Nigerian households received an average of N84,741 as remittances between 2018 and 2019, according to the National Bureau of Statistics (NBS). The average value of domestic remittance stood at N62,492 compared to international remittance, which stood at N22,248. ...

Andrew Yakubu, former group managing director of the Nigerian National Petroleum Corporation (NNPC), has told a federal high court in Abuja that the monies seized from him by the Economic and Financial Crimes Commission (EFCC), were gifts he ...

The resumption of scheduled domestic flight operations yesterday was marked by low turnout of passengers. However, as domestic airline operators returned to the skies, the Director-General, Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, has said most airlines ...

In a related development, Osinbajo last night denied an allegation by one Jackson Ude that Magu gave him N4 billion from alleged looted funds. The allegation against the vice-president said to have been published by Ude online claimed ...

Forex turnover fell by 88% on Wednesday at the I&E window weakening the exchange rate to N386.76/$1. The exchange rate at the black market however remained flat at N461/$1 for the third consecutive day this week.   NAFEX: The naira depreciated ...

The US police officer accused of George Floyd’s murder told him to stop talking as he repeatedly gasped under the man’s knee, according to court documents. The unarmed black man cried out for his late mother and children ...

Many African organisations are well placed to drive the next wave of innovation in the global platform economy, according to the findings of a report by world-renowned platform economy expert Sangeet Paul Choudary and Standard Bank’s Corporate and ...

Ivory Coast’s PM Amadou Gon Coulibaly has died after falling ill at a ministerial meeting. The 61-year-old had been chosen as the ruling party’s candidate for October’s presidential election, after Alassane Ouattara said he would not seek a ...

The House of Representatives has commenced a probe of the power sector. This is being carried out by the Adhoc committee led by the majority leader of the house, Ado Doguwa, who says the sector is confronted with ...

Seven persons have died after an explosion at the ‘Oil Mining Lease 40’ operated by the Nigerian Petroleum Development Company (NPDC). The Group General Manager, Group Public Affairs Division (NNPC),  Kennie Obateru confirmed this in a statement on ...

Founding President of the Nigerian Chamber of Shipping and a former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has advised the Federal Government to merge the Nigeria Customs Service and the Nigerian Immigration Service to strengthen ...

The Nigerian Ports Authority (NPA) on Tuesday confirmed that it has 22 General Managers, 15 of which are of northern origin while only seven are from the southern part of the country. BizWatchNigeria reported on Monday that NPA ...

Nigeria has confirmed 460 new cases of the novel coronavirus also known as COVID-19. Confirming the cases on its official Twitter handle, the Nigeria Centre for Disease Control NCDC stated that 150 of the cases are in Lagos, ...

The federal government has suspended its earlier plan to reopen schools to enable Nigerian students to participate in scheduled external examinations. Announcing the suspension after Wednesday’s virtual Federal Executive Council (FEC) meeting in the State House, the Minister ...

The Nigeria Centre for Disease Control (NCDC) is to establish a molecular laboratory and an Emergency Operation Centre in Nasarawa State. NCDC Director-General, Chikwe Ihekweazu, disclosed this on Wednesday during a visit to Governor Abdullahi Sule at the ...

Harvard and MIT asked a court on Wednesday to block an order by President Donald Trump’s administration threatening the visas of foreign students whose entire courses have moved online because of the coronavirus pandemic. The universities’ lawsuit was ...

 Company Announces Worldwide Availability of 16TB and 18TB Capacities for Ultrastar® HDDs, WD Gold™ HDDs and Ultrastar Storage Platforms, Serving a Diverse Set of Workloads from Big Data and Enterprise/SMB Storage to SDS and Hyperscale Deployments  Continuously innovating ...

In a move to help its subscribers stay in touch with their loved ones abroad at a much more affordable cost, national telecommunications operator, Globacom, has slashed international call tariffs by as much as 55%. According to a ...

The Nigeria Export Processing Zones Authority, (NEPZA) has called for collaboration with the Nigeria Investment Promotion Commission, (NIPC) to increase the influx of local and international investors to the 41 Free Trade Zones strategically located in the country. ...

The Chief Registrar of Nigeria’s Federal High Court, Mr Emmanuel Gakko, has said the court will begin its annual vacation on July 27. The announcement is contained in a circular issued by Gakko on Wednesday in Abuja. He ...