French television company Canal+ has acquired Lagos-based ROK film studio from VOD company IROKOtv. ROK film studio was incubated to create original content, particularly Nollywood…
OPay, a mobile payments startup owned by Norwegian browser firm, Opera, has secured $50 million in funding from three Chinese companies; Sequoia China, IDG Capital,…
Members of the Islamic Movement in Nigeria again clashed with the Police at the Federal Secretariat, Abuja, on Thursday. Five members of the Shi’ite were…
The Federal High Court, sitting in Abuja, has awarded damages of over ₦5.5 billion against the Nigerian Customs Service and the Chairman of its Board…
A panel set up to recover public property has claimed that ExxonMobil owes the FG up to $1.6 billion (about ₦684 billion at ₦360/$1). The Okoi…
The CBN says that Nigeria’s poultry sub-sector is the most commercialised of all agricultural sub-sectors with a current net worth of ₦1.6 trillion ($4.44 billion).…
Airtel Africa plans to list on the Nigerian Stock Exchange today after the NSE postponed the listing which had been scheduled for Friday. This was…
The NNPC has fully paid $833.57 million owed to ExxonMobil’s local subsidiary. The money to the oil firm was a long-standing debt owed via “cash…
There is speculation that Nigeria’s economy will face further pressures from the maritime sector as members of the Maritime Workers Union of Nigeria went on…
The NNPC spent ₦771, 391,262,249 in the 13 months from October 2018-2019 to ensure that the pump price of petrol remained at ₦145 per litre…
