British billionaire Alex Beard indicted for corruption in Nigeria, Cameroon oil scandal
Alex Beard, the billionaire former head of oil at Glencore Plc, has been charged with corruption by the UK's Serious Fraud Office, along...Read More
Showing posts with label BUSINESS. Show all posts
Showing posts with label BUSINESS. Show all posts
5 Businesses You Can Start With less than 50$
Many people hold back from starting their own businesses due to the common belief that it requires a huge amount of money. However, this is ...Read More
Dollar-to-naira Exchange Rate Hits An All Time High at N1603.80 On Official FX Market
The naira crossed the N1,600 mark against the dollar at the official foreign exchange market on Thursday. FMDQ data on Thursday showed that ...Read More
Federal Government of Nigeria reaches agreement with oil producers on supply of crude oil to local refineries
The federal government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has reached an agreement with producers to per...Read More
Naira returns to depreciation against dollar, sheds N73 in single day Exchanging for N1533.99 per dollar
The Naira has returned to depreciation against the dollar in the foreign exchange market. FMDQ data showed the Naira dropped to N1533.99 per...Read More
World Bank Blacklists 58 Nigerian Companies, Individuals Over Corruption
The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the in...Read More
Emefiele: I was pressured to offer $600k bribe, witness tells court
A prosecution witness in the ongoing trial of the former governor of Central Bank of Nigeria, CBN, Godwin Emefiele, Victor Onyejiuwa, yester...Read More
CBN Confirms sell of fresh dollars to BDCs at N1,021/$
The Central Bank of Nigeria (CBN) has issued a circular announcing fresh sales of $10,000 to each licensed Bureau De Change (BDC) operator i...Read More
Price of rice crashes to N42,000 from N90,000 per bag
The price of a bag of rice, a staple food in Nigeria, has dropped from N90,000 to between N42,000 to N67,000 in Abuja, Lagos, Ogun and some ...Read More
Naira Opens Shop Below ₦1,000 Against Dollar At Some Segments Of Black Market
The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an Iranian strike...Read More
Suspect arrested with fake $100,000 notes in Abuja
The Nigeria Police Force National Cybercrime Centre has arrested a suspect, Muhammed Zenabdin, for criminal conspiracy and possession of sus...Read More
Foreign airlines want Air Peace out of business - they're underpricing tickets
Allen Onyema, chief executive officer (CEO) of Air Peace, says some airlines are conspiring to take his company out of business by underpric...Read More
CBN Stops Use Of Foreign Currencies As Collateral For Naira Loan
The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disc...Read More
CBN Crashes Dollar Price, Sells at 1,100
The Central Bank of Nigeria has reduced the price of dollar to Naira in a latest move. The Apex Bank announced the sale of huge amount of do...Read More
First Bank Debtors. Starcomms Owing N40b
first bank drop a list of its highest debtors , number 1 will shock you. 1 Starcomms Plc 40,670,992,350.81 2 Absaf & Co Nigeria Limited...Read More
Dangote Pegs Minimum Of 1Million Litres/Marketer As Diesel Sale Begins
The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per mar...Read More
FAAN shuts down KFC Lagos airport over discrimination against person living with disability
The management of the Federal Airports Authority of Nigeria (FAAN) has closed the KFC facility at the Murtala Muhammed International Airport...Read More
Foreign Airlines Dispute CBN’s Claim Of Settled FX Backlog
Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, fore...Read More
CBN N10.3 trillion intervention fund: Nigeria’s health sector gets mere 1% allocation
The Central Bank of Nigeria has allocated N141.64 billion out of the over N10.3 trillion intervention funds to the health sector since incep...Read More
Abia State to get $125 million from Islamic Development Bank for roads
The Islamic Development Bank (IsDB) has earmarked $125 million to facilitate the Abia State Integrated Infrastructure Development Project. T...Read More
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