Business Tips

Cryptocurrencies breed illegal activities, raise risks – CBN

The Central Bank of Nigeria has said cryptocurrencies promote illegal activities and raise risks , among other reasons . It said this on Sunday in a statement regarding various comments and reactions following its recent reminder to Deposit Money Banks to desist from transacting in/ and with entities dealing in cryptocurrencies. The CBN stated , …

Cryptocurrencies breed illegal activities, raise risks – CBN Read More »

Aliko Dangote remains Africa’s richest person for 10-years straight

Aliko Dangote of Nigeria is Africa’s richest person for the tenth time in a row, according to the 2021 Forbes’ Africa Billionaires List released on Friday January 22. Forbes stated that the president/CEO of Dangote Group is now worth $12.1 billion, up by $2 billion from last year’s list following a 30% rise in the …

Aliko Dangote remains Africa’s richest person for 10-years straight Read More »

PAN To Begin 2-shifts vehicle production lines in 6 months-MD

The new management of Peugeot Automobile Nigeria (PAN), has said that, it will in the next six months, commence two shifts of its vehicle production lines. Acting Managing Director of PAN, Ms. Taiwo Oluleye, who disclosed this during the graduation of 2019/2020 Batch trainees of Modern Auto Maintenance Techniques at the PAN Learning Centre, said …

PAN To Begin 2-shifts vehicle production lines in 6 months-MD Read More »

BREAKING: Nigeria’s inflation rate hits 13.7%, highest in 30 months.

Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018 . The National Bureau of Statistics disclosed this in its Consumer Price Index report for September on Thursday . Part of the report read , “The consumer price index which measures inflation increased …

BREAKING: Nigeria’s inflation rate hits 13.7%, highest in 30 months. Read More »

Okonjo-Iweala makes final two in WTO race.

World Trade Organization, WTO, members have selected two final candidates – Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee – to advance to the final round in the race to lead the Geneva-based trade body, Bloomberg has reported. By advancing two women to the final round of the selection process, the WTO will likely have …

Okonjo-Iweala makes final two in WTO race. Read More »

Discos obey NERC, begin 14-day tariff hike suspension.

Some power distribution companies are beginning to comply with the order of the Nigerian Electricity Regulatory Commission by suspending the September 1 , 2020 tariff increase . On Tuesday night , NERC issued an order suspending the hike in electricity tariffs for 14 days . Labour unions and the Federal Government had reached a truce …

Discos obey NERC, begin 14-day tariff hike suspension. Read More »

NIGER TO CUT WATER SUPPLY TO ARMY BARRACKS OVER N700M UNPAID BILLS

 Niger government has threatened to stop water supply to the Army Barracks in Minna over unpaid bills amounting to over N700 million. It is total debts for water supply owed by the army, police, DSS and other agencies. The state commissioner for Water Resources, Yusuf Suleiman said this during a media round-table in Minna when …

NIGER TO CUT WATER SUPPLY TO ARMY BARRACKS OVER N700M UNPAID BILLS Read More »

COMMISSIONER SEEKS PRESIDENTIAL ASSENT FOR AIB BILL

The Accident Investigation Bureau Commissioner, Akin Olateru, has sought presidential assent for a bill to empower the bureau to investigate rail, road, and marine accidents and serious incidents. Olateru noted that the bill was currently before the Senate for second reading while at the House of Representatives, a public hearing is being awaited. He said, …

COMMISSIONER SEEKS PRESIDENTIAL ASSENT FOR AIB BILL Read More »