143.2 million in January …
Ten new technologies unveiled at Microsoft Build 2022
Satya Nadela, CEO Microsoft, has identified ten new technologies that are “coming together as a powerful platform” to help developers, at Microsoft Build Conference 2022. New previews for Azure Open artificial intelligence (AI) Service, AI dashboards i…
Electronic payment transactions rise by 44% in four months
Value of transactions on the electronic bills payment platform rose by 44 percent year on year to hit N114.8 trillion in the first four months of 2022 from N79.5 trillion in the corresponding period, data from the Nigeria Inter-Bank Settlement System (…