Category: Business
Nigeria Proposes New Bill Requiring Tax Identification Number for Bank Account Services
A new bill proposed in Nigeria seeks to make it compulsory for individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax...
Petrol Price Renders N70,000 Minimum Wage Useless – NLC
The Nigeria Labour Congress (NLC) said on Thursday that it will meet with the federal government to discuss ways that workers could weather the recent increase in the...
Nigerian Government Issues One-Month Ultimatum for Traders to Slash Prices Nationwide
The Federal Competition and Consumer Protection Commission (FCCPC), has given a one-month moratorium to traders and other market stakeholders involved in pricing to...
How to Elevate Your Career by Refining Accent, Dressing for Success, and Building Confidence, Written by Akan Imoh
If you’ll want to have a stellar career, I mean, work for top companies and hold top roles, one thing you’ll need to do early on in your journey is to ‘clean up’...
I live in a rented apartment in Abuja — Billionaire Aliko Dangote
Africa’s wealthiest businessman, Aliko Dangote, has disclosed that the house he resides in while visiting Abuja is not his own. Speaking to media at the Dangote...
Aliko Dangote Calls Out CBN’s High Interest Rate, Laments Stifling of Job Creation
Aliko Dangote, chairman of the Dangote Group, has denounced the Central Bank of Nigeria’s (CBN) decision to raise interest rates to almost 30 per cent. Speaking at...
Former Konga CEO Nick Imudia’s Death Not Suicide, Family Insists He Was “Full of Life”
The Imudia family, reacting to the unfortunate passing of their loved one, Nick Imudia, former CEO of Konga, has issued a statement vehemently denying rumors of suicide....
Ex-Konga CEO Nick Imudia Dies by Suicide
In a shocking turn of events, the Nigerian business community was rocked by the sudden and tragic death of Nick Imudia, former CEO of Konga, one of the country’s...
Mile 12 Market Chairman Blames Insecurity for Spike in Tomato, Pepper Prices
On Monday, Shehu Usman Jubrin, the Chairman of the Mile 12 International Market in Lagos, Nigeria, explained the recent spike in prices for tomatoes, peppers, and other...
EFCC Cracks Down on Dollar Transactions: Embassies Ordered to Charge in Naira
In a recent development, the Economic and Financial Crimes Commission (EFCC) has urged the Federal Government of Nigeria to prohibit embassies from conducting...
Nigeria’s Naira Continues to Struggle, Among the Worst-Performing Currencies Globally, Report Reveals
The Nigerian Naira has experienced a significant shift in its performance, as reported by Bloomberg The report highlighted the growing challenges faced by...
CBN Imposes Tight Deadline for PoS Operators
The Central Bank of Nigeria (CBN) has issued a resolute 7-day ultimatum for all Point of Sales (PoS) operators to complete their registration with the Corporate Affairs...
Asake’s Barber, Topzycut Launches Two-Day ‘Barber’ Seminar, Sets Slot For N500,000 Per Participant
Adeyinka Taofeek—known by his slick moniker “Topzycut”—who also happens to be the go-to barber for Afro-fusion star Asake, has announced a luxurious two-day...
Sterling Bank CEO Says Professional Bankers Shouldn’t Focus on Getting Rich
Sterling Bank CEO, Abubakar Suleiman, warned against unethical practices in the banking industry at the induction ceremony of the Chartered Institute of Bankers of...
335 Manufacturing Companies Became Distressed, 767 Shut Down Since the Beginning of 2023 – According to the Manufacturers Association of Nigeria
In a report released by the Manufacturers Association of Nigeria (MAN), 335 manufacturing enterprises have become distressed and 767 have closed in 2023. This comes at a...
Tinubu Orders Cement Manufacturers to Lower Prices, Following Recent Hike
President Tinubu has directed all cement manufacturers to revert to the previous price of cement, following a recent hike in prices. Minister of Works, Senator David...
ATWAP Says Pure Water May Cost N100 per Sachet, Citing Rising Costs
The Association of Table Waters Producers has warned that the price of pure water may rise to N100 per sachet, citing the high cost of production inputs such as plastic...
BUA Group Chair, Abdul Samad Rabiu, Announces 50% Salary Increase for All Employees
Abdul Samad Rabiu, Chairman of BUA Group, has announced a significant salary increase for all staff members, with a 50% increase across the board. An internal memo,...
Billionaire Femi Otedola Appointed as Chairman of First Bank Nigeria and FBN Holdings
Billionaire Femi Otedola appointed as Chairman of the Board of Directors of First Bank Nigeria, FBN Holdings. Otedola who succeeds Alhaji Ahmad Abdullahi was elected...
NNPCL, Petrol Marketers at Odds Over Subsidy, Retailers Set Pump Price at N1,200/litre
The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed...
Fuel Crisis Sparks Panic as NNPC Supply Collapses
Fuel scarcity has resurfaced across Nigeria as many oil marketers shut their outlets against motorists and other buyers on the back of an unfavourable working...
Video: I have no intention of practicing Law – ‘Baddest Lawyer’ Ifunnaya reveals
Controversial lawyer and social media personality, Ifunanya Excel Grant, has clarified the controversy surrounding her current professional status. In a video posted on...
Cost of Living: Nigeria’s never ending Hydra
The cost of living in Nigeria is a recurring topic that has garnered significant attention in recent years. The World Bank said four million Nigerians were pushed into...
I Don’t Own Houses Outside Nigeria, Acquiring Luxury Is A Distraction – Dangote
Billionaire businessman, Aliko Dangote has revealed that while some of his staff have houses abroad which they use as holiday homes, he has none. Dangote, in an...
FG announces plans to collect VAT from market traders
The Nigerian Government through the Federal Inland Revenue Service, FIRS, announced the VAT Direct Initiative, a scheme that would enable FG to collect Value Added Taxes...
Anxiety Rises over Worsened Scarcity Of Tomatoes, Peppers
There is a rising anxiety over the worsening scarcity of tomatoes and peppers in most parts of the country, with consumers and sellers adducing different reasons for the...
Pastor Adeboye’s Son, Leke, Gifts N2m To Five Youths On 41st Birthday
Son of the General Overseer of the Redeemed Christian Church of God, Leke Adeboye, has given out N2 million to five youths. He made it known that the donation is to help...
Everything You Need to Know About Landing Your Dream Creative Job
Don’t just update your CV; get yourself noticed! There are more jobs than ever in the Creative industries, home and abroad. But that also means the competition is...
45 Years Ago, Dangote Came To Lagos With Nothing, Sanwo-Olu Says
The Governor of Lagos State, Babajide Sanwo-Olu made a speech at the refinery’s inauguration where he made it known that Dangote had nothing when he arrived Lagos...
Importation of Indomie noodles is prohibited in Nigeria — NAFDAC declares
The National Agency for Food and Dr¥gs Administration and Control (NAFDAC) has disclosed that importation of Indomie noodles is banned in Nigeria. Director-general of...
Dangote close to buying French club, Valenciennes
Africa’s richest man, Aliko Dangote is close to buying French Ligue 2 club, Valenciennes. According to French media outlet, Entreprendre, the business mogul, who is...
I made my first million selling wristband — Pastor Adeboye’s son, Leke
Leke, son of the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has said he made his first one million selling rubber. Speaking in a...
Photonews: Nigerian Student Package “Garri Parfait”, Sells In Large Quantity To Colleagues
A Nigerian student named Maureen Emenike has packaged ‘Garri parfait’ and already selling them in large quantities at her school, Abia state University Uturu.
POS Operator Allegedly Spends N280 million Mistakenly Sent To His Bank Account, Sponsored People To Lesser Hajj
A Point of Sale (POS) operator, identified as Alfa Rafiu, has been arrested in Ilorin, Kwara State capital for allegedly spending the sum of N280 million mistakenly sent...
Naira Scarcity: Why New Notes Are Not In Circulation – CBN
Naira Redesign Was Done In The Interest Of Nigerians – CBN DeclaresWith the December 31st deadline issued by the Supreme Court over the legal status of the old...
Lagos Govt Shuts Supermarket For Sale Of Expired Products
The Lagos State Consumer Protection Agency has shut down Chiffy Supermarket, located at No. 3, Oduduwa Crescent Government Reserved Areas, Ikeja, for selling expired...
CBN orders Banks to open Saturdays and Sundays, attend to cash needs
The Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays. This is as the apex bank confirmed the evacuation of...
NLC To Begin Nationwide Strike Over Cash Scarcity
The Nigeria Labour Congress (NLC), has directed its branches across the 36 states of the federation to begin mobilisation for industrial action over the persistent cash...
Dangote Overtakes Four On Billionaires’List, Makes N460bn In A Day
Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list on Monday, after making N460bn in a day. The...
Reactions As Banks Demand Central Bank Code For Accepting Old Naira Notes’ Deposit
Naira notes, traders, business owners and transporters are still adamant on accepting the old N500 and N1,000 notes for transactions. A trader in the popular Eke Awka...
Sanwo-Olu Vows To Shut Banks Rejecting Old Naira Notes, Releases Hotlines For Reporting
The Governor of Lagos State, Babajide Sanwo-Olu, has vowed to report any bank that rejects the old notes to the Central Bank of Nigeria and to shut the offending branch...
Accept Old Naira Notes, Sanwo-Olu To Lagosians
Governor of Lagos State, Babajide Sanwo-Olu, on Monday said that the old naira notes remain legal tender in the state. Sanwo-Olu, in his statement by Commissioner of...
Commercial Banks Issue Old Notes To Customers In Abuja
Commercial banks in the Federal Capital Territory (FCT) have started issuing old naira notes to customers. Checks at some banks in Abuja on Wednesday revealed that...
Old 500 and 1000 Naira notes are now legal tender — CBN’s Acting Director Of Corporate Communication
The Central Bank of Nigeria (CBN) says both old and new Naira notes are now legal tender. CBN’s Acting Director of Corporate Communications, Dr Isa Abdulmumin,...
Banks Dispense Old N500, N1,000 Notes To Nigerians Amidst Silence From CBN
Recall that the Nigerian Supreme Court had ordered that the old N500 and N1000 notes phased out by the Federal Government be kept in circulation until December. Some...
Old Naira Notes: We Have No Information On The Supreme Court Ruling – CBN
For the second time since the Supreme Court ruled that the old N200, N500 and N1,000 notes will remain legal tender until December 31, the Central Bank of Nigeria (CBN)...
Old Notes Remain Valid Till Dec 31 As Supreme Court Nullifies CBN’s Naira Redesign Policy
The Supreme Court has restrained President Muhammadu Buhari from withdrawing the old N200, N500 and N1000 notes from circulation. The apex court also faulted the...
CBN Debunks Plan To Shut Down Financial Transactions Over Elections
The Central Bank of Nigeria has debunked the report that financial transaction will be shut down from Thursday, February 23 till Monday, February 27. This was disclosed...
Naira Scarcity: CBN Debunks Release Shared On Aisha Buhari’s Instagram Page
The Central Bank of Nigeria has debunked a purported press release shared on the Instagram page of the First Lady, Aisha Buhari. In the release shared on Aisha’s...
CBN orders banks to accept old N500, N1,000 notes
As protests spread in some parts of the nation over the cash swap policy, the Central Bank of Nigeria(CBN) ordered banks to collect the old N500 and N1,000 notes from...
Buhari Directs The Release Of Old N200 Notes Into Circulation, To Co-exist With New BankNotes For 60 days
President Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with the new N200, N500 and N1,000 banknotes for...
CBN To Prosecute POS Operators Who Demand Exorbitant Charges On Transaction
The Central Bank of Nigeria (CBN) has promised to prosecute Point of Sale (POS) operators who demand exorbitant charges on transactions. This was disclosed by the apex...
Protesters Besiege CBN Headquarters And AGF Office Over Court Ruling On Deadline For Use Of Old Naira Notes
Protesters have besieged the headquarters of the Central Bank of Nigeria (CBN) and the office of the attorney-general of the federation (AGF) over a ruling of the...
POS Operators Accused Of High Charges
Point of Sales, POS, operators in every parts of Nigeria have increased their commission on money withdrawn as the scarcity of new notes worsened. Although several POS...
CBN Extends Deadline For Exchange Of Old Naira Notes By 10 Days
CBN has finally extended the deadline for the exchange of old naira notes by 10 days. The new deadline is February 10, 2023. More details shortly…
Maritime Former Employee Sentenced To 110-years In Prison For N22m Fraud
A former employee of Maritime Academy of Nigeria, Charles Afaha, has been sentenced to 110 years in prison for fraud by the Federal High Court in Uyo, Akwa Ibom State....
Nigerian Commercial Banks To Work On Saturday, Sunday To Mob Up Old Naira Notes
At least two Nigerian commercial banks, First Bank Nigeria and Guaranty Trust Bank, have said their branches across the country will operate on Saturday and Sunday to...
News Update,Tuesday,24/01/2023
** Buhari commissions $1.5bn Lekki Deep Sea Port ** Buhari joins Tinubu’s campaign in Bauchi ** FG releases new Covid-19 restrictions for international travelers...
FG Increases Petrol To 185/ltr
The Federal Government has officially increased the price of petrol by 8.8 per cent from N170 per litre to N185 per litre. Vanguard reports that an internal...
News Update,Friday,06/01/2023
** PDP G-5 Governors meet in ibadan, reveal preferred Presidential candidate ahead of elections ** Vote all Senatorial, Reps, Guber, Assembly candidates but Makinde will...
Photonews: CBN increases weekly ATM withdrawal limits from ₦100k to ₦500K
CBN increases weekly ATM withdrawal limits from ₦100k to ₦500K.
Nigerians Should Prepare For More Hardship – NGO
A civil society organization operating under the auspices of the International Human Rights Commission has said that the National Bureau of Statistics’ estimate...
House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit
The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9, 2023 pending...
CBN Drops ATM Withdrawal Limit To ₦20k Per Day
Further to the launch of the redesigned Naira notes by the President of the Federal Republic of Nigeria, on Wednesday, November 23, 2022 and in line with the Cash-less...
CBN To Limit Cash Withdrawals From January 9
The Central Bank Of Nigeria, has imposed fresh cash withdrawal limits on individuals and organisations. According to a new memo to banks issued on Tuesday and signed by...
CBN Blames Students For Persistent Naira Crash
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has blamed Nigerian students seeking foreign education for the persistent fall of the naira against...
Buhari unveils new naira notes Wednesday
President Muhammadu Buhari will unveil the new naira notes on Wednesday, Central Bank of Nigeria (CBN) Governor Godwin Emefiele has announced. Addressing journalists at...
Things You Should Know About Naira Redesign
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the N200, N500 and N1000 notes would be redesigned. Below are what you need to know...
News Update, Monday, 14/11/2022
** Arrest INEC office attackers, SERAP tells Buhari ** Buhari returns from London medical trip ** Atiku’s attempt to reconcile with Wike -G5-Masquerade belated:VON DG...
Billionaire Businessman, Femi Otedola Spends Over N2.2billion To Rent Aristotle Onassis’ Christina O Super Luxury Yacht Ahead Of His 60th Birthday
In celebration of his 60th birthday which holds this Friday November 4th, the astute businessman and Chairman of Geregu, rented the super yacht belonging to one of his...
MTN To Construct N202bn Enugu-Onitsha Road – FG
The federal executive council (FEC) has approved the takeover of the construction work on the Enugu-Onitsha expressway by MTN Nigeria at about N202.8 billion, under the...
News Update, Thursday, 06/10/2022
** Appeal court challenges FG, ASUU to resolve strike dispute out of court ** FG promises to provide enabling environment, attract investments to seaports ** Increase...
News Update, Monday, 03/10/2022
** Nigeria @ 62: We’re in war situation – Pastor Adeboye ** Ohuabunwa writes Buhari, raises concern over nation’s gradual collapse ** Declare your assets before...
Glo Announces Tobi Amusan As Brand Ambassador
Multiple winner of global athletics records, Tobi Amusan has been announced as a brand ambassador for a digital telecommunications solutions provider, Globacom. Born...
We’re Quiet About Exchange Rate But Listen To Asake – Fapson
Actress Dorcas Fapson has slammed Nigerians, especially youths for ignoring the rise in the exchange rate. Concerned about the issue of forex in recent times, the...
News Update, Thursday, 22/09/2022
** Buhari addresses United Nations General Assembly ** ASUU: NANS rejects court ruling, says lecturers can’t be forced back to work ** FG to order vice-chancellors to...
Ex-NBA President, Akpata, Stranded Amid Students’ Protest
The immediate past president of the Nigerian Bar Association, Olumide Akpata, was stranded in traffic caused by the National Association of Nigerian Students’...
News Update, Wednesday, 14/09/2022
**Buhari visits Imo, commissions projects **How I intend to address insecurity, crawling economy if elected – Atiku **Boko Haram members are “fraudulent oeople”,-...
Aviation Workers Protest In Abuja
Aviation workers are currently protesting in Abuja. They held banners and placards one of which read, ‘Buhari, don’t assent to anti-union aviation...
News Update, Sunday, 11/09/2022
** Senate President, Lawan meets Abdulsalami, IBB in Minna ** Islamic court orders arrest of Nigerian celebrities over immoral conduct ** FG set to drag ASUU to court as...
News Update, Tuesday, 06/09/2022
** FG suspends proposed telecoms tax ** PDP Crisis: We will show Ayu what ‘Boys’ can do — Wike ** APC has no hand in PDP crisis, says VON DG ** 2023: Atiku will...
News Update, Thursday, 01/09/2022
** Muslim/Muslim ticket: Focus should be on need for good governance – Obasa, others ** Atiku, Tambuwal, PDP fault suit by Wike, Ekamon against party’s primary **...
Stolen Crude Oil Found In Churches, Mosques – NNPC
The Nigerian National Petroleum Company (NNPC) Limited, has accused religious leaders, security agencies, and even some NNPC staff of the theft of the nation’s crude...
News update, Tuesday, 23/08/2022
**Lawyer sues Buhari, AGF, others over alleged unlawful interference with NDDC **Atiku, Obi, Shettima attend NBA conference **Tinubu, I will replicate Lagos achievements...
Senate Committee Charges N50,000 For Workshop
The Senate Committee on Electoral Matters has asked participants to pay for a workshop for political parties and their candidates scheduled to hold from August 30 to 31,...
70% Of Cars Innoson Supplied Have Broken Down, Says Uzodinma After Innoson Motors Declared That Imo Is Owing N2.5bn
. The Imo state government has described as distasteful and cheap blackmail the claim by Innoson Motors that it is owing the company N2.5b being cost of the vehicles it...
News Update, Monday, 25/07/2022
** Rights groups ask Buhari to assent NYSC trust fund Bill ** Terrorists threaten to abduct Buhari, El-Rufai, kill Abuja-Kaduna train victims if… ** I’m playing my...
News Update, Monday, 25/07/2022
** Rights groups ask Buhari to assent NYSC trust fund Bill ** Terrorists threaten to abduct Buhari, El-Rufai, kill Abuja-Kaduna train victims if… ** I’m playing my...
News Update, Monday, 25/07/2022
** Rights groups ask Buhari to assent NYSC trust fund Bill ** Terrorists threaten to abduct Buhari, El-Rufai, kill Abuja-Kaduna train victims if… ** I’m playing my...
Naira Slumps To N630 Per Dollar
Listings on the platform showed the naira which exchanged for N620 as at Monday, now trades at N630 against the dollar on Wednesday afternoon. The plummeting Nigerian...
News Update, Friday, 15/07/2022
** Osun Guber: Wike absent as Atiku, Okowa, PDP Governors storm Osogbo for Adeleke ** APC postpones Tinubu’s running mate unveiling ceremony indefinitely **...
News Update, Tuesday, 05/07/2022
** 2023 Elections: APC finally settles for El-Rufai as Tinubu’s running mate ** 2023: I’ll unite all aggrieved PDP members – Atiku ** 2023 Census: NPC...
News Update, Thursday, 23/06/2022
** We’ll decentralise national grid, invest $550m to boost power supply – Buhari ** Buhari presides over FEC meeting, nominates Mohammed Shehu as RMAFC chairman **...
News Update, Friday, 17/06/2022
** 2023: Atiku announces Okowa as running mate ** We’ll rescue Nigeria, Okowa says after nomination ** Okowa suitable for president after me, says Atiku ** Nigeria...
News Update, Thursday, 16/06/2022
**Professor Wole Soyinka Losses Brother ** Electoral Act: Reps to override Buhari’s veto on statutory delegates ** APC Presidential primary: COSEG congratulates...
News update, Wednesday, 15/06/2022
**Ekiti Guber: Tinubu, Sanwo-Olu, 13 governors drum support for APC candidate **INEC assures Nigerians: Ekiti guber election will be historic **Buhari holds talks with...
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