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Sunday, January 17, 2021

Business

Lagos Government Debt Hits N158 billion

Lagos State currently has N158 billion debt stock for which it has committed N31 billion to servicing.https://twitter.com/IntelRegion/status/1313421958080536581The state Commissioner for Finance, Dr. Rabiu Olowo,...

BREAKING: Nigeria Debt Hits N32.22tr In Q3

The National Bureau of Statistics (NBS) has said as at Third Quarter (Q3) 2020, Nigeria’s total debt stood at N32.22 trillion.https://twitter.com/IntelRegion/status/1313421958080536581The NBS In a...

FG disburses N123bn World Bank fiscal transparency grant to states

The federal government has disbursed N123.34 billion performance-based grant to eligible states under the World Bank supported states fiscal transparency, accountability and sustainability (SFTAS)...
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NRC Commences E-Ticketing Platform On Abuja-Kaduna Train

The Nigerian Railway Corporation (NRC) has rolled out an online ticketing platform for the Abuja-Kaduna train service. https://twitter.com/IntelRegion/status/1313421958080536581The service was launched on Wednesday morning but...

Whatsapp Assures Users of Privacy As Users Abandons Application

WhatsApp on Tuesday reassured users about privacy at the Facebook-owned messaging service as people flocked to rivals Telegram and Signal following a tweak to...

Donald Trump Channel Suspended By YouTube

YouTube has suspended US President, Donald Trump’s channel for at least a week.https://twitter.com/IntelRegion/status/1313421958080536581The video-sharing platform made this known in a statement, explaining that a...

BREAKING: Federal Government To Borrow 850Bn To Fund 2021 Budget

The Nigerian government will borrow N850 billion from dividends and dormant accounts as part of funding for the 2021 appropriation.https://twitter.com/IntelRegion/status/1313421958080536581The Minister of Finance, Budget...

JUST IN: Telegram Gets 25 Million New Users In Three Days

It's only just getting started, but 2021 feels like it will be a crucial year for social apps. The world's most popular app, WhatsApp,...

BREAKING: Nigeria Daily Oil Production To Be Reduced By 313 Thousand Barrels

Nigeria has agreed to voluntarily cut its daily crude oil production by 939,000 barrels between January and March. https://twitter.com/IntelRegion/status/1313421958080536581 This is according to a voluntary production...

70% of workers on Lagos-Ibadan railway has been sacked -FG

The workforce for the Lagos-Ibadan rail line has dropped by 70 per cent following COVID-19 spike as the January target for the commissioning may...

Elon Musk Becomes World’s Richest Man

Elon Musk, the outspoken and envelope-pushing founder and CEO of Tesla, overtook Amazon boss Jeff Bezos to become the world’s wealthiest person, US media...

BREAKING: FG Directs Immediate Reverse of Hike In Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC) has been directed by the Minister of Power, Mr Saleh Mamman, to remind all electricity distribution companies (DISCOs)...

BREAKING: FCMB Appoints Yemisi Edun As Acting Managing Director

First City Monument Bank Limited has appointed Mrs Yemisi Edun as acting managing director of the bank after the Managing Director, Adam Nuru, decided...

BREAKING: In Ibadan, Man Loses Life Inside Cocoa House Lift, 3 Injured

A man has been reported to have died inside the elevator of the Cocoa House Building at Dugbe area of Ibadan.https://twitter.com/IntelRegion/status/1313421958080536581This was said to...

Increase In Electricity Tariff Will Damage Economy -LCCI, Labour

LABOUR and the foremost trade sector group, Lagos Chamber of Commerce and Industry (LCCI) on Tuesday warned that the 100 per cent hike in...

Intels denies Abubakar Atiku business sabotage claims

On Tuesday, Intels Nigeria Ltd., an oil and gas logistics company, said its business has not been hampered by the current government's political influences,...

BREAKING: FG Increases Electricity Tariff

The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies,...

Saudi Arabia and Qatar to open airspace, land and sea borders

Saudi Arabia will reopen its airspace and land and sea borders to Qatar, Kuwait’s foreign minister said on Monday.https://twitter.com/IntelRegion/status/1313421958080536581The move is the first step...

FG Agrees To Discount On Cement Prices For Mass Housing Project

Vice President Yemi Osinbajo says the country's cement producers have agreed to provide discounts in support of a mass housing project by the federal government.https://twitter.com/IntelRegion/status/1313421958080536581Following an inspection tour of the completed model houses in Dei Dei, Abuja, Osinbajo was speaking. Under the economic sustainability plan (ESP) for lowincome earners, the Muhammadu  Buhari-led administration aims to construct 300,000 houses through its social housing scheme.  The buildings would be affordable for all, including Nigerians earning a minimum salary of N30,000, Osinbajo said. Join any of these WhatsApp Groups to receive Prompt News Update on WhatsAppiR News Room 1iR News Room 2iR News Room 3He...

2021 Budget: President Buhari Warns Revenue Agencies

President Muhammadu Buhari Thursday in Abuja issued stern warning to agencies of government saddled with generating revenue generation to work hard to meet their...

BREAKING: President Buhari signs 2021 Budget of 13.58 Trillion Naira into law

President Buhari has signed the 2021 Budget of 13.58 Trillion Naira into law.https://twitter.com/IntelRegion/status/1313421958080536581The President signed the Appropriation Bill alongside Finance Bill 2020 earlier this...

Dubai Cuts 2021 Budget As Pandemic Impacts Economy

Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism...

FG Targets $200m Yearly Revenue from NPDC Gas Facility

The federal government said yesterday that the Integrated Gas Handling Facility (IGHF) and Liquefied Petroleum Gas (LPG) processing and dispensing plants in Ologbo, Edo...

Dangote Cement hits highest price in 28 months ahead of share buyback plan

Shares of Dangote Cement, Africa’s biggest cement producer, was on full bid yesterday gaining 10 percent — the biggest in five months, as investor...

BREAKING: Oil prices slip nearly 2% as new virus strain dashes recovery hopes

Oil prices dropped nearly 2 percent on Tuesday as a new strain of the novel coronavirus in the United Kingdom (UK) triggered concerns over...

NDIC Commences Closure Of 42 Microfinance Banks

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 microfinance banks after a directive from the Central Bank of Nigeria (CBN).https://twitter.com/IntelRegion/status/1313421958080536581The...

COVID-19: Countries Ban UK Flights As Britain Says New Cases Are Out Of Control

European countries banned flights from the UK on Sunday and the WHO called for stronger containment measures as the British government warned that a...
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Never bite the hand that feeds you – Medikal, Shatta Wale, others drag Burna Boy (video)

Ghanaian Celebrities including Shatta Wale and Medikal have taken to their various social media handles to drag Grammy nominated Nigerian singer Burna Boy.  https://twitter.com/IntelRegion/status/1313421663502041089 Shatta Wale...

The moment Actress Iyabo Ojo breaks down in tears over her failed marriage (video)

Popular Nollywood actress, Iyabo Ojo has taken to social media where she revealed how she battle depression after her marriage of many years crashed.https://twitter.com/IntelRegion/status/1313421663502041089The...

Actress Toyin Abraham celebrates her husband, Kolawole Ajeyemi on his birthday

Award-winning Nollywood actress, Toyin Abraham has taken to social media to celebrate her husband, Kolawole Ajeyemi on his birthday.https://twitter.com/IntelRegion/status/1313421663502041089According to Toyin Abraham, her husband Kolawole...

James Brown breaks down in tears as he apologizes to Bobrisky (Video)

Nigerian cross-dresser, James Brown has apologized to his senior colleague Bobrisky after they clashed and dragged each other on social media.https://twitter.com/IntelRegion/status/1313421663502041089Recalled that both cross-dressers took to social...

BREAKING: Federal University Gets First Female Vice-Chancellor

Professor Maimuna Waziri has emerged as the 3rd Vice Chancellor of the Federal University, Gashu’a, Yobe state.https://twitter.com/IntelRegion/status/1313421958080536581Waziri, a Professor of Chemistry beat 48 other...
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