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Dele Momodu Urges Caution Over Policies Impacting Nigeria’s Business Climate

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Renowned publisher Dele Momodu has expressed concern over recent policies of President Bola Tinubu’s administration, warning that they could drive investors away from Nigeria....
Business

Dangote Alleges NNPC Staff Involvement in Malta Blending Plant During Meeting with Lawmakers

pretty onyi -
Aliko Dangote, the Chairman of Dangote Group, has brought forward serious allegations involving staff members of the Nigerian National Petroleum Company (NNPC) Limited and...
Business

fuel price jumps to ₦750.17 in June 2024 from ₦545.83 in June 2023

pretty onyi -
In June 2024, the National Bureau of Statistics (NBS) reported significant changes in fuel prices compared to the previous year and month: 1. **Petrol Price:** -...
Business

Nigerian regions with the highest number of retail, trade businesses

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The informal economy plays a crucial role in Nigeria's economic landscape, with approximately 40 million Micro, Small, and Medium Enterprises (MSMEs), of which nearly...
Business

Navigating the World of Online Forex Trading

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Online forex trading has revolutionized the financial landscape, offering both beginners and seasoned traders alike new opportunities to participate in the global currency market....
Business

Celebrating 12 Years of Jumia: A journey of innovation, growth, and impact!

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Jumia's journey from its launch in 2012 to its current position as a leading e-commerce platform across Africa has been marked by significant growth,...
Business

Tinubu’s student loan, coastal highway project was our idea – Sowore

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The human rights activist noted that Tinubu’s government replicating their ideas resulted from people not paying attention to candidates who had ideas and glorifying...
Business

FG ALLOCATED ₦628.61 BILLION TO ELECTRICITY SUBSIDY IN 2023 AMID INCREASING POWER EXPENSES

Jay Fiona -
In 2023, the Federal Government of Nigeria allocated a substantial ₦628.61 billion towards electricity subsidies as part of its efforts to stabilize the power...
Business

BDC OPERATORS REJECT CBN’S NEW LICENSING DIRECTIVE

Jay Fiona -
Bureau De Change (BDC) operators nationwide are strongly opposing the recent directive from the Central Bank of Nigeria (CBN) that requires them to reapply...
Business

TOP 10 AFRICAN COUNTRIES WITH THE HIGHEST DEBT TO CHINA

Jay Fiona -
There are growing concerns as the external debts of most African countries continue to rise, outpacing their economic growth. The International Monetary Fund (IMF)...
Business

NAIRA APPRECIATES ₦3.31 AGAINST DOLLAR IN OFFICIAL MARKET

Jay Fiona -
The volume of currency traded increased significantly, with the total daily turnover rising to $268.17 million on Tuesday from $161.41 million on Monday. The...
Business

Lawyers Accused by NFIU of Collaborating with Criminals to Hide and Invest Illegal Funds

Jay Fiona -
The Chief Operating Officer of the Nigeria Financial Intelligence Unit (NFIU), Dr. Emmanuel Shotande, has expressed concerns regarding lawyers allegedly aiding criminals in investing...
Business

MINIMUM WAGE: N54,000 INSUFFICIENT FOR SUSTENANCE — NLC

Jay Fiona -
The Nigeria Labour Congress (NLC) has firmly stated that the proposed N54,000 minimum wage by the Federal Government would not suffice for any family's...
Business

STANBIC IBTC HOLDINGS TO ORGANIZE 7TH EDITION OF ITS YOUTH LEADERSHIP SERIES

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Stanbic IBTC Holdings, a prominent financial services group dedicated to fostering growth and innovation within Nigeria's economic sphere, has announced its eagerly anticipated annual...
Business

DANGOTE LAMENTS: I NEED 35 VISAS TO TRAVEL ACROSS AFRICA; IT’S UNJUST

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Aliko Dangote, Africa's wealthiest individual and the CEO and Chairman of Dangote Group, has expressed frustration over the stringent visa requirements hindering intra-African travel....
Business

FOOD INFLATION ESCALATES WITH PRICES SURGING BY 99.22% IN THREE YEARS

Jay Fiona -
Despite the Central Bank of Nigeria's (CBN) recent increase in monetary policy rates, the steady rise in the inflation rate persists, particularly impacting rural...
Business

“Point of Sale (PoS) Operator Voices Concerns Over Unrealistic CAC Registration Deadline”

Efiok Ephraim -
"Mobile money and bank agent, Fasasi Atanda, has raised concerns over the feasibility of the deadline set by the Corporate Affairs Commission (CAC) for...
Business

“U.S. Rejects G20 Proposal for Global Tax on Assets of Billionaires such as Dangote, Adenuga, Otedola, and Others”

Efiok Ephraim -
"The United States has declined a proposal for a global tax on the assets of wealthy individuals and businessmen, including Aliko Dangote, Chairman of...
Business

“Naira Strengthens with ₦17 Gain Against Dollar”

Efiok Ephraim -
On Tuesday, May 21, 2024, the exchange rate for the Nigerian Naira at the parallel market, commonly known as the black market, was reported...
Business

CBN Raises Interest Rate to 26.25% Amid Escalating Inflation

Efiok Ephraim -
The Central Bank of Nigeria (CBN) has implemented a significant increase in its interest rate, raising it to 26.25%. This decision comes in response...
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