BUSINESS
Nigeria’s Inflation Overshoots World Bank Projection By 20%
DESPITE raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business ...
Tinubu Can’t Make Dollar, Naira Value Equivalent — Former Minister
A former Minister of Lands, Housing and Urban Development, Chief Nduese Essien has faulted the claim by the Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu that he would bring the naira at par with the dollar ...
Court Orders Multichoice To Sublicense Channels To Metro-Digital
The Appeal Court sitting in Port Harcourt, Rivers State, has ordered MultiChoice to sub-license some of its channels to Metro-digital in line with the code of the Nigerian Broadcasting Commission (NBC). Delivering his judgement on Wednesday, Justice ...
Fuel Scarcity Worsens, Abuja Black Marketeers Sell N350/Litre
The lingering fuel scarcity worsened in some parts of the country with motorists buying petrol between N300 and N350-litre in Abuja on Monday. Some Abuja residents, who spoke with our correspondent, lamented the spike in the price of PMS as well as t...
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...
Farmers Move To Increase Cocoa Production In Abia As Ikpeazu Assures Continous Partnership
Cocoa Farmers Association of Nigeria Thursday flagged off the free distribution of the Cocoa GAP Handbook in Abia State. Speaking during the event, the CFAN National President, Comrade Adeola Adegoke, said the farmers’ focus was to increase Nigeria...
You Can’t Receive Our Revenues Again, Soludo Tells Parks, Market Executive
Governor of Anambra State, Chukwuma Charles Soludo has banned all markets and parks executives from collecting revenue in the state for the government. In a statement issued by the Press Secretary to the governor, Christian Aburime on Thursday, Solud...
Reps Probe Petrol Subsidy Under President Buhari, Allege $7 Billion Diversion
The House of Representatives has set up an ad-hoc committee to investigate the petroleum products subsidy regime under President Muhammadu Buhari. The lawmakers asked the committee to carry out the probe from 2017 to 2021. This followed the adoption ...
Refineries Can’t Start Working Now — Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the country’s moribund refineries cannot be quickly restored. Speaking in Abuja on Tuesday when he appeared before the House of Representatives ...
Buhari Jets Out To Portugal, To Take Part In UN Ocean Conference
President Muhammadu Buhari will on Tuesday, June 28, depart Abuja on a State Visit to Portugal at the invitation of President Marcelo Rebelo de Sousa. The President, who will hold official talks with his Portuguese counterpart will be conferred with ...
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