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Business
Dollar hits N785 as politicians flood BDCs with expiring naira notes
The naira has suffered further depreciation at the parallel market, currently trading for N785 against the dollar. The dollar sold at N785 on Friday evening, according to Aboki Forex, a…
Diddy becomes Hip-Hop’s new billionaire, replaces Kanye West
Sean Combs popularly known as Diddy, has officially become Hip-Hop’s new billionaire, as he replaces Kanye West who reportedly lost $2billion in a day and dropped to an estimated…
JUST IN: Buhari Approved Naira Redesign – CBN Replies Finance Minister
The Central Bank of Nigeria (CBN) has said it followed due process as far as redesigning three series of the naira is concerned. Spokesman of the apex bank, Mr. Osita Nwanisobi, said this…
Union Bank shares: Titan Trust N7 per share MTO excites minority shareholders
Minority shareholders of Union Bank of Nigeria (UBN) have expressed satisfaction with the announcement of a N7 per share premium Mandatory Takeover Offer (MTO) by Titan Trust Bank Limited (TTB),…
Addax workers resume strike, deplete Nigeria’s oil production
About 324 Nigerian employees of Addax Petroleum Development Nigeria have resumed their suspended strike due to the inability of the Federal Government and management of the company to address…
Investors Drag Estate Of Late Bukka Hut Co-Founder, Laolu Martins To Court
Following the controversy surrounding the death of Laolu…
‘The Bird Is Freed’ – Elon Musk Reacts After Twitter Deal
Billionaire Elon Musk, has said that the ‘bird’ is freed after he acquired…
$2.5m Daily Revenue Pushes TikTok To Highest-Grossing Social App
Short video-sharing platform TikTok now generate $2.5 million in daily revenue, ranking it among the social media apps generating the highest revenue, and building on its recent global success.…
Game Store to exit Nigeria on December 25, begins stock clearance sale
South African retail giant Game Discount World Limited, which runs the Game Stores in Nigeria, said it finalised plans to close its shops and exit the Nigerian market by December 25, 2022.…
Trapped Funds: ‘CBN can’t print dollars’ – Emefiele chides foreign airlines
CBN, Governor, Godwin Emefiele, cautioned the foreign airlines against blackmailing the country, stressing that the apex bank doesn’t and cannot print dollars. Speaking during a meeting between…
‘I didn’t do it for money’ — Elon Musk explains why he acquired Twitter
Elon Musk, the billionaire founder of Tesla Inc, has…
Trapped foreign airlines’ fund rises 51% to $700m
No respite seems to be coming the way of foreign airlines in Nigeria over their funds trapped in the country’s foreign exchange difficulties. Vanguard Aviation World gathered that despite the…
$1.5b Lekki Deep Sea Port ready for test run
Lekki Deep Sea Port, Nigeria’s deepest seaport…
Nigeria signs MoU with Daewoo for rehabilitation of Kaduna refinery
The Nigerian National Petroleum…
‘Money supply, naira value’ – How CBN’s naira redesign will affect Nigeria’s economy
The Central Bank of Nigeria (CBN), on Wednesday, announced that it redesigned some new naira notes. Speaking on the development, Godwin Emefiele, CBN governor, said the circulation of the new…
Concerned Northern Forum kicks against redesigning of naira notes
Concerned Northern Forum has called for the suspension of redesigning of the N200, N500, and N1000 notes, saying the measure would be detrimental to the nation’s economy. The group’s spokesman, Mr.…
Elon Musk Plans To Close Twitter Deal By Friday – Report
Elon Musk has notified co-investors who…
Visa Ban: UAE Blackmailing Nigeria, CBN – Youth Group
The United Arab Emirates’ threat…
Sowore Tackles CBN Governor Emefiele Over New Naira Notes, Demands Removal
The African Action Congress presidential candidate Omoyele…
Court Restrains Kogi Govt From Shutting Down Dangote Cement
The Federal High Court sitting in Abuja, on…