Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Business
Twitter hit with mass resignations after Elon Musk’s ‘hardcore’ ultimatum
Elon Musk is now facing a new crisis at…
More Troubles for P&ID as Firm Owned by Danjuma Drags Ex-partner to Court over $40m Loss
A firm owned by a billionaire and former Nigerian Defence Minister, Lt. Gen. Theophilus Danjuma is suing Process and Industrial Development (P&ID), an ex-business partner that is at the…
Naira depreciation, inflation erode workers’ N25tn salaries
The endless depreciation of the naira and the rising inflation have eroded Nigerian workers’ N24.88tn salary…
Naira redesign: We need more time to evacuate money from grazing areas in forest – Miyetti…
Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the collection of the current N200, N500 and…
CBN orders banks nationwide to work on Saturdays
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till Jan. 31, 2023, to enable bank customers return old naira notes for new ones. Mr Osita…
Elon Musk insists Twitter employees adopt ‘hardcore’ culture or quit
In an email sent at midnight, Elon Musk gave Twitter employees a choice: commit to a “hardcore” culture at Twitter or leave with severance pay. The Washington Post says that Musk has…
Naira Redesign: Dollar May Crash To N200 – EFCC Chairman
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira. Bawa stated this…
Nigerian banks to battle FX shortage in 2023 – Fitch
Fitch Ratings, a global credit rating agency, said Tuesday that “things are going to get worse next year” for Nigerian banks amid a protracted foreign exchange liquidity crisis that has…
Oil Mogul Acquires Aircraft As Rano Air Set To Commence Operations
Nigerian startup airline, Rano Air, has reportedly secured four EMB-145LRs aircraft to start operations in 2022. This was disclosed in some social media posts on Tuesday. Videos of the new…
Explainer: Why Nigeria’s foreign reserves remain under pressure?
Nigeria’s foreign reserves have been declining on the back of low oil production and tough financial market conditions due to monetary policy tightening by global central banks. The…
Forex: Nigerians should determine what’s appropriate for Nigeria- IMF
The Resident Representative of the International Monetary Fund (IMF) in Nigeria, Mr. Ari Aisen, has said that Nigerians should determine the foreign exchange regime most appropriate for Nigeria.…
Currencies on edge as traders assess risks from Poland
The safe-haven U.S. dollar firmed in volatile trading on Wednesday…
Diasporans remit $20bn to Nigeria
The Federal Government has concluded an arrangement to launch a Diaspora Mortgage Loan Scheme for Nigerians living abroad. The Managing Director of the Federal Mortgage Bank, Hamman Madu,…
EFCC Arrests Alleged Currency Speculator Sabotaging Economy, Mustapha Naira
Nigeria's anti-corruption agency, the Economic and Financial Crimes Commission (EFCC) says it arrested one Mustapha Muhammed, aka Mustapha Naira for allegedly sabotaging the economy. The…
Atiku outlines four-point agenda for the Naira
Former vice president and presidential candidate of the Peoples Democratic Party, PDP Atiku Abubakar has outlined a four-point agenda to enthrone an investor friendly foreign exchange market in…
NCC declines Airtel’s request for 5G licence at $273.6m
Airtel Africa said the Nigerian Communications Commission (NCC) should set aside a slot of the 3.5GHz Spectrum for it at $273.6 million which was the price the Commission sold the last 2…
Forex crisis hits truckers, slows operations
As the effect of the high exchange rate bites harder, truckers operating in the nation’s maritime sector have lamented the reduction in activities at the ports. The truckers, who spoke…
Nigeria’s UTM Offshore to ink FLNG FEED on Wednesday – CEO
UTM Offshore would award…