Naira down to N1,400/$ in parallel market
The Naira depreciated to N1,400 per dollar in the parallel market as at Tuesday morning, June 16, down from N1,390 per dollar recorded last weekend. However, the…
Airlines Urge NCAA to Collect 5% Ticket Charges Directly from Passengers Amid N20bn Debt Dispute
The Airline Operators of Nigeria (AON) have called on the Nigeria Civil Aviation Authority (NCAA) to develop a mechanism for collecting its five per cent Ticket Sales Charge (TSC) and…
US Venture Studio Unveils N600bn Initiative to Empower Imo Entrepreneurs, Create 20,000 Jobs
A United States-based venture studio, Calpe Labs, has launched a N600 billion enterprise development initiative aimed at improving access to capital and strengthening entrepreneurship among grassroots businesses in Imo State.…
Trump refuses to hand over financial records in BBC defamation case
Donald Trump’s lawyers are attempting to block the BBC from obtaining the US president’s financial records as part of his $10 billion defamation case against the broadcaster. Trump…
Nigerian Exchange Limited Investors Suffer N73bn Loss Ahead of Democracy Day
Investors lost N73 billion after Thursday’s trading on the Nigerian Stock Market to end the week on a bearish note as the nation marks Democracy Day. Data from NGX showed that the market capitalisation…
Nigerian Exchange Limited Investors Record N99bn Gain
Details of the trading on Wednesday at Nigerian Exchange Limited showed that market capitalisation rose by 0.06 per cent, increasing from N156.943 trillion to N157.042 trillion. Similarly, the All-Share Index (ASI) gained…
E-Commerce Stakeholders Advocate Technology, Infrastructure Investment for Sustainable Growth
Key players in Nigeria’s e-commerce ecosystem have emphasised the need for businesses to embrace technology, strengthen infrastructure and build efficient systems to drive sustainable growth and improve service delivery. The…
Nigerian banks quick to raise lending rate but slow to reduce it – IMF
The International Monetary Fund has stated that Nigerian banks raise lending rates quickly when monetary policy is tightened but are far slower to cut borrowing costs or boost returns for…
Peter Obi Questions Tinubu Administration Over Rising Debt Despite Increased Revenue
Mr Peter Obi, presidential candidate of the Nigeria Democratic Congress, NDC, and former governor of Anambra State, has questioned the Federal Government’s borrowing pattern, arguing that the sharp increase in national…
Nigeria’s Petrol Imports Hit Four-Month High as Dangote Refinery Maintenance Disrupts Local Supply
Nigeria has returned to high levels of petrol importation, with fuel imports rising to their highest point in four months in May, underscoring the country’s continued reliance on foreign supplies…















