BUSINESS
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...
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...
We Don’t Have Immediate Solution To Aviation Crisis — Sirika
The Minister of Aviation, Sen. Hadi Sirika, has said there are no immediate solutions to the multipronged crises rocking Nigeria’s aviation sector. The minister, who held an emergency meeting with the Airline Operators Association of Nigeria (AON) ...
Buhari Should Account For $1bn Security Fund Jointly Contributed By States – Gov. Ortom
Governor Samuel Ortom of Benue State yesterday asked the Federal Government to account for the $1 billion security funds jointly contributed by the 36 states of the federation to fight insurgency giving the worsening insecurity in the country. Speaki...
Abia Inland Revenue Agency Bars Erondu From Collecting Unified Emblem Levies
The Abia State Internal Revenue Service has barred Elder Azubuike Ihuoma Erondu, from collecting revenues accrued from Unified Emblem levies. This is contained in a letter dated June 23, 2022, signed by the Acting Chairman/Chief Executive of the Serv...
Mark Zuckerberg And Wife Sell San Francisco Home For $31 Million
Facebook co-founder and internet entrepreneur, Mark Zuckerberg, and his wife have sold one of their San Francisco homes for $31 million in an off-market...
FG Has Released N4.7trn To Finance 2022 Budget Expenditure So Far – Zainab Ahmed
The Federal Government has so far released the sum of 4. 7 trillion naira to finance expenditure in the 2022 budget. This is according to the Minister of Finance, Budget and National planning, Mrs Zainab Ahmed. The minister disclosed this on Thursday...
Constant Collapse Of National Grid Embarrassing — Atiku
Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Atiku Abubakar, said on Wednesday that the recent total National Grid Collapse is too much for the Nigerian people to bear, saying it is becoming embarrassing...
Prices Of Bread To Soar As Bakery Owners Threaten Nationwide Strike Over Increasing Production Cost
Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, have concluded plans to embark on four-day warning strike beginning from Thursday July 21, 2022. The bread makers to...
Aero Contractors Suspends Scheduled Operations Indefinitely
Aero Contractors, Nigeria’s oldest airline, says it will suspend passenger flights from Wednesday, July 20. The airline, in a statement on Monday, said the suspension is temporary but did not indicate when it will resume operations. In May, Aero h...
