Business & Economy
Dollar appreciates, sells for N367
The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar. The News Agency of Nigeria (NAN) reports […]
Business & Economy
Business & Economy
9Mobile gets reprieve as banks set aside debt
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December […]
Business & Economy
Scammers steal N325bn from Nigerian banks
Using all forms of social engineering to attack and dismantle financial architecture, fraudsters have so far conned Nigerian banks of N325 billion just as e-frauds continue […]
Business & Economy
N26bn Agric Fund available to entrepreneurs, small businesses
There is good news for small businesses and farmers. They can draw from the N26 billion Agriculture and SMEs Fund, it was announced yesterday. Union Bank […]
Business & Economy
New industries to operate tax-free for 3 years
The federal government has announced a list of 27 new industries that qualified for tax holiday after lifting the administrative suspension on processing Pioneer Status Incentives […]
Business & Economy
Nigeria will soon be out of recession – International Monetary Fund (IMF)
The International Monetary Fund (IMF) yesterday affirmed that Nigeria’s economy will be out of recession this year, growing by 0.8 per cent but it said the […]
Business & Economy
Jeff Bezos, Amazon CEO, is world’s richest man with $90.60bn
Microsoft founder Bill Gates has lost his position as the world’s richest man to Amazon chief executive officer Jeff Bezos. According to Forbes, Bezos’ net worth […]
Business & Economy
$5bn spent to run generators annually a waste – Dogara
Speaker of the House of Representatives, Yakubu Dogara, has said the country spend an estimated $5 billion annually to power their generators. He said the whopping […]
Business & Economy
Central Bank of Nigeria injects $195m into FOREX market
The Central Bank of Nigeria (CBN) yesterday supplied $195 million to stabilise the inter-bank Foreign Exchange Market. CBN spokesman Isaac Okorafor said $100 million was offered […]
Business & Economy
Online transactions made easy with Ecobank Naira mastercard
Ecobank has announced the availability of its naira-denominated MasterCard for international transactions as well as increased daily limits customers can spend on their cards. With the […]