Browsing Category
Business
Atlanta Black Chambers names Nigerian spokesman
The Atlanta Black Chambers (ABC), a prominent organization supporting Black-owned businesses, has appointed Samuel…
Passengers Report Stolen Belongings on Air Peace Flight
Several passengers on a recent Abuja-bound Air Peace flight claim their belongings went missing during the trip. A…
EU aviation regulator to allow FAA to observe its plane audits
European aviation regulators are proposing a new level of cooperation with their American counterparts. The…
US farmers opt for soy to limit losses as all crop prices slump
Illinois farmers like Mark Tuttle are planting more soybeans and less corn this year in a desperate attempt to…
U.S. job openings drop in April, as labor market cools
The U.S. job market appears to be cooling down, with job openings dropping to a three-year low in April. This…
Chinese security firm Nuctech challenges EU raids over alleged subsidies
Nuctech, a Chinese company manufacturing security scanners, is suing the European Commission after its offices…
Boeing’s Calhoun says board will decide his successor
Boeing's outgoing CEO David Calhoun is stepping down by the end of the year. The board is actively searching for…
Toyota Recalls Over 100,000 Vehicles Due to Potential Engine Stall
Attention Toyota and Lexus owners! There's a recall on certain 2022-2023 Tundra pickup trucks and LX 600 SUVs…
Paramount Global’s top execs detail restructuring plan; shares fall
Paramount Global is undergoing a major shakeup. Facing declining revenue from traditional television and a…
Flour Mills revenue hits N2.3tn
Flour Mills of Nigeria (FMN), a leading food and agro-allied company in Nigeria, announced impressive financial…
UK dedicated to maximising trading scheme uptake – Envoy
The British government is eager to leverage a trade scheme designed to benefit developing countries like Nigeria.…
Shutting Down Of National Grid Is Treasonable Felony – Group
The Centre for Social and Economic Rights (CSER), a Nigerian civil society organization, has strongly condemned…
CBN Lifts Ban on New Customer Signups for OPay, Kuda and Others
In a move welcomed by Nigerian fintech users, the Central Bank of Nigeria (CBN) has lifted its ban on onboarding…
FMBN Inaugurates Task Force To Recover Delinquent Loans
In a move to improve its financial health, the Federal Mortgage Bank of Nigeria (FMBN) has launched a major loan…
Strengthening National Capacities For Debt Management Crucial – Cardoso
Building strong debt management skills is crucial for West African nations, according to Nigeria's Central Bank…
Heritage Bank Loses License, Depositors to be Paid by Insurance Corporation
The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank due to ongoing financial…
Tax Reform Committee Proposes Lower Fees for Tax Collectors, Daily Revenue Sharing…
Nigeria's Presidential Fiscal Policy and Tax Reforms Committee is proposing significant changes to tax collection.…
Petrol: Landing cost rises 46.8 per cent to N1,026.71 — Investigation
Despite claims of subsidy removal, the landing cost of petrol in Nigeria has risen sharply over the past year. In…
Naira closes at N1,476.12 as dollar supply drops
The Nigerian Naira appreciated against the US dollar at the official foreign exchange market on Monday, even…
After trial, investors weigh Trump 2.0 factor as election looms
Last week, Donald Trump became the first former president to be convicted of a felony, but Wall Street remains…
Apprehension as FG borrows N20.1trn under Tinubu
In the first year of President Bola Tinubu’s administration, the Federal Government of Nigeria borrowed N20.1…
Nigeria to monitor mining sites via satellite, curb illegal activities
Dr. Dele Alake, Minister of Solid Minerals Development, announced that the Nigerian government will implement…
Iran-Africa Trade Reaches $1.2 Billion, with Iran Targeting Nigerian Market
The Government of the Islamic Republic of Iran announced that its trade with African countries has reached $1.2…
Aviation Workers’ Strike Causes Flight Delays and Cancellations
On Monday, flights from Lagos airport terminals and other airports nationwide experienced significant delays and…
CBN Revokes Licence Of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect, citing a…
UPDC Declares 177% Income Growth
UPDC, a leading Nigerian real estate company owned by UAC, is experiencing a major turnaround. The company…
Lagos Innovation Bill Proposes Tax Holiday, Waiver For Start-Ups
Lagos is set to become a hub for innovation, according to a new policy proposal. The Lagos Innovation Bill aims to…
Presidential tax committee recommends N800/$ Customs duty rate
Nigerian businesses are likely to welcome a new proposal that could make planning and budgeting easier. The…
FG secures World Bank’s $500 million loan for electricity sector
Nigeria's power sector is set for a shot in the arm with a $500 million loan from the World Bank. This funding…
Credit to government rises 2% to N19.98trn
Nigeria's government borrowing increased slightly in April, to N19.98 trillion, despite analysts' predictions of a…