BUSINESS

Nigerian government has exempted cement, flour, rice, sugars and 180 other products from the African Continental Free Trade Area (AfCFTA) deal.  These items were exempted from the list, based on national priorities, trade volume, priority, food security and competitive advantage, The Guardian reported. A complete list is expected before the end of the month after

The Minister of State for Petroleum Resources, Timipre Sylva, has said that the Federal government will soon begin oil exploration in the northeast. Sylva disclosed this during an interview with Channels TV on Monday February 8. “I have said it a few times that we have found oil in the northeast and we have started drilling

Nigeria’s opposition leader Atiku Abubakar on Saturday condemned Friday’s decision to ban cryptocurrencies by the Central Bank of Nigeria. The CBN issued a directive to all Nigerian banks against conducting Bitcoin and other cryptocurrency transactions, saying it was an unregulated market and cannot be allowed as a legitimate source of exchange in Nigeria. The decision

Cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. It has become a widely accepted means of payment, with greater capacity and faster settlement than other traditional financial structures. Its use has, however, been prohibited in some countries.

A person with disability, Dr Chike Okogwu, has accused Dana Air of discrimination stating the airline barred him from boarding with a claim that ”a new policy forbids carrying” passengers ”with wheelchair”. In a thread of tweet on Monday, Okogwu, complaining of the alleged unfair treatment said; ”This is indeed the height of discrimination against

Operations of Arik Air have been disrupted again by members of the National Union of Air Transport Employees (NUATE). The development left many passengers stranded at the Murtala Muhammed Airport (MMA), Lagos. The workers had earlier in the morning blocked the entrance of the airline’s headquarters at the airport. They were carrying placards with different

The year 2020 edition of Lagos International Trade Fair begins Thursday, December 4, 2020, said the Lagos Chamber of Commerce and Industry (LCCI). It further said the fair will continue till Sunday, December 13, 2020. Recall that the fair earlier scheduled to hold from November 6 to 15 was postponed as a result of the

Consumer goods giant Unilever said Monday that it has become a wholly British company, completing a historic merger of its Dutch and British corporate entities to end its double-headed structure. The new group, Unilever PLC, will now be headquartered in London under a so-called unification strategy designed to make it more responsive to economic challenges

Apple has announced that it will hold an event next week, where many expect it could reveal the design of the latest iPhone or other new products. The company is expected to reveal thr 1phone 12 phone which has 5G Capabilities.

The National Leadership of the Nigeria Union of Petroleum and Natural Gas Workers has directed petroleum tanker drivers to withdraw their services from Lagos State with effect from Monday. NUPENG said on Friday that the directive followed the failure of various authorities in the state to address three major issues that had severely caused petroleum

Shoprite has debunked rumours that it has plans to leave the Nigeria. The Director for Chastex Consult, Ini Archibong disclosed this. He said, “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking to just before now.” He explained. He continued, “We are not leaving, who

The Mountview Shopping Mall Abuja, has finally opened its doors to the general public for shopping activities. The mall had been ready since first quarter of the year for launch but couldn’t open because of the COVID-19 pandemic. The gradual ease of the lockdown and commencement of economic activities have created a window for the