Category Archives: Nigeria Business

Breaking: Okonjo-Iweala, is new WTO DG

Ngozi Okonjo-Iweala, Nigeria’s ex-finance minister and nominee for the office of the director-general of the World Trade Organisation, WTO,  has emerged winner of the highly competitive race. The former minister according to TheCable, polled 104 votes from 164 member countries to defeat her South Korea’s trade minister opponent, at the final stage of the race. She has broken many records,

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WTO: Okonjo-Iweala gets the support of 79 countries

Nigeria’s Ngozi Okonjo-Iweala has expressed confidence in her quest to lead the crisis-wracked World Trade Organisation after all of Africa backed her candidacy, vowing she would champion reform. She expressed her confidence in the race after she received news that the 55-member African Union would officially support her candidacy over her sole remaining opponent, Yoo Myung-hee of South Korea for

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There were 149.8 million Internet users in Nigeria in August – NCC

The Executive Vice Chairperson (EVC) of the Nigerian Communications Commission (NCC), Umar Danbatta, has announced that Nigeria had 149.8 million internet users in the month of August 2020. These recent statistics were made public by the commission’s spokesperson, Ikechukwu Adinde, on Monday. The spokesperson also added that the coming months will witness more users as economic activities pick up and

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Customs Officer’s Stray bullet kills artisan in Ogun

One Idowu Moses has died after being hit stray bullets fired by men of the Nigerian Customs Service in Oja-Odan in the Yewa South Local Government Area of Ogun State. It was learnt that he sustained several gun shot injuries from shots fired by men of the Nigerian customs while they were chasing a smugglers around the Oja-Odan in the

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Electricity tariff increase takes effect Sept 1 – NERC, Disco

In a surprise move, the Nigerian Electricity Regulatory Commission has approved an increase in electricity tariff with effect from September 1, 2020 (today). This comes three months after the tariff hike implementation slated for July 1 was halted by the National Assembly, which prevailed on the distribution companies to shelve the date to the first quarter of 2021 due to

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Fani-Kayode Retracted His Words, Begs Daily Trust, NUJ, Others For Forgiveness

Femi Fani-Kayode who had earlier said that he owed no one apology for lashing out at a reporter, Mr Eyo Charles during a press conference in Calabar, Cross River state has retracted his statement and begged all for forgiveness. The former Aviation Minister tendered his apology through a statement he posted on his social media handles. He wrote: “I met

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CBN Gives Banks Sole Right for Electricity Bill Collection, Bans Discos

The Central Bank of Nigeria (CBN) has tasked banks with the responsibility of collecting electricity bill payments. This was gathered from a circular released by Bello Hassan, CBN’s director of banking supervision, which said that taking over from electricity distribution companies will improve payment discipline in the industry. The circular read that the payment or settlement of all NESI related

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Police Arrest Immigration Officer And 5 Others With 164 Stolen Cows

Kastina State Police Command arrested a self-acclaimed inspector with the Nigerian Immigration Service (NIS) including five other suspects and seized 164 allegedly stolen cattle. The said immigration officer, Abubakar Shafiu, who was paraded in Katsina with the other suspects, told newsmen that the men: Mohammad Isah, Ibrahim Mohammed, Idris Mohammad, Usman Mohammed and Saidu Lawal, were his relatives based in

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N-Power: ”Over 100,000 Beneficiaries Have Become Business Owners”- Minister

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouq, has said that about 109,823 N-Power beneficiaries have set up businesses in their communities. She said this in an address at the grand finale of events in commemoration of the ministry’s first year anniversary, in Abuja underlining and highlighting the impact and importance of the N-Power

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