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Category: Business
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…
Binance CEO declares ‘Binance Nigeria Limited scam entity’
The Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as a scam. Zhao made this known…
Tinubu told to target $60bn FX reserves, exchange rate of N600/$
For Nigeria to target an exchange rate of between 500 and 600 naira to the dollar the country would equire foreign exchange reserves of up…
President Bola Tinubu to meet Dangote and Bill gate on Monday
The Chairman of Dangote Group, Aliko Dangote, and Microsoft co-founder, Bill Gates, will on Monday meet President Bola Tinubu at the State House, Abuja. Dangote…
Nigerian, global brewers adopting sustainable technology
Faced with rising competition and a plethora of environmental and social challenges, Nigerian and global brewers are adopting technologies to reduce their energy consumption and…
Naira will trade at N685/$ by June end- Standard Chartered Bank Boss
Standard Chartered Bank sees the naira trading at N685 per US dollar by the end of June as Nigeria quickens the pace of implementing reforms…