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Category: Business

Finally, Naira Crashes To Dollar Again

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 this Newspaper on...

Nigerian Bank gets N173.6 billion to support Women and SMEs

Access Bank, one of the leading financial institutions in Nigeria, has gotten $280 million, about N173.6 billion, from a US agency, International Development Finance...

Nigerian bakers reveal new price hikes for bread

Kogi Master Bakers say they would call off their strike Sunday midnight and resume work Monday, July 25 with hike in prices of bread. Chief Gabriel Bamidele-Adeniyi,...

Popular Billionaire Eze acquires new private jet

Popular Nigerian billionaire, Prince Arthur Eze, has reportedly added a brand new private jet to his collection. A trending video making rounds online captured the...

Billionaire Bill Gates loses spot in top World’s Richest men

Bill Gates, has been displaced as the world’s fourth richest man by an Indian businessman, Gutam Adani. Adani who is now worth about $115.5 billion as against...

Naira falls Massively Against Dollar

Nigeria Naira continue to fall deepper at the black or parallel market to N658 to a $1.00 or 6% devaluation. Bureaux De Change operators (BDCs) who spoke to our...

Bread Bakers Begin Strike Action Thursday

Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, have concluded plans to embark on...

Nigeria Singer Asa sings “Fire on the Mountain” During Buhari’s NNPC reopening

President Muhammadu Buhari on Tuesday, July 19 unveiled the new Nigerian National Petroleum Company Limited (NNPC). The unveiling was organised to mark the official...

Foreign exchange: Naira hits 620/$ at parallel market

THE naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8...

Elon Musk tops 100 billionaires ranking, Dangote now 63rd

Nigeria’s Aliko Dangote has become the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg.   In the ranking released on...