Massive oil theft, among other issues, is wreaking havoc on the government’s finances and endangering the naira’s stability. The Central Bank of Nigeria reported this in a study by…
Category: Business
Edwin: We’ve commenced fertiliser exportation to US, others
The Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Mr Devakumar Edwin, speaks with EDIDIONG IKPOTO on the prospects and challenges of the company’s recently inaugurated fertilizer plant…
NEXIM loan default costs Mortgage bank N2bn assets shortage
A mortgage bank with headquarters in the Federal Capital Territory, Abuja, has lost prime properties valued at about N2b for defaulting on a loan obtained from the Nigerian Export-Import Bank. …
Calvet: Cooperative Societies must recommit to principles of sustainability
The Chief Executive and Principal, United Kingdom Cooperative College, Manchester, UK, Mr Neil Calvet, on Tuesday charged members of cooperative societies in Lagos to recommit themselves to the principles of cooperatives to…
Twitter Stock Soars As Elon Musk Reveals 9.2% Stake
Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site. Twitter…
Heavy Sanctions Imposed On Nigerian Banks Over Mutilated Notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the CBN has warned banks…
South East: Innoson Motors To Establish Manufacturing Plant In Imo
Innoson Vehicles Manufacturing (IVM) has disclosed that plans are afoot to set up a manufacturing plant in Owerri, Imo state. This was disclosed on Friday by Innocent Chukwuma, chairman, Innoson…
In 2021, Mobile Money Industry Processed $1trn
The Global System for Mobile Communications (GSMA), a global organisation unifying the mobile ecosystem for societal change on Wednesday released its 10th annual “State of the Industry Report on Mobile Money.” The…
Drama as Trader dies with password to $500,000 Man’s Cryptocurrency investments
The total amount of money held in Quadriga’s accounts is an estimated total of $250 million and caused 76,000 investors to lose out on their funds once Cotten passed away. A man…
Nigerian May Pay More For Call, Data as MTN, Airtel, others Consider tariffs Increment
The Telecommunication Operators gave the Federal Government a seven-day ultimatum to address their concerns. Nigerian Telecom Operators, including MTN, Airtel, Globacom, and others have threatened to increase service tariffs if the Federal…