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Nigeria’s Central Bank Displays Its Incompetence On International Stage With Trapped Airlines’ Funds…
A United States Professor of Applied Economics, Steve Hanke, has said that over $743 million earned revenue of international airline carriers trapped in Nigeria is an indication that the Central Bank of Nigeria…
Dangote Tops Forbes List of Africa’s 18 Richest Men for 2023, Rabiu Records Impressive Wealth…
Aliko Dangote, the chairman and CEO of the industrial conglomerate Dangote Group, has held onto his position as the wealthiest man in…
Banks’ deposits with CBN drop 95.82% on naira redesign
Commercial banks’ deposits with the Central Bank of Nigeria (CBN), known as Standing Deposit Facility (SDF), has dropped by 95.82 percent in less than two months due to the cash crunch occasioned by the naira…
Why Price Of Rice May Rise Further
Paddy scarcity leaves millers in tight spot Consumers are becoming increasingly alarmed by the rising price of processed rice, which millers attribute to the cost of…
Lekki risks being new Apapa on port, refinery
Francis Edidiong, a computer engineer, lives in Bogije in the Ibeju-Lekki area of Lagos and works with an information technology firm in Victoria Island. Although Lekki Deep Seaport and the Dangote Refinery, both…
Neighbours feed fat on Nigeria’s poorly funded, inefficient seaports
• Local ports get N2 billion budgetary allocations in eight years • Ports recovering with current reforms, NPA boss says Eight years after…
Jay-Z, Rihanna, Kim Kardashian lead celebrities on Forbes’ billionaire list
American rapper, Shawn Carter popularly called Jay-Z, Rihanna and Reality TV star Kim Kardashian are among the world's billionaires according to Forbes.…
Elon Musk No Longer World’s Richest Man — Forbes
Elon Musk the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of the Boring Company; co-founder of Neuralink and OpenAI;…
Cash App Founder, Bob Lee Stabbed To Death In US City, San Francisco
The founder of Cash App and former chief technology officer of Square, Bob Lee has been stabbed to death.According to sources, the tech executive was stabbed early Tuesday morning near downtown San Francisco, KPIX…
Tinubu Presidency: Sanusi may return as CBN governor
A powerful lobby is currently pushing for the return of Sanusi Lamido Sanusi as governor of the Central Bank of Nigeria, CBN, as the shape of Tinubu’s presidency begins to emerge. Sanusi, whose forte is…
Petrol price post-subsidy hangs on dollar rates
The naira-dollar exchange rate is a major factor that will determine the pump price of petrol after the…
Pest Attack: Kano Tomato Farmers Lose Over N1.5bn
Over N1.5 billion worth of tomato plantations is said to have been destroyed by the recent attack of tuta absoluta, a tomato pesto that is described as one of the most devastating insects affecting tomato crops.…
Relief As Federal Govt Halts Planned Raise In Excise Duty On Beverages
The Manufacturers Association of Nigeria (MAN) has expressed relief following the decision of the federal government to halt the proposed increase in excise duty on alcoholic, non-alcoholic beverages and…
Subsidy removal’ll set Nigeria on fire – NLC warns
The Nigeria Labour Congress, NLC, has warned that those pushing for subsidy removal in Nigeria want to set the country on fire, following the announcement that the outgoing government of President Mohammadu…
Emefiele committed a crime against humanity and the nation — Wole Soyinka
Wole Soyinka, Professor of Literature and Noble Laureate Prize winner for Literature in 1986, has condemned in very strong terms the naira redesign policy of the Godwin Emefiele-led Central Bank of Nigeria (CBN),…
Despite Dollar Restriction: Nigeria Imports N300bn Palm Oil In Six Years
Despite featuring prominently on a June 2015 list of import item not valid for forex by the Central Bank of Nigeria (CBN), Nigeria imported at least N299.6bn of palm oil from 2017 to 2022, an analysis of…
Nigeria’s debt per citizen hits N217,136 amid rising poverty
Nigeria’s debt per citizen has hit N217,136 ($484) amid rising poverty across states, according to analysis of data by BusinessDay. Poverty has risen in the country in recent months, with 133 million…
Dollar ticket sales grow as airlines sidestep trapped funds
Foreign airlines operating in Nigeria have deployed several means to avoid collection of ticket sales proceeds in naira so as to reduce the amount of money trapped in Nigeria. The National Association of…
UFC, WWE To Merge In Deal Worth $21bn
Two American promotion companies, Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) will soon merge under one name. This was after the former’s parent group Endeavor confirmed they…
Nigeria Struggling To Find Buyers For Crude
Nigeria is still struggling to find buyers for its oil as strikes at French refineries and seasonal maintenance at plants elsewhere in Europe curb demand. Little Nigerian crude traded last week, with more than 20…
Dangote demonstrates use of Cement variants at Enugu Fair
As part of its public enlightenment programme, Dangote Cement has demonstrated how to put into appropriate…
20,000 Free Eye Surgeries, Nigerians Celebrate FCMB and Tulsi Chanrai Foundation
Over 20,000 visually impaired Nigerians have successfully undergone free corrective…
Leadway Becomes First Insurance Coy to Cross N104.4bn in Total Premium
Leadway has emerged the first insurance company in Nigeria to cross 3-digit billion mark with total premium…
Former Arik Management, AMCON Bicker Over Takeover of Airline
The management of Asset Management Corporation of Nigeria (AMCON) and the former management of Arik Air are bickering over the judgment of the Federal High Court sitting in Lagos on Friday. While earlier news on…