BUSINESS
CBN Announces Operational Changes To FX Market
The Central Bank of Nigeria (CBN) would like to notify all authorized dealers and the general public of the following urgent modifications to operations...
Elon Musk Buys Twitter
Twitter said Monday it has agreed to sell itself to Elon Musk, who will take the company private in a deal valued at around $44 billion. The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareh...
APC Lawmaker Says Reps Will Investigate Tinubu Over Trillions Of Naira From Fuel Subsidy Removal
A member of the House of Representatives, Hon. Yusuf Gagdi, has vowed to ask President Bola Tinubu, what he did with the trillions of...
Inflation Rises To 16.82% In April 2022 – NBS
The National Bureau of Statistics, NBS, said inflation rate rose to 16.82 percent in April 2022, representing a 0.90 percent rise when compared to 15.92 per cent recorded in March 2022. The bureau also said that the composite food index rose year...
World Bank Report: No Leakage In Federation Revenue — FG
The Federal Government says deductions from the federation earnings by the Federation Account Allocation Committee, FAAC, are being misrepresented as a diversion of revenue. In a...
Amazon To Eliminate Over 18,000 Jobs
Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact the online retail giant...
12 States Have Enacted Tax Harmonisation Law — Oyedele
Not less than 12 states have enacted the tax harmonisation law considered a crucial part of the broader tax reform agenda introduced by the...
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%...
Sen. Kalu Inspects Multi Billion Naira Cashew Processing Plant, Tasks Youths On Peace (Photos)
Former Abia State Governor, Orji Uzor Kalu has urged youths to shun violence and embrace peace for the overall economic development and progress of...
Miners Owing FG N2tn, Says Minister
The Minister of Solid Minerals Development, Dele Alake, has disclosed that miners and operators owe the federal government more than N2 trillion. He however noted...
