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Author: ayotilewa

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Oil Producing Communities Threaten To Shut Down All Pipeline Facilities Over Unfair Treatment Of Dangote /Modular Refineries
BusinessLocal

Oil Producing Communities Threaten To Shut Down All Pipeline Facilities Over Unfair Treatment Of Dangote /Modular Refineries

byayotilewaJuly 29, 2024July 29, 2024
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has issued a warning that…
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Fitch: Inflation Has Peaked in Nigeria, Will Moderate Below 25% By Year-end
BusinessLocal

Fitch: Inflation Has Peaked in Nigeria, Will Moderate Below 25% By Year-end

byayotilewaJuly 29, 2024July 29, 2024
Fitch Solutions has projected that Nigeria’s high inflation, which reached 34.19% in June, has peaked…
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BVN Enrolments Surge by 854,267 to 62.7m in Two Months
BankingBusiness

BVN Enrolments Surge by 854,267 to 62.7m in Two Months

byayotilewaJuly 29, 2024July 29, 2024
Bank Verification Number (BVN) registrations in Nigeria have risen to 62.7 million as of July…
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Stock Market Down N1.3tn WoW as Investors Migrate to Fixed Income Market
BusinessStock

Stock Market Down N1.3tn WoW as Investors Migrate to Fixed Income Market

byayotilewaJuly 29, 2024July 29, 2024
Following the Central Bank of Nigeria’s (CBN) increase in the Monetary Policy Rate (MPR) to…
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It’s game, set and match — ALIKO DANGOTE
BusinessLocal

It’s game, set and match — ALIKO DANGOTE

byayotilewaJuly 27, 2024July 27, 2024
Dr. Reuben Abati has called for President Tinubu to intervene in the conflict between the…
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Dangote Refinery: Midstream, Downstream Regulatory Authority Giving Tinubu Bad Name — Abati
BusinessLocal

Dangote Refinery: Midstream, Downstream Regulatory Authority Giving Tinubu Bad Name — Abati

byayotilewaJuly 27, 2024July 27, 2024
Aliko Dangote, Africa’s richest man, is widely recognized and respected across the continent. Over the…
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Naira Depreciates To N1,610/$ In Parallel Market
BusinessCurrencyLocal

Naira Depreciates To N1,610/$ In Parallel Market

byayotilewaJuly 27, 2024July 27, 2024
The Nigerian Naira experienced a significant depreciation on Friday, dropping to N1,610 per dollar in…
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Barry Diller says Paramount pursuit ‘might be over’ for IAC, CNBC reports
Local

Barry Diller says Paramount pursuit ‘might be over’ for IAC, CNBC reports

byayotilewaJuly 26, 2024July 26, 2024
Billionaire Barry Diller announced that his digital-media company, IAC, is no longer pursuing the acquisition…
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Nasdaq futures jump as megacaps recover; inflation data in focus
Local

Nasdaq futures jump as megacaps recover; inflation data in focus

byayotilewaJuly 26, 2024July 26, 2024
Nasdaq futures jumped 1% on Friday, driven by a rebound in megacap tech and chip…
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Dangote/NNPC Rift: Nigeria’s Petrol Import From Malta Jumps 43 Times To $2.08bn
BusinessLocal

Dangote/NNPC Rift: Nigeria’s Petrol Import From Malta Jumps 43 Times To $2.08bn

byayotilewaJuly 26, 2024July 26, 2024
Nigeria’s importation of petroleum from Malta soared to $2.08 billion in 2023, a 43-fold increase.…
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FCMB Lifts Female Entrepreneurs With Zero-Interest Loans
BankingLocal

FCMB Lifts Female Entrepreneurs With Zero-Interest Loans

byayotilewaJuly 26, 2024July 26, 2024
The First City Monument Bank (FCMB) is addressing gender inequality in Nigeria’s business sector with…
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Expert faults NBS for omitting Marine, Blue economy data
Business

Expert faults NBS for omitting Marine, Blue economy data

byayotilewaJuly 26, 2024July 26, 2024
Dr. Muda Yusuf, CEO of the Centre for the Promotion of Public Enterprise, criticized the…
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ICAN charges inductees to uphold principles of accounting 
BusinessLocal

ICAN charges inductees to uphold principles of accounting 

byayotilewaJuly 26, 2024July 26, 2024
The Institute of Chartered Accountants of Nigeria (ICAN) has advised newly inducted Accounting Technicians to…
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Vehicle importation falls 60.8% in H1’24
BusinessLocal

Vehicle importation falls 60.8% in H1’24

byayotilewaJuly 26, 2024July 26, 2024
Vehicle imports into Nigeria fell sharply by 60.4 percent year-on-year to 10,991 in the first…
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Lafarge Africa Unveils Nigeria’s First Low-Carbon Multipurpose Cement, ECOPlanet Unicem
BusinessLocal

Lafarge Africa Unveils Nigeria’s First Low-Carbon Multipurpose Cement, ECOPlanet Unicem

byayotilewaJuly 26, 2024July 26, 2024
Lafarge Africa Plc has launched ECOPlanet Unicem, Nigeria’s first low-carbon multipurpose cement, with a 30…
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FG’s revenue surpassed budgetary target, says minister
BusinessFinance

FG’s revenue surpassed budgetary target, says minister

byayotilewaJuly 26, 2024July 26, 2024
Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Federal Government’s…
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Nigeria imported $2.25bn fuel from Malta — Report
BusinessLocal

Nigeria imported $2.25bn fuel from Malta — Report

byayotilewaJuly 26, 2024July 26, 2024
Nigeria has imported $2.25 billion worth of fuel from Malta over the past nine years,…
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ICYMI: Construction begins at Midoil refinery
BusinessLocal

ICYMI: Construction begins at Midoil refinery

byayotilewaJuly 26, 2024July 26, 2024
Midoil Refining and Petrochemicals Company Limited has officially started construction activities in Lagos, with a…
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FG has exited Way & Means – Edun
Business

FG has exited Way & Means – Edun

byayotilewaJuly 26, 2024July 26, 2024
In a press conference in Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the…
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Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103 Billion
BusinessLocal

Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103 Billion

byayotilewaJuly 26, 2024July 26, 2024
Dangote Cement Plc reported a pre-tax profit of N293 billion for the first half of…
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NNPC Vs Dangote: Where The Truth Lies
Opinion

NNPC Vs Dangote: Where The Truth Lies

byayotilewaJuly 26, 2024July 26, 2024
Aliko Dangote, Africa’s richest man, has faced numerous challenges and adversities throughout his career, particularly…
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Real Madrid Break €1billion Revenue Barrier
World

Real Madrid Break €1billion Revenue Barrier

byayotilewaJuly 26, 2024July 26, 2024
Real Madrid has made history by becoming the first football club to exceed €1 billion…
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Meta Removes 63,000 ‘Yahoo Boys’ Accounts
Local

Meta Removes 63,000 ‘Yahoo Boys’ Accounts

byayotilewaJuly 25, 2024July 25, 2024
Meta, the parent company of WhatsApp, Facebook, and Instagram, has removed 63,000 accounts connected to…
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First Bank/Visa Promo To Reward 520 Cardholders
Local

First Bank/Visa Promo To Reward 520 Cardholders

byayotilewaJuly 25, 2024July 25, 2024
First Bank, in partnership with Visa, has launched a Visa Cross Border and Summer campaign…
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CBN’s 26.75% Interest Rate Will Worsen Purchasing Power – MAN
Local

CBN’s 26.75% Interest Rate Will Worsen Purchasing Power – MAN

byayotilewaJuly 25, 2024July 25, 2024
The Manufacturers Association of Nigeria (MAN) has expressed concerns over the Central Bank of Nigeria’s…
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Hardship: Stranded foreign scholars groan as FG slashes allowances
BusinessLocal

Hardship: Stranded foreign scholars groan as FG slashes allowances

byayotilewaJuly 25, 2024July 25, 2024
The Federal Government of Nigeria has announced a 12.7% cut in allowances for students studying…
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Certain Workers Excluded from Nigeria’s New N70,000 Minimum Wage
BusinessLocal

Certain Workers Excluded from Nigeria’s New N70,000 Minimum Wage

byayotilewaJuly 25, 2024July 25, 2024
As workers anticipate the implementation of Nigeria’s new N70,000 minimum wage, not all will benefit…
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Naira depreciates to N1,575/$ in parallel market
Local

Naira depreciates to N1,575/$ in parallel market

byayotilewaJuly 25, 2024July 25, 2024
The Naira depreciated to N1,575 per dollar in the parallel market, down from N1,565 per…
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Nissan shares plunge after profit warning
BusinessFinanceWorld

Nissan shares plunge after profit warning

byayotilewaJuly 25, 2024July 25, 2024
Nissan shares tumbled over 10% after issuing a profit warning due to fierce sales competition,…
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Unilever Sees 4% Profit Rise in H1 2024
BusinessWorld

Unilever Sees 4% Profit Rise in H1 2024

byayotilewaJuly 25, 2024July 25, 2024
Unilever reported a 4% increase in net profit for the first six months of 2024,…
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