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Category: Business
Bill Gates’ Former Assistant Steve Ballmer Is Now World’s 5th Richest Person
Bill Gates’ ex-assistant has rocketed up the list of the world’s richest people, and could soon overtake Microsoft‘s world-famous cofounder and his former boss in net…
Mixed feelings on CBN’s forex ban reversal
Major operators in the Nigerian Maritime sector have argued back and forth over the decision of the new Governor of the Central Bank of Nigeria,…
Fuel imports drop as depots slash allocation to filling stations
There are strong indications that the volume of fuel imports has dropped drastically as deports operators’ battle shortage of Premium Motor Spirit (PMS), popularly called petrol….
Airlines increase flight seats to beat high operating costs
As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more travellers…
FG to pay nine months N-Power arrears from November
The Federal Government has announced its readiness to commence the payment of nine months backlogs to N-Power beneficiaries who are on the programme beginning from…
UBA to raise awareness on financial fraud
The United Bank for Africa Plc has said it will commence a fraud awareness week, an initiative that will empower customers with knowledge and tools…
Capital market can drive economic momentum, says ICMR
The Institute of Capital Market Registrars has said that an effective utilisation of Nigeria’s capital market can help the nation to regain its economic momentum….
Banks record 117% increase in customers’ complaints
The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from 3,156,704 complaints as of the…
Oil production hits 1.35million barrels/day, highest in 2023
Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume…
Naira-dollar exchange rate falls to N1,040 in parallel market
The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend of demand surpassing supply seems…