BUSINESS NEWS: NIGERIA’S EXTERNAL RESERVES EXCEED $35 BILLION – CBN
As of July 8, 2024, the Central Bank of Nigeria reported that Nigeria's external reserves stood at $35.05 billion. This is the first time under...
NEITI SEEKS COLLABORATIONS TO GROW NIGERIA’S MINING SECTOR
With more than 40 commercially viable solid minerals distributed around the nation, the Nigeria Extractive Industries Transparency Initiative (NEITI) has urged stakeholders to take more...
ABIA GOVT TO LAUNCH N1BN INTEREST FREE LOAN FOR 9,200 RESIDENTS
The Abia state government will launch a N1 billion interest-free revolving loan under the Abia cooperatives scheme on Thursday for 9,200 residents from the 184...
SOUTH KOREAN SAMSUNG WORKERS BEGIN THREE-DAY GENERAL STRIKE OVER PAY
According to the head of a union that represents tens of thousands of workers, Samsung employees started a three-day general strike on Monday over wages...
JUST IN: CAC EXTENDS POS REGISTRATION DEADLINE TO SEPT 5
The Corporate Affairs Commission (CAC) has announced the extension of mandatory Point of Sales agents, super agents, and sole agents registration to September 5, 2024....
DANGOTE CRITICIZES CBN’S LATEST 30% INCREMENT IN INTEREST RATE
Aliko Dangote, the chairman and CEO of the Dangote Group, has criticized the Central Bank of Nigeria (CBN) for its most recent interest rate increase,...
NIGERIA’S CAPITAL IMPORTATION SURGES 210% TO $3.37M IN Q1 2024
According to recently published National Bureau of Statistics (NBS) data, total capital imports into Nigeria increased by 210.16% to $3,376 million during the first quarter...
GAC MOTOR PRESENTS DAVIDO AND HIS WIFE, CHIOMA WITH GN8 MPV AS WEDDING GIFT
In an unparalleled display of grandeur and opulence, GAC Motor has set a new standard for automotive excellence and collaboration by gifting Davido and Chioma...
‘MINOR FIRE’ AT DANGOTE REFINERY EFFLUENT PLANT PUT OUT
On Wednesday, a "minor fire" incident was reported at the Dangote Refinery's effluent treatment plant in Lagos. Firefighters and other emergency personnel responded quickly, putting...
NAIRA APPRECIATES AGAINST DOLLAR AT BLACK MARKET
The Naira appreciated marginally to N1,480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays....