BUSINESS
Naira Crashes To N710 Per Dollar
The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Peoples Gazette (not ABN TV) on Wednesday showed the current parallel market rate pegged at N710 to a dolla...
Rising Cost Of Food Items Pushes 7 Million Persons Into Poverty In Nigeria — World Bank
High inflation driven by soaring food prices has pushed seven million Nigerians into poverty, the World Bank said. In a new report, it commended Nigeria for buttressing its economy from fallout from the coronavirus pandemic but called for urgent measures to brake inflation and protect livelihoods. A major crude exporter, Africa’s largest and most populous economy again slipped into a recession...
Pat Utomi Inspects Enyimba Automated Shoe Factory Aba [PHOTOS]
Prof. Patrick Okedinachi Utomi, Patito's Gang Television Anchor, has called on the Military, Paramilitary, and other Security Agencies in the country to patronise the Enyimba Automated Shoe Company. Prof. Patrick who stated this during his inspection visit at the Enyimba Automated Shoe Factory, Aba in Abia State expressed satisfaction with the level of ongoing work at the factory. The Professor...
Dangote Refinery May Not Significantly Reduce Petrol Price – Zainab Ahmed
Zainab Ahmed, the minister of finance, budget and national planning, says the Dangote Refinery being constructed may not significantly reduce the retail price of petrol. Speaking in an interview with the Nigerian Television Authority (NTA), Ahmed explained that the refinery will sell its products at the international market price. The Dangote refinery is expected to refine 650,000 barrels of oil per...
US Removes Reciprocity Visa Fees For Nigerians
The federal government announced on Saturday that the United States has removed all visa reciprocity fees for Nigerians seeking visas to the country with effect from December 3. Disclosing this at the weekend, the Ministry of Foreign Affairs said the development was sequel to the removal of excess visa application, processing, and biometric fees for American citizens applying for Nigerian...
Investigator Says Buhari’s Nephew, Not Ex-President Approved Naira Redesign
The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, has indicated that the recent naira redesign wasn’t expressly approved by former President Muhammadu Buhari. Obazee had gathered that the approval came from Buhari’s aide, Sabiu Tunde ‘Yusuf’. This was contained in the investigator’s final report tagged, ‘Report of the Special Investigation on CBN and Related Entities...
Speed Wallet Disappears From Google Play Store 48 Hours After Launch Of e-Naira
The e-Naira speed wallet has disappeared from the Google Play Store barely 48 hours after its launch, ABN TV has observed. However, our correspondent learnt that the eNaira merchant wallet, which is designed for businesses, is still running and has over 10,000 downloads on the Google Play Store made available to Android users. Checks on the Apple App Store showed that...
Obi Cubana Pledges Sponsor To Any Developer Of African Smartphone
Billionaire businessman, Obi Cubana has promised to sponsor any tech-savvy individual of African descent to create a smartphone for the African market. The Cubana Group boss revealed this during an Instagram Live video, noting “he has one crazy ide...
Obasanjo Commends Yahaya Bello On Security, Infrastructure
Former President Olusegun Obasanjo has commended Gov. Yahaya Bello of Kogi on his efforts in providing security, good governance, and infrastructure building in the state. The Chief Press Secretary to Kogi governor, Mr Mohammed Onogwu, disclosed this in a statement on Sunday in Abuja. Onogwu, who quoted Obasanjo as making the commendation when he met with the governor on Sunday in...
Excitement As Ahmed Musa’s Petrol Station In Kano Drops Pump Price To N620
Super Eagles Skipper, Ahmed Musa, has announced the reduction of the price of Premium Motor Spirit at his fueling station, MYCA7 in Kano from N620 to N580 per litre. The professional footballer disclosed this on his verified Twitter page. Musa wrote: “Fuel #580 @MYCA -7 Filling Station Kano. 🏃♀️🏃♀️,” sparking excitement among Nigerians. One Twitter user, Scala @lakaas123, excitedly enquired “How manage...
