Naira Declines to N409 on Black Market Following the Suspension of Banks from Forex Transaction
Nigeria’s naira on Thursday declined to N409 to the dollar on the black market, compared to N402 the previous day, after the suspension of some Nigerian...
PAN: $9bn Dangote Investment Will Boost Manufacturing Sector In Nigeria
The General Manager Operations, PAN Nigeria, Engr Augustine Ikebudu Okolo, has disclosed that the investment of Dangote Group in petroleum refining, petrochemical and fertiliser plant...
Central Bank of Nigeria Bars Nine Banks From Forex Transaction
The Central Bank of Nigeria (CBN) on Tuesday barred nine commercial banks from all foreign exchange transactions. According to THISDAY, this was because they failed to...
Report: Nigeria Environment Unsupportive For Business Operations
Sixty-nine per cent of manufacturing companies in Nigeria are of the view that the Nigerian business environment is unsupportive of their operations, a study conducted...
Agriculture: Federal Government Signs MoU with Arla Foods to Boost Diary Production in Nigeria
Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, says the Federal Government is working toward the improvement and development of the dairy sector...
Dangote Advises Business Owners on How to Turn Nigeria Economic Challenges to Opportunities
Alhaji Aliko Dangote, President of Dangote group has advised business owners and start-ups to deploy technological innovations in addressing the economic challenges bedeviling the country....
Oil Search: President Buhari Orders NNPC to Search for Oil in Benue State
Three weeks after ordering NNPC officials to go and search for oil in the Northern region, President Buhari has again directed NNPC to begin the...
Record shows Globacom has five million new subscribers in a month
National telecommunications operator, Globacom, recorded 5,063,895 new subscribers in the last 12 months. The figure represents 68 per cent of all additional GSM lines in...
Economic Recession Reduces Mobile Phones Patronage By 80 Per Cent In Nigeria
The current economic downturn is taking its toll on the country’s hardware market, as the patronage of mobile phones and other devices has gone down...
World Bank Boost Agricultural Sector in Nigeria with $50m
The World Bank has pledged to support Nigeria’s agricultural sector with 50 million dollars towards the restoration of agricultural livelihood of Fadama beneficiaries in the...