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COVID-19: Federal Government of Nigeria Issued Travel Restrictions

The federal government of Nigeria has issued travel restrictions to 13 countries, the affected countries include US, China and others. The restriction, which will commence

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COVID 19: Central Bank of Nigeria reels out package to help stabilize country’s economy

The Central Bank of Nigeria (CBN) has announced measures to help businesses survive the global onslaught from coronavirus. To on the list is the reduction

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Nigeria External reserves fall by $2.3bn on plunging oil price

Nigeria’s external reserves recorded a decline of $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and March 5 this year. An

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Bill Gates exits Microsoft to focus on charity

Microsoft last Friday announced that co-founder Bill Gates has left its board of directors to devote more time to philanthropy. Interestingly the bulk of his

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Nigerian Government Shuts Chinese Restaurant for Discriminating Against citizens

 Authorities in Nigeria last weekend shut down a Chinese restaurant in Lagos over its alleged discriminatory policy against Nigerian citizens. The restaurant, identified as Haufei,

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African Union Denies Allegations of Cronyism, Corruption

A spokesperson for African Union chairperson, Moussa Faki Mahamat has rejected allegations that the organization is run like a “mafia-style” cartel, a term used in

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Ghana Ranks Sixth Best Place in Doing Business in Africa – Report

Ghana has been ranked sixth best place in Africa for investors in the 2020 RMB Investment Attractiveness rankings. The country edged closer to a coveted

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Why Nigeria’s economy is not working – Dangote

Business mogul and Africa’s richest man, Alhaji Aliko Dangote, last week gave a poignant verdict on efforts by successive governments to transform the nation’s economy,

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Dangote’s oil field to Produce 20,000 BPD Oil From July

Africa’s richest man, Aliko Dangote, will begin production of oil from two assets he snapped up from Royal Dutch Shell Plc in July, adding a

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Nigeria loses $20.4b yearly to oil theft

Speaker of the Nigerian House of Representatives, Hon Femi Gbajabiamila on Tuesday said the country is losing  400,000 barrels of oil per day (BPD) amounting