In a bid to mitigate the impact of petrol subsidy removal on the Nigerian populace, President Bola Tinubu has given his nod to the establishment of the Infrastructure Support Fund (ISF) for…
Category: Business
BREAKING: Market forces driving up petrol prices – NNPC
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, has blamed market forces for the increase in petrol pump price from N540 to N617 per litre.…
Nigeria’s inflation rate hits 22.79% in June – NBS
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 22.79 per cent in June 2023. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report…
Jaiz Bank appoints Bintube as new board chairman
Jaiz Bank Plc, Nigeria’s pioneer non-interest bank has announced the appointment of Mohammed Mustapha Bintube as the new Chairman of the Board of Directors. According to a statement from the Bank, Bintube’s…
Naira weakens, trading at N769.25 against Dollar
The Nigerian Naira experienced a decline in value against the US dollar, reaching an exchange rate of N769.25 at the investors and exporters window. This depreciation represents a 0.82 percent decrease compared…
Glitz Fair empowers business start-ups in Kano State, showcasing entrepreneurial potential
By Mustapha Salisu The Glitz Fair, a renowned platform for entrepreneurs to showcase their business potential, has once again provided opportunities for business start-up founders in Kano State. The two-day fair, held…
Revolution: Sterling Bank’s Qore will offer purchase, financing of electric vehicles (EVs)
By Hamisu Ado Nguru The Nigeria’s leading commercial bank and one of Africa’s fastest-growing companies, Sterling Bank, has changed the course of Nigeria’s energy and transportation sectors with the launch of Qore;…
Naira ends week on negative note, falls by 0.66%
The Naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors and exporters window. The naira depreciated by 0.66 per cent when compared…
Nigeria ranks top 10 worldwide for crypto adoption – Report
A Blockchain Technology Company, EMURGO Africa in partnership with PricewaterhouseCoopers (PwC) disclosed that Nigeria ranked among the Top 10 worldwide for crypto adoption. It said in a statement made available to the…
Nigeria ready for global business, says Tinubu Paris summit: Nigeria ready for global business, says Tinubu
President Bola Tinubu says Nigeria is now ready for global business as ongoing reforms will be sustained for a more competitive economy that attracts foreign direct investment (FDI). Tinubu spoke on Thursday,…
Naira drops further against the dollar; exchanges at N765.13
The naira depreciated further against the dollar on Thursday at the investors and exporters window, exchanging at N765.13. It depreciated by 0.26 per cent when compared with the N763.17 for which it…