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Business

February, 2021

  • 12 February

    2 die as Herdsmen attack Ogun communities, Schools, hospitals shut

    Suspected Fulani herdsmen, on Thursday, attacked Owode-Ketu and Ijoun villages in the Yewa-North Local Government Area of Ogun State and reportedly killed two persons. The victims, Isiaka Apesin and Oguntosin Adebayo, were killed on their way to their farms by the herdsmen, who laid an ambush for them. Eyewitnesses said after killing the farmers, the herdsmen went into the two ...

  • 12 February

    Conflict : SEC opts for Crypt regulation, as CBN bans it

    The Securities and Exchange Commission is trying hard to explain the conflicting directions of the two regulatory bodies. SEC said it decided to provide regulatory certainty within the digital asset space last year due to the growing volume of reported flows. SEC, the apex regulator of the nation’s capital market, had in September last year described digital assets, including crypto ...

  • 11 February

    Heineken to cut 8,000 jobs, move ‘beyond beer’ to offset COVID-19 losses

    The brewer, which is pushing to dominate the Nigerian market, will cut personnel expenses by about 350 million euros. The company is seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would ...

  • 11 February

    Real Reasons FG Is Replacing BVN, Others With NIN

    The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, recently disclosed that the federal gover’vAside from BVN, there are other key data systems in Nigeria. Some of these are the Drivers Licence, issued by the Federal Road Safety Corps (FRSC), the Tax Identification Number (TIN) and the International Passport Number. Others include professional licences like medical practice ...

  • 11 February

    Amokachi confesses: I lied to play for Everton in 1995 FA Cup semi-final

    Daniel Amokachi, former Super Eagles forward, has recounted how he told a lie to force himself into a match without his coach’s consent during the 1995 FA Cup semi-final clash between Everton and Tottenham. Everton had looked comfortable going 2-0 up, courtesy goals from Matt Jackson (35) and Graham Stuart (55) but a controversial penalty, which was converted by Jurgen ...

  • 11 February

    BEWARE!.. False claim circulates online that NIMC has approved NIN self-registration

    A Post circulating on WhatsApp claims that the National Identity Management Commission (NIMC) has approved a website for online National Identification Number (NIN) self-registration. The NIMC is a Nigerian government agency that operates and regulates matters of national identity in the country. The post, retrieved from a WhatsApp group on February 8, 2021, asks people to avoid unnecessary crowd at ...

  • 11 February

    Again, Emirates Airlines suspends flights from Nigeria

    Emirates Airlines has suspended flights from Nigeria to Dubai for two weeks, until February 28 2021. It said travellers from both Abuja and Lagos would not be accepted for travel prior to the date, according to a statement issued by the airline on Wednesday. Also, the carrier warned that passengers who have been to or connected through Nigeria in the ...

  • 11 February

    National Theatre to be Renovated for N21Billion – Lai Mohammed

    “I sought and obtained an approval to execute a memorandum of understanding between the Federal Ministry of Information, the Central Bank of Nigeria (CBN) and the Bankers Committee worth N21 billion for the renovation of the National Theatre Iganmu, Lagos. This is a landmark approval because it has paved the way for investment in the creative industry as part of ...

  • 10 February

    Man arrested for throwing sick baby into Lagoon !

    Fatai Yussuf, has been remanded in a custodial centre in Lagos over alleged killing of his six-week-old daughter whom he threw into a lagoon because she was sick. The Chief Magistrate, P.E. Nwaka, gave the remand order at a Magistrates’ Court in Yaba, Lagos on Wednesday. Mr Yussuf is facing a count charge of murder, but his plea was not ...

  • 10 February

    What you need to know on the markets this week: the future of Ethereum

    The army of Reddit day traders appears to be moving on, having pumped up everything from cryptocurrencies, to tiny biotech stocks in the last week, now that their firing up of GameStop, AMC, Nokia and co seems to have mostly run its course. This coming week, we’ll be looking at the future of Ethereum , the pickup in consumer inflation ...