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Category: business news
Budget Office, World Bank frown at Buhari’s borrowing spree
President Muhammadu Buhari-led administration’s appetite for borrowing despite having less than 19 days to leave the seat of power has continued to be a severe concern to Nigerians. The Budget…
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Transcorp: How I Was Backstabbed By Tony Elumelu — Otedola
Femi Otedola, a billionaire businessman, claims that Tony Elumelu, another tycoon, stabbed him in the back. In his speech on Tuesday, Otedola reminisced about his friendship with Elumelu and the…
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Fuel Subsidy: CISLAC knocks FG over $800m World Bank loan
The Civil Society Legislative Advocacy Centre has faulted the federal government over its $800 million World Bank loan for fuel subsidy Palliatives to Nigerians. In a statement during the weekend…
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Expert Urges CBN To Review Banks’ Capital Base
In order for Nigerian banks to compete favorably with their international counterparts, a Don, Prof. Ailemen Ikpefan, has advised the Central Bank of Nigeria (CBN) to reassess the present N25…
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UN Says Shortage Of Naira Crippled Nigerian Economic Activities
According to information provided by the UN, current naira shortages have severely harmed Nigeria's economy. In its publication, "Trade and Development Report Update; Global Trends and Prospects (April 2023)," published…
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Farmers anticipate an increase in tomato prices
Farmers have warned that the spread of the fatal disease tuta absoluta would result in an impending increase in the price of fresh tomatoes. The illness has reportedly harmed 300…
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Africa’s richest man, Dangote close to buying French club
Aliko Dangote, the richest man in Africa, is almost ready to purchase Valenciennes of the French Ligue 2.Entreprendre, a French news source, reports that the business tycoon and CEO of…
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FG spent N50bn on 2m vulnerable Nigerians in 2022
The Federal Government said it had spent N50 billion on vulnerable Nigerians under the National Poverty Reduction with Growth Strategy (NPRGS). Also, the government disclosed that it would be spending…
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Nigeria flared 59.3SCF gas valued at N81bn in two months
The federal government has said 50.3 Standard Cubic Feet of gas valued at N81 billion Naira ($176 million) was lost to gas flaring in two months (January to February 2023)…
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$3.7bn committed to tackling global food crisis in March
The International Monetary Fund committed $3.7 billion as of March 2023 to address the global food crisis. The IMF disclosed this in its recent report titled ‘Global Food Crisis Update—Recent…
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