Saturday, August 22, 2026
Nigeria begins reconstruction of Eastern narrow gauge rail line
…Project involves Bonny deep seaport, with loops in Awka, Abakaliki, Owerri …Estimated to cost $15bn with loan from China ...
Read moreDetailsSouth Africa’s unemployment rate hits record high at 32.5% in Q4’20 on the back of pandemic
The government says the market not expanding to absorb more people into employment Analysts say the impact of the pandemic...
Read moreDetailsSouth-South governors insist on 10% oil revenue to appease host communities
Onome Amuge Governors of the South-South region comprising; Akwa Ibom, Bayelsa, Cross River, Delta, Edo and Rivers states, have made...
Read moreDetailsNigeria’s total trade dip 10.3% y/y to N32.42trn in 2020 but the trade deficit still on the rise to N7.38trn due to pandemic, border closure
Total import reached a record high at N19.89trn; exports declined to N12.52trn Charles Abuede Nigeria’s total trade fell...
Read moreDetailsEkiti faces food shortage crisis amid inferno devastation of farmlands
Onome Amuge Ekiti State is at risk of an impending famine following the destruction of food and cash crop plantations...
Read moreDetailsUBA unveils new banking app, promises a disruptive mobile banking experience
Wale Ameen United Bank for Africa has unveiled it's new mobile banking app with which it says it is...
Read moreDetailsEmefiele says Naira 4 dollar policy will give Nigerians in the diaspora cheaper and convenient means to sending remittances home
Policy to exist for just 60 days in a bid to check round-tripping Charles Abuede Nigeria’s apex bank...
Read moreDetailsPrice accretion in Wapco, FBN holding, Access Bank called for the bulls on Monday as investors made N34bn profit
Charles Abuede The bulls regain Customs Street on Monday after a 4-day bearish run from the last week’s sessions...
Read moreDetailsMai Deribe, former MD Cavendish Petroleum, dissociates from OML 110 publication
Ben Eguzozie, in Port Harcourt Ibrahim Mai Deribe, former managing director of Cavendish Petroleum Ltd, has distanced himself from...
Read moreDetailsCovid-19 pressure holds Nigeria remittance inflows by jugular
Remittances remain significantly below 10-year historical average of $5.3bn Experts anticipate CBN sustains policy stance in 2021 to attract portfolio...
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