Nigeria is a leading Fintech country: Deremi Atanda
The Executive Director, Systemspecs Limited, Mr. Aderemi Atanda, has described Nigeria as a leading country in the Financial Technology (Fintech) space in the world, and urged Nigerians to celebrate the successes of the country rather than its woes. Speaking at the Centre for Financial Journalism (CFJ)-Association of Corporate Affairs... Read more
Power plants sale: FG in fresh negotiations with bidders- Thisday
As the federal government resumes privatisation of some national assets, it was learnt at the weekend that negotiation of fresh terms has begun with preferred bidders of three power generation plants of the National Independent Power Projects (NIPPs) that have been slated for sale. The power plants to be... Read more
USA becomes the world’s largest producer of oil
The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase... Read more
From tech guru to plumber? Bill Gates reinvents the toilet
A few days ago in Beijing, Bill Gates spoke at a conference with a fantastic name: the Reinvented Toilet Expo. The Microsoft founder took with him to the lectern a sealed jar containing human feces, according to BBC News. Gates reportedly pointed to the poop jar and said that it... Read more
Oil price climbs to $73 after a five-week slump
Oil price rebounded to $73 per barrel yesterday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019. Russia’s TASS news agency, citing an unnamed source, reported that the two countries, the biggest producers in an... Read more
With Egina, Nigeria’s oil production to hit 2.2 million bpd in early 2019: Kachikwu
Nigeria’s oil production is set for a timely boost, climbing to around 2.2 million barrels per day (mbd) by early 2019 with the start-up of the giant 200,000 barrels per day (bd) Egina field, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Speaking on Tuesday... Read more
‘I’ll buy another club if Arsenal won’t be sold to me’ – Dangote
Africa’s richest man, Aliko Dangote, has said he will consider buying another football club if Premiership club Arsenal won’t be sold to him. Dangote, who is a fan of the club has been wanting to buy the British club for years. He says he’ll make a move only after he has... Read more
Africans visiting Ethiopia to get Visa on arrival
Ethiopia Airline has launched a visa-on-arrival service for all African travellers with effect from November 1. The service aims at making it easy for Africans to visit the country that hosts the African Union (AU) headquarters. It was launched at a ceremony held at the AU Commission headquarters in... Read more
FG increases capital base for Microfinance Banks
The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks in the country giving them up to April 2020 to recapitalise. The CBN in a circular issued and signed by the director, financial Policy and Regulation department, Kevin Amugo, had increased the minimum capital... Read more
TSA charges to be borne by payer from Nov 1: FG
If you have been experiencing charges this morning while trying to pay through the Remita system, there is a reason why. The Federal Government has indicated that, from November 1 2018, the service charge on all payment to its ministries, departments and agencies would be borne by the... Read more