Business
Naira sinks to N587/$1 at parallel market as forex scarcity persists
March 26, 2022
Naira sinks to N587/$1 at parallel market as forex scarcity persists
Nigerian naira weakened to N587 per dollar at the parallel section of the foreign exchange (FX) market. The drop is…
ABCON: CBN’s decision to discontinue FX sales to BDCs made naira worthless
March 26, 2022
ABCON: CBN’s decision to discontinue FX sales to BDCs made naira worthless
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the decision of the Central Bank of Nigeria (CBN)…
Buhari directs concessioning of Abuja, Lagos, Kano, Port Harcourt airports
March 23, 2022
Buhari directs concessioning of Abuja, Lagos, Kano, Port Harcourt airports
President Muhammadu Buhari has directed Aviation Minister Hadi Sirika to fast-track the concessioning of the four major airports in Nigeria.…
Weststar unveils all-new Mercedes-Benz S-Class
March 22, 2022
Weststar unveils all-new Mercedes-Benz S-Class
Weststar Associates Limited, authorised general distributor of Mercedes-Benz in Nigeria, has introduced the all-new S-Class in the country. Built on…
Extortion of 14 year old minor: FAAN withdraws ODC, bars NIS Officers from airports nationwide
March 22, 2022
Extortion of 14 year old minor: FAAN withdraws ODC, bars NIS Officers from airports nationwide
Federal Airports Authority of Nigeria (FAAN) has permanently withdrawn the On Duty Cards of two officials of the Nigerian Immigration…
Businesses continue to suffer as diesel price hits N650 per litre
March 22, 2022
Businesses continue to suffer as diesel price hits N650 per litre
The retail price of automotive gas oil, also known as diesel, has spiked to N650 a litre in some fuel…
JUMIA partners top brands for Tech Week 2022
March 22, 2022
JUMIA partners top brands for Tech Week 2022
Jumia consumers will enjoy exciting deals from top-tech brands as the Jumia Tech Week officially kicks off March 21st and…
Nigeria’s public debt close to N40trn
March 22, 2022
Nigeria’s public debt close to N40trn
Nigeria’s public debt as at December 2021 was N39.55 trillion, an increase of N1.5 trillion since September, the Debt Management…
Retailers ask FG to intervene over rising cost of cooking gas
March 18, 2022
Retailers ask FG to intervene over rising cost of cooking gas
The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has asked the…
DMO: Nigeria borrowed over N6trn in 2021 — debt stock now N39.6trn
March 17, 2022
DMO: Nigeria borrowed over N6trn in 2021 — debt stock now N39.6trn
The Debt Management Office (DMO) says Nigeria’s total public debt stock climbed to N39.556 trillion in 2021 against N32.915 trillion…