By virtue of the provisions of section 4 and the Second Schedule to the Constitution of the Federal Republic of Nigeria 1999 (as amended), which excludes land from the listed…
Category: Business
COVID-19: UK goes into recession first time in 11 years
The United Kingdom, UK, has officially fallen into recession for the first time in 11 years due to the huge impact of the coronavirus pandemic. A report from the Office…
CBN lifts suspension on cheque clearing
The Central Bank of Nigeria (CBN) has lifted suspension placed on cheque instruments in the Nigerian clearing system. Consequently, cheque instruments will be allowed to pass through the clearing system…
AfDB: Whistleblowers’ Allegation of Misconduct Spurious; politically motivated-: says Adesina:
Adesina was elected for his first term as President by the bank’s Board of Governors at its Annual Meetings in Abidjan on May 28, 2015. He has been endorsed by…
Access Bank closes branch after customer tests positive to COVID-19
Access Bank Plc has closed its Ligali Ayorinde Branch on Monday after a customer who visited last week tested positive to coronavirus [COVID-19]. The bank announced this in an urgent…
Broadcasting Commission gets new Head
Professor Aduku Armstrong Augustine Idachaba, Director, Broadcast Policy and Research, has been appointed to oversee the office of the Director General of the Commission. This appointment followed the suspension of…
Amazon, Sony and Ericsson pull out of Mobile World Congress over coronavirus fears
The world’s largest mobile event is losing some of its biggest names.Amazon (AMZN), Ericsson (ERIC) and Sony (SNE) are withdrawing from this year’s Mobile World Congress because of the risk that attendees could catch the coronavirus that originated…
The world’s largest offshore wind farm is nearly complete, can power 1 million homes
The world’s largest offshore wind farm is taking shape off the east coast of Britain, a landmark project that demonstrates one way to combat climate change at scale. Located 120…
Senegalese designer creating fashion prints from maths equations
Maths teacher Diarra Bousso Gueye was grading a set of algebra papers when she had a Eureka moment. Gueye, who had long harbored fashion aspirations from her childhood when she…
87% Nigeria’s poverty rate in North – World Bank
The North accounted for 87% of all the poor people in Nigeria in 2016, the World Bank has disclosed in a new report. The report titled ‘Advancing social protection in…