BUSINESS
It’s Illegal To Disconnect Electricity User Without Notice Of 10 Working Days — FCCPC
Federal Competition and Consumer Protection Commission, FCCPC, has said no electricity distribution company (Disco) has the right to disconnect a customer without first serving a notice for at least 10 working days from the date of delivery of their ...
Travellers Stranded As Dollar Shortage Hits Banks – Report
Nigerians are finding it increasingly difficult to access the United States dollar at the Central Bank of Nigeria’s official rate for eligible transactions. Worse affected are those travelling abroad who are experiencing delays in accessing Busines...
Hold Marketers Responsible For Increase In Fuel Price — FG
The Federal Government on Monday insisted that it had not raised the pump price of Premium Motor Spirit, popularly called petrol, above the regulated cost of N165/litre. It said the hike in the cost of the commodity, currently between N175/litre and ...
Video Of Buhari Complaining When Naira Was N200 To Dollar Emerges | WATCH
Video has surfaced where President Muhammadu Buhari was complaining about ineffectiveness of the then PDP government to manage the economy. He was raising concern about the value of Naira which was then at about N200 to a dollar. https://twitter.com/...
Naira Value Drop: EFCC Storms Abuja Bureau De Change Hub
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, A source said the raid was a covert operation to dislodge currency specu...
We’re Working Hard To Ensure Free Fall Of Naira Stops, Emefiele Vows
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in...
Africa Must Cut Reliance On Food Imports, Says Nigerian Billionaire Abdul Samad Rabiu
Food prices have been rising around the world, driven first by the Covid pandemic and poor harvests, and made worse by the conflict in Ukraine, which has hit exports of both wheat and fertilizer. Even with a new deal that would allow grain expor...
Abia Government To Partner Aba Chamber Of Commerce On International Trade Fair
Abia state Governor, Okezie Ikpeazu has assured that his administration will partner the Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) to ensure that the planned Aba International Trade Fair before the end of the year records over...
The World’s Largest Food Company Nestlé Raised Its Product Prices The Most This Year
Nestlé hiked its prices by 6.5% in the first half of 2022 as it grapples with an "unprecedented" rise in costs. The world's largest food company raised its prices the most in North America — a 9.8% increase — followed by Latin America at 9.4%...
Senate Summons Emefiele To Explain Uncontrolled Fall In Naira Value
The Senate has resolved to summon the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, to explain the reasons for the rapid depreciation of the value of the naira. It has also mandated its Committee on Banking, Insurance and Other Financi...
