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EFCC arrests speculators as Naira falls to 1,520/$

Operatives of the Economic Financial Crimes Commission (EFCC) arrested Bureau De Change operators in Abuja, Lagos, Kano and Port Harcourt, as the Naira dropped to 1,520...

FG May Need Supplementary Budget To Pay Minimum Wage – IMF

The Federal Government is contemplating a supplementary budget to accommodate a proposed increase in the minimum wage, as ongoing negotiations are likely to exceed...

Anambra: Fuel scarcity hinders economic activities in Onitsha

The recent petrol scarcity has continued to hinder economic activities in Onitsha, the commercial hub of Anambra. he recent scarcity of petrol has continued to...

PIA to boost Nigeria’s oil bidding success, says PETAN

Wole Ogunsanya, PETAN chairman, disclosed this at the just-concluded Offshore Technology Conference in Houston, Texas, U.S. The Petroleum Technology Association of Nigeria (PETAN) has predicted...

German chemical giant Bayer reports profit drop in Q1

Net income at German pharmaceutical and chemical giant Bayer declined to €2 billion ($2.16 billion) or €2.04 per share in the first quarter. The...

Business Concerns As Price Of Cooking Gas In Nigeria Surge By 55%

The latest report from the National Bureau of Statistics (NBS) raises concerns after revealing that the average cost of refilling a 12.5-kilogram Cylinder of...

If Not For Tinubu, Nigeria Would Have Gone Into Bankruptcy’

President Bola Ahmed Tinubu The Nigerian ReNewed Hope Solidarity Movement (NRHSM) has asserted that the country would have faced bankruptcy without President Bola Ahmed Tinubu’s...

Glo EVC reveals plans to support FG’s push for digital economy

Globacom has a learning management solution which can train up to 100,000 users each month. Executive Vice Chairman of Globacom, Mrs. Bella Disu (2ND right),...

Binance saga: Fresh twist as lawmaker linked with $140m bribe allegation reacts

Hon Okafor highlighted his private sector background and long-standing membership in the Rotary International Club, underscoring his commitment to integrity and public service. Richard Teng...

Cost of import clearance jumps by 23% amid currency fluctuations

Cost of import clearance jumps by 23% amid currency fluctuations. In the space of 16 days, the cost of clearing imports increased by 23% from...

Cost of import clearance jumps by 23% amid currency fluctuations

In the space of 16 days, the cost of clearing imports increased by 23% from ₦1,150.16/$ recorded on April 23, 2024, to ₦1,412.6/$ as...

UK economy exits recession ahead of election

UK economy exits recession ahead of election (FILES) A customer pays after buying some fruits and vegetables at a street market in High Wycombe, on...

FGN offers ₦450 billion bonds for subscription at ₦1,000/unit

All FGN bonds qualify as liquid assets for liquidity ratio calculation for banks. FGN Bonds The Federal Government, through the Debt Management Office (DMO), has...

OPay clarifies new CBN directive, reassures customers

  OPay clarifies new CBN directive, reassures customers OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies...

Nigerian workers are 7th most stressed employees in Sub-Saharan Africa

At the top three spots were Chad, Uganda and Tanzania with 58%, 57% and 56% respectively. Nigerian workers are 7th most stressed employees in Sub-Saharan...

Employing people to State’s civil service isn’t my priority – Governor O

The governor stated that the issue of employment would arise when the government finished dealing with what it met in the civil service. Abia State...

Nigerian government opens up on asking for $150 million bribe from Binance to end tax evasion charges

The Federal Government (FG) has stated that the bribery against unidentified Nigerian government officials by Binance Chief Executive Officer Richard Teng is...

Hardship: Over 31 Million Nigerians Will Face Severe Food Crisis From June – Report

Hardship: Over 31 Million Nigerians Will Face Severe Food Crisis From June – Report   A troubling report from the International Rescue Committee (IRC) and its...

Reps order CBN to suspend cybersecurity levy

Reps order CBN to suspend cybersecurity levy The House of Representatives has directed the Central Bank of Nigeria (CBN) to withdraw the circular directing banks...

Zenith Bank’s shareholders approve N125.59bn dividend

Zenith Bank’s shareholders approve N125.59bn dividend Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total...

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