The acquisition suggested that the billionaire investor was likely to set the stage for a bidding…
Category: Economy
Femi Otedola Sells Transcorp Stake to Tony Elumelu in Corporate Truce
Nigerian billionaire Femi Otedola has sold off his entire shares in Transcorp Plc to Tony Elumelu,…
FG’s suspension of fuel subsidy removal, best option – Labour
We are confused that our refineries are not working and we have asked over time, why…
Oil servicing company battles Innoson Motors over N430m failed vehicle supply contract
The firm stated that it therefore made payments to Innoson in three tranches, first, N65m on…
CBN extends deadline for collection of old Naira note
Our CBN Staff currently on mass mobilization and monitoring together with the officials of the EFCC…
Currency redesign policy fuels naira stability at parallel market — BDCs
The ABCON chief said that the naira had traded within a stable band of N750 to…
Biden, Xi, Sunak, Macron absent as leaders attend WEF
As large parts of the world suffer from rising food and fuel prices and the global…
FG disburses N173bn for uniform fuel price nationwide
THE Federal government on Monday projected that Nigeria would be ending the importation of petroleum products…
Abakaliki residents urge FG to halt unofficial PMS price hike
This is why the appropriate authorities should take action immediately to stop the current economic torture…
CBN bans over-the-counter withdrawal of new notes
There are gaps from the regulator, which is the CBN, but we will obey the directive…
Buhari will leave N77 trillion debt behind: DMO
You will see a significant increase in public debt to N77 trillion.” By Ife Osemedua 365Daily…
Buhari is transiting Nigeria to manufacturing economy – NASENI boss
This project is in line with His Excellency, President Muhammadu Buhari’s directives to us to carry…
Gov. Umahi empowers 250 indigenes of his hometown with start-up capital
If you do not utilise the money, we will convert it to loan and you will…
Air Peace demands investigation into aircraft damage by ground equipment
The NAHCO staff had no reason to be where he was and he was not assigned…
Naira note deadline: Ndume speaks on economic implication of January 31 ultimatum
I only saw the new notes myself as a Senator on Wednesday, when I raised the…
JUST IN: Senate Passes N819bn Supplementary Budget For 2022
The National Assembly had passed N17.12 trillion as the 2022 budget, but it was later revised…
BREAKING: Senate in rowdy session over Buhari’s request for N23.7trn extra-budgetary approval
As Olamilekan commenced his presentation, the Senator representing Rivers West, Betty Apiafi, raised a point of…
NMDPRA vows to clamp down on petrol stations hoarding fuel
The agency had taken measures to ensure petrol stations did the right thing, especially this festive…
Nigerian government to sell five electricity companies to fund 2023 budget
The government said the sale will take place in the first quarter of 2023 and the…
CBN bows to pressure, increases cash withdrawal limit
By Moses Okorie The Central Bank of Nigeria has bowed to pressure and amended the…
Emefiele can’t appear before Reps
If you recall, the Central Bank was supposed to come on Thursday, and unfortunately the Governor…
Buhari, Gbajabiamila meet over cash withdrawal limits
I don’t want to get into it. I don’t want to get into it except to…
MTFE Boss tasks Nigerians on business risks, opportunities
We started this journey not knowing actually where we are going but along the line we…
Aviation operators announce flight disruptions over fuel scarcity
While we do our utmost best to manage the situation and ensure safe flight operations, we…
Demolition: Traders at Mile 12 Market recount ordeal
We just saw them removing the roofs of our buildings; the majority of the people living…
Allegations against Emefiele: CSOs storm NASS, call for Kazaure’s arrest
This man has been lying that he is investigating the Governor of the CBN and has…
CSOs blast CBN Gov’s critics, say they’re caught by reform policies
The false allegations by a Member of House of Representatives from Jigawa State, Hon Gudaji Kazaure,…
Senate urges CBN to increase cash withdrawal limits
The policy seems to be targeted at the elite who often devise means to circumvent the…
Inflation, energy cost, foreign exchange pushing businesses into insolvency – Expert
With Nigeria’s harsh economic realities, the situation is expected because most businesses struggle to stay afloat.…