The Federal Government on Thursday declared that all foreign brands of rice in the country at the moment were smuggled, adding that some of them were poisonous. According to the government, recent tests conducted by the Federal Ministry of Agriculture and Rural Development showed that most imported rice and poultry products were poisonous, as the […]

Federal Government officials and their World Bank counterparts on Wednesday agreed on the necessary steps to be taken before the presentation of Nigeria’s request for $1bn for consideration by the executive board of the institution. In a statement issued after a meeting in Abuja, the World Bank said it was committed to supporting the Federal […]

The Federal Government has ordered the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to ensure that the fuel scarcity currently being experienced across the country does not extend beyond this weekend. The directive was given to the minister on Wednesday during the weekly meeting of the Federal Executive Council presided over by Vice […]

The President of Dangote Group, Aliko Dangote, has been recognised as one of the people who defined global business in 2017. The Bloomberg 50 is a new, annual, multi-platform initiative that honours 50 icons and innovators who have changed the global business landscape in measurable ways over the past year. The first Bloomberg 50 honourees […]

The World Bank on Tuesday announced the provision of a $350m loan (N107.4bn at the official exchange rate of N307 to a dollar) for the development of rural electrification projects in Nigeria. It also announced Nigeria’s Rural Electrification Agency as the implementing organisation of the Federal Government that would be in charge of the loan. […]

The House of Representatives on Tuesday ordered a probe into the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun, over alleged financial abuses. At its plenary in Abuja, the House directed its Committee on Capital Market and other financial Institutions to conduct […]

YouTube CEO Susan Wojcicki said “some bad actors are exploiting” the Google-owned service to “mislead, manipulate, harass or even harm.” Google will have more than 10,000 workers address the problem by next year, though her blog post Monday doesn’t say how many the company already has. Spokeswoman Michelle Slavich said Tuesday that some have already […]

The fuel supply situation in the country took a turn for the worse on Tuesday as queues of desperate motorists grew longer at many petrol stations selling Premium Motor Spirit, also known as petrol, in Lagos, Ogun, Kwara and other states of the federation, including the Federal Capital Territory. Our correspondents gathered that many of […]