Business

Naira hits new low: 2.3% Depreciation against Dollar at Official Market

Kazeem Ugbodaga

1 year ago

According to data from the FMDQ Exchange, the Naira lost N38.12 in value compared to the previous trading day. The…

CBN exposes fraudulent contract claims, warns Nigerians to stay alert

Kazeem Ugbodaga

1 year ago

Ali reiterated that the CBN, under its current management, had discontinued direct development interventions and special project funding.

Gombe proposes N320bn budget for 2025

Kazeem Ugbodaga

1 year ago

In addition, the council approved N160 million monthly for renewing a contract with Cosmopolitan Cleaners, as revealed by Mohammed Fawu,…

Business Spotlight: Aibangbee Ize Blessing is Driving Business and Social Impact

Michael Adesina

1 year ago

Aibangbee Ize Blessing, born on the 23rd of May, 1999, in Edo State, Nigeria, represents a new generation of globally-minded…

Lagos residents worry as onion’s price rises by 100%

Isa Isawade

1 year ago

“Due to the recent price hike of onions, most people now use more seasoning in their food to mask the…

CBN unveils penalties for banks aiding hawking of Naira notes

Ayorinde Oluokun

1 year ago

CBN would engage in “mystery shopping” exercise and periodic “spot checks” on cash distribution and disbursement activities of banks to…

Orjinta Nnaemeka: Pioneering AI and IT Advancement for a Sustainable Future

Taiwo Okanlawon

1 year ago

By Motilola Adekunle The global world has experienced different phases of development and growth in all ramifications whether socially, politically…

Breaking: Nigeria’s Inflation skyrockets to 33.88% in October as food prices surge

Kazeem Ugbodaga

1 year ago

The report, released on Friday, revealed that the October Headline inflation rate increased by 1.18 percentage points from the 32.70%…

Fintech company Weltrade organises seminar for investors, traders, others

Paul Dada

1 year ago

"The event will also introduce participants to the Weltrade IB Master Levels Program, which provides commission-based earning opportunities for those…

NNPCL celebrates 1.8mbpd oil production, eyes 2mbpd

Ayorinde Oluokun

1 year ago

The feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu, Olufemi Soneye Chief Corporate Communications Officer,…

NNPC Ltd to supply 100mmscf/d gas to Dangote Refinery

Ayorinde Oluokun

1 year ago

Under the terms of the agreement, NGML will supply 100 million standard cubic feet per day (MMSCF/D), 50MMSCF/D being firm…

Naira surges after three-day slump to Dollar, gains N44 at Official Market

Kazeem Ugbodaga

1 year ago

Data from the official trading platform, FMDQ Exchange, showed that the Naira gained N44.48, representing a 2.63 per cent improvement…

Tinubu’s Economic Overhaul sparks $30 billion Foreign Investment Influx

Kazeem Ugbodaga

1 year ago

Tinubu attributed the recent influx of foreign direct investment to these initiatives, which he claimed were reshaping Nigeria’s business environment…

University Don launches zero interest loan scheme

Oluwapelumi Oluwayemi

1 year ago

The initiative, introduced at Itoku Market in Abeokuta on Monday, is part of the Ferefayo Empowerment Programme founded by Dr.…

DEVBULB Data, Motofa Resources partner to revolutionize agribusiness

Oluwapelumi Oluwayemi

1 year ago

This collaboration will provide comprehensive data-driven solutions and media strategy services to investors and businesses operating in the Nigerian market.

Senate set to triple EFCC budget to fuel anti-corruption drive

Kazeem Ugbodaga

1 year ago

"When the EFCC chairman explains the need for software to counter virtual and cryptocurrency fraud valued at around ₦3.4 billion,…

10 questions & answers on Tinubu’s Tax Reform Bills

Ayorinde Oluokun

1 year ago

The bills are seeking to merge taxes and harmonise revenue administration. The system will leverage technology for integration which will…

Budget deficit-to-GDP hits 7.5%

Isa Isawade

1 year ago

“A review of the fiscal indicators for the first half of 2024 showed that FGN revenues under-performed, achieving only 37.9…

Africa likely to increase debt service in 2024 – Irish President

Oluwapelumi Oluwayemi

1 year ago

He made these comments during the 2024 Kofi Annan Eminent Speakers Lecture in Abidjan, hosted by the African Development Bank…

Naira slips to N1,678.87, marks 2.4% loss amidst surge in Dollar turnover

Kazeem Ugbodaga

1 year ago

By Grace Alegba The Naira weakened further at the official market on Friday, closing the week at N1,678.87 to the…

FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEs

Ayorinde Oluokun

1 year ago

This loan enhancement is part of FCMB's mission to promote sustainable energy solutions in Nigeria, supporting the country's net-zero goals for 2060.…

Goldstream Law Unveils Exclusive Seminar for Business Leaders on Canada’s Immigration Policies

Kazeem Ugbodaga

1 year ago

According to Mr. Babalola “Immigration plays a key role in Canada’s plan for economic and social prosperity and is thus…

Wema Bank, Tantalizers lead losers as Equity Market rebounds

Kazeem Ugbodaga

1 year ago

Wema Bank lost 5.63 per cent, closing at N7.55, RT Briscoe fell by 4.46 per cent to close at N3,…

Dangote’s wealth plummets by $35.8 million after Trump’s victory

Kazeem Ugbodaga

1 year ago

According to the Bloomberg Billionaires Index on Thursday, Dangote’s net worth fell by $35.8 million, closing at $27.7 billion and…

Ecobank sends important message to Customers of planned service disruption

Kazeem Ugbodaga

1 year ago

In a notification to customers, Ecobank explained that during the maintenance window, cardholders might experience intermittent issues when using Ecobank…

I started ‘Crown and Calm’ to address unique needs of autistic kids – Gloria Oyouwa

Taiwo Okanlawon

1 year ago

Chinwe Gloria Oyouwa is an entrepreneur, autism awareness advocate, and founder of 'Crown and Calm' a sensory-friendly brand that is…

FG begins disbursement of N75bn single digit loan to MSMEs

Ayorinde Oluokun

1 year ago

By Salisu Sani-Idris The Federal Government has commenced the disbursement of N75 billion single digit loan to Micro, Small and…

Stock Market sinks: N318bn lost as Bearish Sentiment holds firm

Kazeem Ugbodaga

1 year ago

Caverton led the losers’ table with a 10% decline, closing at N1.80, followed closely by Aradel, which fell by 9.99%…

Naira slips further, drops 0.6% to hit N1,676.90 against Dollar

Kazeem Ugbodaga

1 year ago

In addition to the depreciation, the total daily turnover at the official market also saw a significant drop, closing at…

UK based Nigerian alerts EFCC, CBN on danger of card pin usage for online transactions

Ayorinde Oluokun

1 year ago

He said it was also necessary for the apex bank to enforce industry wide compliance with modern security standards to…

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