BUSINESS
FG Promises To Deal With Economic Destabilizers
The Federal Government has vowed to go after individuals sabotaging the nation’s economy. The Minister of Information and National Orientation, Mohammed Idris, made this known in a statement he personally signed on Friday. Idris stated that one of the decisions of President Bola Tinubu when he was sworn-in was the removal of petrol subsidy which all the “three major candidates” agreed...
Trade Fair: Benjamin Kalu Hails Made-In -Aba Products (Photos)
The Member representing Bende federal Constituency and the Spokesperson of the House joined the Made in Aba Trade Fair in Abuja with an assurance of facilitating access to loan facilities for the artisans. At the trade fair which commenced on the 8th of November, 2021 at the FCT Sports Centre, Area 10, the federal lawmaker was welcomed cheerfully by the...
NNPC Stations ‘Jerks Up’ Petrol Pump Price To N855/Litre
Some retail stations of the Nigerian National Petroleum Company (NNPC) are selling petrol at N855 per litre in some parts of Lagos, according to a viral video on social media. The video, shared by a disgruntled buyer, revealed that the pump price displayed on a machine at a petrol station in Ikoyi, Lagos was N855 per litre. The development came amid growing concerns...
Only A Budget Size Of N7trn Can Tackle Lagos Infrastructural Needs — Sanwo-Olu
The governor of Lagos State, Babajide Sanwo-Olu, says the state requires about a N7 trillion budget size to meet up with infrastructural and basic amenities in 2024. Sanwo-Olu spoke at the eighth Lagos Corporate Assembly, a business forum, tagged ‘BOS Meets with Business Community’, at the Lagos House in Alausa, Ikeja. The governor, however, noted that despite the uncertainty in the...
Ruble Up Against Dollar, Euro As Foreign Currency Trading Starts On Moscow Exchange
The ruble strengthened against the dollar and the euro as foreign currency trading started on Moscow Exchange on Monday compared with previous closing. As of 10:20 am Moscow time, the dollar exchange rate was down by 1.29% at 63.71 rubles, while the ...
Nigerian Stock Exchange Suspends 6 Firms
The Nigerian Stock Exchange (NSE) has suspended trading in six companies over their inability to comply with extant corporate governance rules and best practices that mandate them to submit their financial statements within a specified period. The suspended companies include: FTN Cocoa Processors Plc; Medview Airline Plc; Niger Insurance Plc; R.T. Briscoe (Nigeria) Plc; Union Dicon Salt Plc and Capital...
FCCPC Seals Abuja Sahad Stores Over Pricing
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Sahad Stores Supermarket in Abuja for price gouging. Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair The store was sealed during an enforcement exercise at Garki 2 in the nation’s capital on Friday. The...
Nigeria’s Economy Expands By 3.13% In First Quarter Of 2025
The National Bureau of Statistics (NBS) yesterday announced that Nigeria’s economy grew by 3.13 percent in the first quarter of 2025, following the rebasing of the Gross Domestic Product (GDP) using 2019 as the new base year. This growth marks an increase of 0.86 percentage points from the 2.27 percent recorded in the same period of 2024 (Q1'24). In addition,...
We’re Soft Target For Robbery Attacks — Aba, Umuahia POS Operators Lament
Operators of Point of Sale outlets in Aba, the commercial nerve of Abia State, and its environs have decried incessant robbery attacks on their members, calling on the police and other security agencies to protect their business interest. The operators who spoke to our reporter on Friday lamented series of attacks on their business by hoodlums who have made them...
CBN To Redesign N200, N500 And N1,000 Notes To Control Circulation
The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The action was taken in order to take control of the currency in circulation, according to the CBN...
