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CBN’s decision to discontinue FX sales to BDCs made naira worthless – ABCON
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the decision of the Central Bank of Nigeria (CBN) to discontinue…
Naira sinks to N587/$1 at parallel market as forex scarcity persists
Nigerian naira weakened to N587 per dollar at the parallel section of the foreign exchange (FX) market. The drop is N2 or 0.3 percent…
CBN disburses N42bn for wheat cultivation in 15 states
The Central Bank of Nigeria (CBN), said it has spent about N42 billion to accelerate wheat cultivation on 132,799 hectares across 15 states in the country. The CBN Governor, Mr Godwin Emefiele, stated this at the…
Bitcoin slams $44k as Russia considers selling its oil and gas in crypto
Russia is considering accepting bitcoin as payment for oil and gas exports in the face of stiffened sanctions from Western…
Brand war: Green Africa, United Nigeria battle for passengers with slashed airfares, free tickets
Green Africa and United Nigeria Airlines are currently fighting for the patronage of passengers in the aviation sector. Despite the…
5,000 Residents Around Lekki Deep Seaport To Relocate
As the Lekki Deep Seaport is nearing completion, the government is considering the relocation of about 5,000 residents around the…
Dangote Fertiliser: Power To Farmers, Blessing To Country
Farmers in Nigeria, just like their counterparts in sub-Saharan Africa are often faced with difficulties in accessing fertiliser. This always leads to panic buying and hoarding, resulting in low fertiliser application. Almost two…
MTN Names New COO For Nigeria, Appoints Others
The MTN Group has announced senior leadership appointments to operating companies in Nigeria, Iran and Sudan, all of them internal candidates. “Today’s announcement demonstrates the depth of talent within the group,…
AFRICA’S BIGGEST FOOD AND DRINK FESTIVAL IS BACK! … 2022 GTCO FOOD AND DRINK FESTIVAL
Guaranty Trust Holding Company Plc (GTCO Plc), is set to continue its long-running showpiece event– The Food…
Rahamaniyya Group denies operating six oil refineries in Europe, Middle East
The Group Managing Director and Chief Executive Officer of the Rahamaniyya Group, AbdulRahman Bashir has denied operating six oil refineries across Europe and the Middle East. In a statement issued Tuesday by the…
Petrol subsidy to cross N300bn as NNPC again delivers ZERO FAAC remittance
The costly petroleum subsidy bill may cross N300 billion next month as the landing cost of importing fuel skyrocketed amid the…
Elon Musk opens Tesla’s gigafactory in Germany
Elon Musk was cheered as he oversaw the handover of Tesla’s first German-made cars at its Gruenheide plant on Tuesday. The opening marked the start of the U.S. automaker’s inaugural European hub just two years…
Fintechs & Merchants Laud Fidelity Bank for New Digital Payment Solution
Leading Nigerian bank, Fidelity Bank Plc, has been commended for simplifying digital payments and the customer…
Dangote’s urea fertilizer exports for Brazil, U.S., Mexico, India
The 3-million-tonne urea fertilizer plant built by Nigerian billionaire Aliko Dangote at a cost of $2.5 billion opened on Tuesday in Lagos. It will target African and foreign markets. The factory comes as the…
Tomato Jos launches first wholly made in Nigeria tomato mix
Tomato Jos Farming and Processing Limited has launched its much-anticipated Tomato Jos paste variant into the Nigerian market. The…
BREAKING: MultiChoice hikes prices of GOtv, DStv packages, cites inflation
Pay TV giant, MultiChoice Nigeria, has increased the prices of its DStv and GOtv packages MultiChoice Nigeria is the Nigerian…
Man City Top Deloitte Money League For First Time
Manchester City have topped Deloitte’s Football Money League for the first time in their history after emerging from the coronavirus crisis in a stronger position than their rivals. The Premier League champions,…
BREAKING: CBN retains interest rate at 11.5%
The Central Bank of Nigeria (CBN) has retained interest rates at 11.5 per cent, as the country struggles with high inflation rate.…
Germany seals gas deal with Qatar to reduce dependence on Russia
Germany and Qatar have reached a long-term energy partnership, a German official has said, as Europe’s biggest economy seeks to become less dependent on Russian energy sources. Russia is the largest supplier of gas to…
Oil prices jump as EU mulls Russian ban
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters. Brent crude futures…
Customs Makes U-Turn, Backs CBN E-Invoicing Policy, Despite Protests From Stakeholders
The Central Bank of Nigeria (CBN) has received the backing of the Nigeria Customs Service (NCS) for its e-invoicing and e-valuation policy, which has led to protest from clearing agents and manufacturers.…
Tesla sued by taxi driver after fatal crash
A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the U.S. carmaker, his lawyer said on Sunday. The French government said in the days after the…
Tomato Jos Launches First Wholly Made In Nigeria Paste
Tomato Jos Farming and Processing Limited has launched its tomato paste variant into the Nigerian market. The new tomato paste variant, packaged in a 65g sachet, is produced directly from fresh tomatoes grown in the…
Fidelity Bank, OnePipe Team Up To Empower Businesses With Cutting Edge Payment Solution
In a bid to deepen positive customer experience and create new opportunities for businesses to grow revenue, Fidelity Bank, in…