May 22, 2020

Nigeria’s Helium Health raises $10M Series A for Africa expansion

A promising Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke Olubusi told TechCrunch. The startup offers a product suite that digitizes […]

May 22, 2020

Contractors continue demonstration over more than N17bn owed by Ministry of Agric

Disgruntled contractors owed over N17bn by the Federal Ministry of Agriculture and Rural Development are mobilising to stop the FMARD’s minister from gaining entry into his office again on Friday (today). About 50 members of the Concerned Unpaid 2018 Contractors of the FMARD had picketed the ministry’s headquarters in Abuja on Wednesday, blocking the major […]

May 21, 2020

Possible reduction in fuel pump price by June, as operators explain why NNPC cut depot price

Industry operators said on Wednesday, that the Nigerian National Petroleum Corporation (NNPC) took the latest decision of marking down the ex-depot price of petrol in a bid to keep it competitive after the state-owned firm lost the monopoly of fuel importation and private oil firms were handed licences to begin to bring in imports.  The […]

May 21, 2020

Market index undergoes rising profile, up by 1.03 per cent

The Nigerian Stock Exchange equity sector has recorded price gains which have continued to outweigh losses, as more blue-chip stocks appreciated at price, causing the All-Share Index (ASI) to rise further by 1.03 per cent. Precisely, at the close of transactions yesterday, ASI increased by 249.36 absolute points, a gain of 1.03 per cent to […]

May 20, 2020

Maritime: Call on CBN to give logistics sector priority – Shippers’ Council

The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has called on the Central Bank of Nigeria, CBN to give priority to the maritime and logistic sectors as part of measures to boost the non-oil sector of the nation’s economy. During a meeting with the press yesterday in Lagos Bello made a call […]

May 20, 2020

PPPRA clears marketers to import petrol

PRIVATE oil marketers have now joined forces with the Nigerian National Petroleum Corporation in the importation of petrol. On Tuesday in Abuja,  it was confirmed from the Petroleum Products Pricing Regulatory Agency who issued permits, that they had given several marketers the opportunity to start importing petrol alongside the NNPC. Before the descending oil sector […]

May 19, 2020

COVID-19: Unfavourable effect on 80% of businesses

The Lagos Chamber of Commerce and Industry (LCCI) has indicated that over 80 percent of businesses were under the adverse impact of the Coronavirus (COVID-19) pandemic. This came from the report of the Chamber’s survey on “Lockdown and its Impact on Businesses”, released yesterday which also indicated that 50 percent of the businesses affected were […]

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