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Foreign direct investment in Nigeria rises to $223.3 million in the first five months of 2022

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Local Stories

ASUU strike: President Buhari appeals to the union to reconsider strike action

President Muhammadu Buhari has urged the Academic Staff Union of Universities (ASUU) to reconsider its position as the ongoing strike action continues to affect an entire generation and the nation. Read more…

NDLEA arrests fleeing Kuje prison inmate with drugs in Abuja

The National Drug Law Enforcement Agency, NDLEA, has announced the arrest of one of the inmates who escaped from the Medium Security Correctional Centre, Kuje in Abuja. Read more…

Federal High Court issues new practice direction on pre-election matters

Chief Justice (CJ) of the Federal High Court of Nigeria, Justice John Tsoho, has issued a new practice direction to ensure the fair, impartial and expeditious determination of pre-election matters, ahead of the 2023 general elections. Read more…

Shettima gets nine APC governors’ support amid criticism of the Muslim-Muslim ticket

Nine governors of the All Progressives Congress (APC), yesterday, after an hour-long closed-door meeting with President Muhammadu Buhari at his private residence in Daura, Katsina State, declared their support for Senator Kashim Shettima as running mate to the party’s presidential candidate, Asiwaju Bola Tinubu in the 2023 general election. Read more…

International Stories

Biden seeks to persuade Saudi Arabia to pump more oil as prices soar

Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to persuade Riyadh to pump more oil to bring down prices that are fuelling inflation to the highest levels in decades. Read more…

Japan mourns as the funeral for former PM Abe held in Tokyo

Mourners lined the streets of central Tokyo on Tuesday to bid farewell to assassinated former Japanese prime minister Shinzo Abe, as his hearse was driven past political landmarks after a private funeral. Read more…

Russia reports the first case of monkeypox

Russia on Tuesday said it had detected the first case of monkeypox in the country in a man who returned from a trip to several European nations. Read more…

Ukraine war: Iran plans to supply Russia with drones, US warns

Iran plans to supply Russia with potentially hundreds of drones for its war in Ukraine, some with combat capabilities, a US official has said. Read more…

Business Matters

Nigeria’s box office sale falls to N363million in June 2022

It has been an interesting year for theatrical releases. Ever since the global pandemic, studios have had to make their marketing more diverse to appeal to a wider audience. Read more…

Foreign direct investment in Nigeria rises to $223.3 million in the first five months of 2022

Nigeria attracted a sum of $223.3 million as foreign direct investments (FDI) in the first five months of 2022, that is between January and May of the year, representing a 3.7% increase compared to $215.3 million recorded in the corresponding period of the previous year. Read more…

BUA’s Abdul Samad Rabiu was re-appointed as President of, the France-Nigeria Business Council by French President, Emmanuel Macro

Abdul Samad Rabiu, Founder and Chairman of BUA Group, one of Africa’s largest foods, mining, manufacturing and infrastructure companies, has been re-appointed as President of the France-Nigeria Business Council by President Emmanuel Macron of France. Read more…

‘FG should legalise artisanal refineries to end scarcity’

The Director of the Institute for African Renaissance Studies and Realisation at the Gregory University Uturu, Alhaji Yahaya Ndu, on Sunday, called on the Federal Government to legalise the operations of artisanal crude oil refineries in order to make petroleum products available and affordable for Nigerians. Read more…

Tech Updates

Twitter's legal team calls Elon Musk's attempt to exit the acquisition deal 'invalid and wrongful'

Elon Musk wants to cancel his deal to buy Twitter, but the social media company is having none of it. Read more…

Metro

Activist, Aisha Yesufu solicits N100 billion donation for Peter Obi’s campaign

Popular activist, Aisha Yesufu has taken to social media to canvass for the donation of N100 billion for the sole purpose of Peter Obi’s presidential campaign. Read more…

Quote of the Day

"Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion."
—Jack Welch