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Category: Business
Dollar To Naira Exchange Rate Today
The Naira on Wednesday depreciated against the dollar at the investors and exporters window, exchanging at N763.17 The Naira depreciated by 0.87 per cent when…
IBEDC laments, says Kwara customers owing over N50bn debt
The Ibadan Electricity Distribution Company (IBEDC) on Tuesday lamented the spate of unpaid electricity bills which is hindering the company from meeting its obligation to…
South Africa’s Johann Rupert Overtakes Aliko Dangote as Africa’s Richest Man, Forbes Reports
Forbes Real-time Global Billionaires has recently released its latest list, revealing significant shifts in the rankings of Africa’s wealthiest individuals. Nigeria’s renowned industrialist, Aliko Dangote,…
President Tinubu seeks US partnership on energy transition
President Bola Tinubu has called for stronger and better cooperation with the United States for renewable and other sources of clean energy. The president appealed…
Give Africans Visa On Arrival To Aid Trade, Dangote Urges African Countries
Recounting a personal experience, the industrialist decried a situation where “we go with a British guy or maybe a Nigerian holding a British passport (and)…
Electricity Tariff to Increase by Over 40% from July 1, Nigerian Stakeholders Warn
Nigerians are bracing themselves for a significant increase in electricity tariffs, as stakeholders announce a projected surge of over 40% starting from July 1. The…
Tinubu puts Nigeria back on the map as investors weigh reforms
The excitement about the new president and his reforms is palpable,” a senior banker at a U.K-based financial institution told BusinessDay about how the foreign…
FG summons oil marketers, set to close equalisation fund
Following the deregulation of the downstream petroleum industry, the Federal Government has begun the process of closing down the Petroleum Equalization Fund, The move, it…
CBN removes saving, withdrawal limits on domiciliary accounts
The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts. In a statement by the CBN on Sunday, the new regulation allowed…
Bulk Strategic Reserve Ceo, Amamgbo To Be Honoured As Anambra Oil and Gas Person of the Year
Oil Mogul and CEO of Bulk Strategic Reserve Ltd,Barr. Chidi Amamgbo will be honoured as Anambra Oil and Gas Person of the Year. Amamgbo, a…