Ogun State, Nigeria, World News & Stories
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The buyer of Shoprite’s local business in Nigeria has been revealed. It is Persianas, a Nigerian property company. According to PM News, Reuters reported this on Wednesday, citing multiple sources, including banks. The retail chain, with over 2,300 stores across Africa, is awaiting regulatory assent on the sale of its Nigerian retail store operation, though…
Except there is last minute change in plans, the Vice President, Prof Yemi Osinbajo will today, Thursday join Governor Dapo Abiodun to flag off a digital empowerment programme in Abeokuta, the state capital. In a press release signed by the Chief Press Secretary (CPS) to the Governor, Mr. Kunle Somorin, he quoted the Director, Information…
The Federal Government of Nigeria through the finance minister said Mr Obaseki’s allegation was a bad one because it was “untrue”. The federal minister of finance, budget, and national planning, Zainab Ahmed, refuted Obaseki’s allegation while speaking with members of the press attached to Asorock in Abuja on Wednesday. Mrs Zainab Ahmed said Mr Obaseki’s…
Lamenting the misinformation in some quarters, the management of Dangote Cement Plc, yesterday, refuted any form of price increase, clarifying that the product from its factories and plants nationwide sells for N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of value-added tax (VAT). The clarification, the company noted, followed recent insinuations that it…
The Federal Government is to engage 30,000 graduates to serve as agriculture extension workers who will provide strategic support to farmers across the country. It also announced on Monday that it had empowered 20 young Nigerian farmers with an initial take off grant of N30m, adding that the fund was provided through the Bank of…
South African Elon Musk is now the richest person in the world as his $185 billion fortune passes that of Jeff Bezos’ $184 billion. He is officially the richest person in the world after his wealth surpassed that of Jeff Bezos. Musk new position as the world richest person was helped by an increase in…
The federal government yesterday formally kick-started the Special Public Works (SPW) programme, set to create 774,000 jobs for the youths. Mr. Festus Keyamo (SAN), the Minister of State for Labour and Employment said at the opening of the programme in Abuja that it would provide economic empowerment to the beneficiaries. The SPW, which is expected…
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of the cut deal by the Organisation of the Petroleum Exporting Countries and its allies. The latest data obtained from OPEC on Wednesday showed that Nigeria’s oil output dropped from 1.34 million bpd in October, based…
The projection is contained in the December 2020 Nigeria Economic Alert released by PricewaterhouseCoopers (PwC) on Monday. In the released, the accounting firm said that Nigeria’s gross domestic product (GDP) growth rate will likely fall between -1.5 percent and 0.5 percent in the fourth quarter of 2020. According to them the fourth quarter GDP quarter…
President Muhammadu Buhari has ordered the immediate opening of four Nigerian land borders. The affected borders are Seme in the southwest, Illela in Sokoto State, Maigatari in the northwest, and Mfun in the south-south. Alos read: Buhari hails Anthony Joshua victory over Pulev The announcement of the opening of the borders was made by the…
