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Business
BREAKING: NLC suspends planned nationwide strike over naira scarcity
The Nigeria Labour Congress (NLC) has suspended their planned nationwide strike over the scarcity of naira notes. The labour…
PENGASSAN okays subsidy removal
Despite the inability of local refineries to resume operation, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has given the Federal Government the go-ahead to remove the Premium…
Nigerian Banks To Raise Individuals’ Cash Withdrawal Limits To N100,000 To Decongest Branches
Commercial banks are set to raise their cash withdrawal limits from the current…
Emefiele Begs NLC To Shelve Protest Over Naira Scarcity
The governor of Central Bank of Nigeria, Godwin Emefiele, on Monday appealed to the Minister of Labour and Employment, Chris Ngige, to prevail on the leadership of Nigeria Labour Congress (NLC) over its planned…
Poultry farmers beg government for help over egg glut
Poultry farmers in Lagos have decried the egg glut in the market and appealed to the government to mop up the produce. Some poultry farmers across the state, who spoke to journalists on the effect of egg glut on…
Report banks not dispensing cash — NLC
THE Nigeria Labour Congress, NLC, has directed workers to report banks not dispensing cash to its state councils, ahead of a planned strike over the scarcity of naira notes across the country. This is even as leaders of NLC have…
Gombe Retains Top Position As Easiest State For Business
The Presidential Enabling Business Environment Council (PEBEC) has released the second edition of the Subnational Ease of Doing Business Report for 2023, which once again placed Gombe ahead of the 36 states…
Blame game, accusations as e-mandate fails to halt soaring unclaimed dividends
The issue of unclaimed dividends often dominates discussions at Annual General Meetings of listed…
37-year-old Lagos commissioner for finance wins forty under 40 Africa award
37-year-old Commissioner for Finance, Dr. Rabiu Olowo, has emerged winner of the Forty under 40 Africa Awards. The prestigious award organized by Black White Hover Law Practices celebrates the continent’s…
Scarcity of Naira easing as banks comply with CBN’s new directives
There are indications that the three-month-old cash shortages rocking Nigeria’s economy would fizzle out this week following banks’ compliance with the latest directives of the Central Bank of Nigeria,…
Twitter worth less than half of what I paid for it – Musk
Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he…
Deregulation: Brace for N750/Litre Petrol When Subsidy is Removed – Stakeholders Tell…
*Want govt to channel savings from subsidy to provision of palliatives for masses *25 Nigerian crude shipments struggle to find buyers in Europe as French strike continues *More than half of Nigerian…
Churches hit by cash scarcity
Since December 2022, Nigerians have been grappling with the…
Queues Disappear In Lagos As Bank ATMs Dispense Cash
Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks, according to the News Agency of Nigeria (NAN).…
Nairametrics founder named 2023 EY entrepreneur of the year
The founder/Chief Analyst of leading financial news platform, Nairametrics,…
Emefiele to lead monitoring of CBN’s efforts to ease naira scarcity
The Governor of Central Bank of Nigeria, CBN , Godwin Emefiele, would personally monitor compliance of the commercial banks to measures to ease the circulation of banknotes of various denominations across the…
Emirates Airlines Decries $260million Trapped Funds In Nigeria
Emirates Airlines has said it has a “substantial” amount of ticket sale revenue trapped in Nigeria and has made only slow progress in repatriating blocked funds out of Africa’s largest economy. This was made known by the airline while…
My letter to presidency was in company’s best interest, Bryant Orjiako replies Seplat
Bryant Orjiako, ex-chairman and co-founder of Seplat Energy Plc, has refuted allegations of false representation levelled…
CBN directs banks to open on Saturday and Sunday
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial…
Beyonce and Adidas part ways after five years
Beyonce and Adidas have finally parted ways, ending their deal with mutual consent. According to reports by sources. The partnership which…
Court dismisses Dumo Lulu-Briggs’ suit challenging Moni Pulo ownership
The Federal High Court in Abuja has dismissed a suit challenging the late Kalabari High Chief,…
NNPCL projects N674bn post-PIA annual profit
The Nigerian National Petroleum Company Limited, on Thursday, projected that its profit for the…
Naira Scarcity: Crowds Overwhelm Banking Halls As Branches Ration Cash
Following the news of the Central Bank of Nigeria (CBN) commencing the disbursement of the old N500 and N1,000 notes to arrest the cash crunch that has brought untold hardship on Nigerians, Daily Trust check…
Naira crunch: Reps call for overhaul of banking online systems
The House of Representatives has urged the Central Bank of Nigeria (CBN) to direct commercial…