Business

CPPE LAUDS THE UNIFICATION OF EXCHANGE RATE The Centre for the Promotion of Private Enterprise [CPPE] welcomes the bold step taken by the Tinubu administration towards the unification of the naira exchange rate. The liberalization of the foreign exchange market would unlock the huge potentials for investment, jobs and capital flows.  Investors’ confidence would be […]

Nigeria’s Telecom Access Gaps Drop by 53% The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Garba Danbatta, disclosed this at a recent

PREMIUM TIMES Books Unveils New Title on Cyber Politics, Nigerian Elections Premium Times Books, the book publishing arm of the Premium Times Group, has released a new book, Cyber Politics: Social Media, Social Demography and Voting Behaviour in Nigeria. The book, written by Omoniyi P. Ibietan, is officially making its way to physical and online bookshop

Democracy Day : What is the Nigerian Dream? By Godman Akinlabi A few years ago, I saw a post on the popular social networking site Twitter asking Nigerians what the “Nigerian Dream” means to them. Curious, I checked the comments to see what Nigerians consider the Nigerian Dream. Most respondents said the Nigerian Dream is

Arla Foods (www.Arla.com), maker of Dano Milk, has inaugurated its state-of-the-art dairy farm in Kaduna as part of the company’s efforts to ensure sustainable milk production in Nigeria. The farm located in Damau village, Kubau Local Government Area, Kaduna State, was inaugurated on Thursday, May 25, 2023, by the Executive Governor of Kaduna State, Mallam

By Our Correspondent Russia has concluded plans to export natural gas through the North Sea Route, connecting the Arctic to Asia starting in 2024, according to FleetMon. It stated: “This venture is being planned by Russia’s state nuclear energy corporation, Rosatom, and its largest natural gas producer, Novatek. The opening of this new trade route

First Bank cautions customers against fraudsters .Moves to tackle service degradation By Eyo Nsima First Bank of Nigeria Limited (FirstBank), the premier bank in West Africa, has cautioned customers against fraudsters as it battles to tackle service degradation. In its Notice obtained by The Daily, www.thedaily-ng.com, the Bank, stated: “We are experiencing service degradation on

MARITIME ACCIDENT: Container ship SHILING in trouble again By Our Correspondent Container ship SHILING in trouble again, still in New Zealand waters – the ship issued distress signal at 0827 LT (UTC +12) on May 12, 2023, according to FleetMon. It stated: “SHILING was disabled and started to drift in NE direction, in rough weather

Nigeria’s oil output drops 23% to 999,999 bpd as Angola becomes Africa’s highest producer By Eyo Nsima Nigeria’s oil output dropped 23 per cent to 999,999 barrels per day, bpd, in April 2023, from 1.3 million bpd in the preceding month of May 2023. The nation’s oil output rose to 1.3 million bpd in February

The Institute of Directors Nigeria (IoD), the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, has concluded plans to mark forty (40) years of its existence in grand style. Dele Alimi, Director General/Chief Executive Officer of The Institute of Directors Nigeria (IoD) said: “The year–long celebration is expected to