Browsing Category
Business
Cost of living crisis tops voters’ concerns as campaign begins September
Few weeks to the beginning…
Don’t allow sale of Polaris Bank – Rights group urges Buhari
A CIVIL rights advocacy group, Human Rights Writers Association of Nigeria, HURIWA, has called on President Muhammadu Buhari, to stop the plan to sell a commercial bank (Polaris Bank) as reported in a…
FG refutes dollarisation of flight tickets, upward review of aviation charges
The Federal Government, yesterday, refuted…
Lamborghini Has Already Sold All Its Cars Until 2024
Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods seemingly unaffected by global economic…
Naira’s free fall continues, trades N692/$ at parallel market
The naira, on Tuesday, fell to N692 per dollar…
Dollar-priced properties in Lagos struggle for business
Many properties with dollar rent tags in Lagos…
NNPC to receive N422bn from six IOCs for domestic crude oil sales
The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N442.37 billion in August as proceeds from the sale of domestic crude oil in May 2022.…
Banana Island land value defies economy, rises 100% in 3 yrs
Despite the swings in the Nigerian economy, with all the macro-economic indicators…
$464m Trapped Airlines’ Funds: We Are Working On It, Says FG
The Federal Government is working hard to clear the $464m blocked funds belonging to foreign airlines, the Minister of Information and Culture, Alhaji Lai Mohammed, has disclosed. He also said…
Accidented Vehicles Flood Nation’s Market As Cost Of ‘Tokunbo’ Rises By 100%
There are strong indications that importers of used vehicles also known as Tokunbo have now resulted in the importation of accidented cars following the astronomical rise in the cost of…
Musk subpoenas Dorsey ahead of Twitter court battle
Elon Musk has launched legal action to summon Twitter co-founder Jack Dorsey to appear in court as part of his legal battle with the tech company. Musk is seeking to end his $44bn deal for…
Hurdles for Air Peace, SAA as South Africa restrains visas to Nigerian travellers
Air Peace has said its temporary withdrawal…
Zambia Seeks Dangote’s Assistance in Developing Fertiliser Industry
THE Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, yesterday, urged the President, Dangote Group, Aliko Dangote, to contribute towards the development of his country’s…
Aviation Professionals Ask Nigeria To Settle $464m Foreign Airlines’ Funds
More pressure has been mounted on the Federal Government over the $464m trapped funds belonging to foreign airlines flying Nigerian routes. This comes on the heels of Emirates’ stoppage of…
Revealed! Why Forbes Rating Does Not Interest Mike Adenuga
Many money men covet and lobby far and wide…
Pension fund, contributors hit N14trn, 9m respectively – PenCom
The National Pension Commission (PenCom) says the total number of registered contributors and the value of pension fund assets stand at 9,795,957 million and N14.27 trillion respectively, as at…
eNaira records 200,000 users, N4bn transactions value – Emefiele
The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN…
Foreign Airlines Get Round $600m Blocked Funds Crisis
The inability of some of the foreign airlines to repatriate their ticket sales out of Nigeria in almost 12 months has led to payment of the country’s service providers in naira, rather than in dollars.…
Cheque transactions fall 12% to N240b
As the cashless economy sustain momentum, the value of cheque transactions in Nigeria fell month-on-month (MoM) by 12 per cent to N240 billion in July from N274 billion in June. Disclosing this in its…
FG blocks mobile payment, telecoms network access to online loan firms
The Federal Competition and Consumers Protection Commission, FCCPC, has directed payment systems operators, PSOs, such as Flutterwave, Opay, Paystack and Monify, as well as telecommunication…
FG spends N18.39bn daily on petrol subsidy – Zainab Ahmed
Zainab Ahmed, minister of finance minister, budget and national planning,…
Nigeria next best investment destination – Minister
The Minister of Mines and Steel Development, Olamilekan Adegbite, has hinted that the enormous and abundant mineral resources spread across every part of the country has potential to make the…