Business

NLNG Plans $4b Gas Project

The Nigerian Liquefied Natural Gas Limited (NLNG) is planning to hire Nigerian companies to develop Train 7 gas project expected to commence soon to increase gas production to 30 million tonnes yearly. The project which would cost over $4 billion dollars is designed to improve on the present production of 22 million tonnes per annum (MTPA). Mr Tony Attah, NLNG’s ...

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12 Finalists Selected In UBA Foundation National Essay Competition 2018

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of the competition, where three winners will emerge after undergoing supervised essay writing on a different topic from the original entry, ...

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Stock Market: Foreign Investors Withdrew N94.43bn In Q3

Foreign portfolio investors withdrew a total of N94.43bn from the nation’s stock market from July to September this year. The Nigerian Stock Exchange, in its domestic and foreign portfolio investment report for September, said the amount withdrawn by foreign investors in the third quarter was 23.59 per cent lower than the N123.59bn pulled out in the previous quarter. The report, ...

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FG To Lend More Traders N10,000

…as Osinbajo launches Tradermoni in other markets in Lagos today In continuation of the Buhari administration’s TraderMoni scheme, which has so far given N10,000 collateral and interest-free loans to over 800,000 petty traders nationwide, Vice President Yemi Osinbajo, SAN, is expected to be in Lagos today to formally launch the scheme in other markets in the state. The Vice President ...

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How Nigerian women are using WhatsApp to chat, learn and earn

Messaging services like WhatsApp open many doors for Nigerian women. i_am_zews/Shutterstock Salihu Ibrahim Dasuki, Sheffield Hallam University and Naima Hafiz Abubakar, Bayero University, Kano Mobile phones have become widespread all over the world, including in rural and low-income communities. As research shows, these devices have the potential to bring about significant societal change – a fact acknowledged in the United ...

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Bitcoin turns ten – here’s how it all started and what the future might hold

Sashkin / Shutterstock Jack Rogers, University of Exeter A mysterious, anonymous entity known as “Satoshi Nakamoto” posted a white paper on October 31 2008 entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. It was the first time that the concept of Bitcoin entered the world. But outside of the cypherpunk mailing lists – those promoting the use of privacy-enhancing technology – ...

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Payers To Bear Charges As New TSA Regime Begins

There are indications that from today, (Thursday, November 1), the service charge on all payments into the Treasury Single Account of the Federal Government will be borne by the payer of such funds. Findings by The Punch revealed that this was one of the decisions reached at a stakeholders’ sensitisation programme on TSA e-Collection charges held in Abuja on Wednesday. ...

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African cities can raise more money. Kenya and South Africa offer useful lessons

Shutterstock Sarah Colenbrander, University of Leeds and Ian Palmer African cities will gain a billion new residents by 2050. But local authorities across the continent don’t have the resources, powers or skills set to meet the growing demand for housing and services. Africa’s rapid urbanisation is a huge opportunity for national governments. It’s cheaper to provide all kinds of services ...

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