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Category: Business
Cardoso blames Nigeria’s rising inflation on N27trn, N10trn CBN borrowing by past govt
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has said Nigeria’s economy is currently suffering from the consequences of wasteful N27 trillion…
Flutterwave, Dangote Group, others named in Milken Institute’s Africa Leaders Business Council
The Milken Institute has announced the establishment of its Africa Leaders Business Council, appointing top Nigerian companies including tech gaint Flutterwave and the Dangote Group.An…
Only three of 22 airports viable in Nigeria – FAAN
The Federal Airports Authority of Nigeria, FAAN, has said only three of Nigeria’s 22 international and domestic airports are profitable.The Managing Director of FAAN, Olubunmi…
Concerns as NNPCL seeks fresh $2bn crude-for-cash loan amid fuel scarcity
The Nigerian National Petroleum Company Limited, NNPCL, is planning to secure a fresh $2 billion oil-backed prepayment loan amid fuel scarcity in the country.This is…
FG suspends food imports duty, partners states on farming
• Govt launches five-month duty free import window for maize, rice, wheat, others • FG to partner govs, military to cultivate arable lands, support smallholder…
Logistics challenges, flooding cause of Fuel Queues
…as NNPC, stakeholders vow to restore normalcy The NNPC Ltd wishes to state that the fuel queues seen in the FCT and some parts of…
Senegalese, Diop, resumes as World Bank Country Director for Nigeria
The newly appointed World Bank Country Director for Nigeria, Dr Ndiamé Diop, assumed his new position on Monday in Abuja.Diop, a Senegalese, is succeeding Shubham…
BREAKING: Nigerian Govt suspends tax, import duties for maize, wheat, brown rice
The Federal Government on Monday announced the suspension of duties, tariffs and taxes for the importation of some food items through land and sea borders.The…
CBN to slow down rate hikes soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able to slow down increases in the…
Fuel scarcity looms as depots raise petrol price to N720/litre
Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners hiked the ex-depot price of petrol from N630…