FG reveals plans to begin auctioning of Nigeria’s bitumen blocks by the end of 2021
Charles AbuedeApril 7, 2021
Charles Abuede The federal government of Nigeria has revealed through the ministry of Mines and steel development that it will begin the auctioning of bitumen blocks in Nigeria during the third quarter of 2021. Olamilekan Adegbite, Minister of mines and steel development, made the announcement in a statement issued by Ayodeji Adeyemi, his media […]
Pricepally, Nigeria’s digital food startup secures six-figure funding from two prominent VCs
Charles AbuedeApril 7, 2021
Charles Abuede Pricepally, an innovative digital food cooperative platform for African cities has secured an undisclosed amount of pre-seed funding from two prominent venture capitalists – Launch Africa Ventures and Samurai Incubate to aid the food tech startup’s drive towards increasing the access of food for African communities is two-fold, it both supports local […]
Persistent sell-offs in GTBank, BUACem, Guinness drove the bears on Tuesday as investors lost N78.5bn in post-Easter trading
Charles AbuedeApril 6, 2021
Charles Abuede The Nigerian Equities Market started the new week on a bearish note, with traders and investors alike coming back from the short Easter break to extend the persistent bearish run the market has been experiencing into the fourth trading session as investors lost N78.5 billion on the first trading day in April. […]
IMF projects global economy to grow by 6% in 2021 and 4.4% in 2022
Charles AbuedeApril 6, 2021
Charles Abuede The International Monetary Fund (IMF) has said that the global economy will grow 6 per cent this year from the 5.5 per cent rate it forecast earlier in January. The international fund, in its latest global economic growth estimate for the second time in three months, revealed thus; while raising warning concerns […]
IMF extends debt service relief to 28 low-income countries
Wale AmeenApril 6, 2021
Wale Ameen Online Editor The Executive Board of the International Monetary Fund (IMF) has approved grants for debt service relief for 28 member countries under its Catastrophe Containment and Relief Trust (CCRT). This was contained in a statement issued via its website this Monday. This follows the earlier approval of two tranches on April […]
Egypt secures €145 million loan from AfDB for upgrade of its national rail line
Wale AmeenApril 6, 2021
Funding to be used to enhance network capacity and operational safety of national rail line Passenger traffic expected by increase by 15%, 10% for freight by 2029 Wale Ameen Online Editor Egypt has secured a loan of €145 million from the African Development Bank (AfDB) for the upgrade of the country’s rail […]
Facebook launches new campaign in partnership with WHO to tackle Covid-19 misinformation
Wale AmeenApril 6, 2021
Wale Ameen Online Editor Social media giant, Facebook has announced the launch of a new campaign in partnership with the World Health Organization (WHO) in a bid to provide Africans with information on Covid-19. The campaign titled, “Together Against Covid-19 Misinformation” will be rolled out in English and French across nine African countries; South […]
Food inflation agony dampens Nigerians’Easter celebrations
Onome AmugeApril 5, 2021
By Onome Amuge Traders, consumers bemoan rising cost of food The Easter holiday, particularly for Christians, is a globally recognised period of merriment and joyous celebrations. However, one of the most basic items associated with the festivity, food, has become a source of concern, deep sighs and unfeigned lamentations for many Nigerians as […]
MTN suspends USSD service
Wale AmeenApril 2, 2021
…urges subscribers to use alternate channels Wale Ameen Online Editor Nigeria’s largest mobile telecommunications company, MTN Nigeria has suspended the use of Unstructured Supplementary Service Data (USSD) on it’s network. Following this outage, mobile network subscribers on the MTN network will not be able to carry out USSD transactions like airtime top-up or transfers on […]
Again, FG Extends NIN-SIM linkage deadline
Wale AmeenApril 2, 2021
Wale Ameen Online Editor The Federal Government has again announced an extension of the deadline for integration of Subscriber Identification Modules (SIM) to the National Identification Number (NIN) by another four weeks. The new date is now May 6, 2021. This extension comes up just in time as its earlier scheduled deadline fast approaches. […]