Businessam Staff
Constituency projects gulped N2trn within 19 years ‘without results’ – ICPC
An estimated N2 trillion was spent on constituency projects in Nigeria since year 2000 without commensurate development at the grassroots,…
Microsoft invests $1 billion in Elon Musk’s artificial intelligence project
Microsoft is investing $1 billion in Elon Musk’s OpenAI to build artificial intelligence that can tackle more complex tasks, the companies announced Monday.…
China to impose anti-dumping tax on stainless steel from Indonesia, EU, Japan, South Korea
China said on Monday it will impose anti-dumping duties on some stainless steel products imported from the European Union, Japan,…
Oil prices rise more than 1% after Iran seizes British tanker
Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply…
Frenzied debut of China’s Nasdaq-style board adds $44bn in market cap
Trading on China’s new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much…
Investors jittery as losses rise to N1.31tr
Many investors are in jitters as sustained losses depressed the share prices of most quoted companies to their lowest values…
Electricity: FG negotiates new supply terms with Benin, Niger republics
The federal government has renegotiated new terms for the supply of electricity to the neighbouring West African countries of Benin…
NNPC records trading surplus of N6.33bn in May
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for May 2019, which is 13…
No restrictions on banks from investing in treasury bills, says CBN
The Central Bank of Nigeria (CBN) yesterday dismissed reports that it had barred commercial banks from investing in treasury bills.…
TCN suspends Kano Disco from electricity market
The Transmission Company of Nigeria said on Sunday that it had suspended Kano Electricity Distribution Company from the morket Operator-administered…
The Daily Newsletter
