Category: business news

CBN increases cash withdrawal limit to N500,000 weekly

The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The directive…

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Fed Govt, States, local govts share N902b Nov revenue

The three tiers of government: federal, states and local governments, have shared N902.05 billion November 2022 revenue from the Federation Account. This is contained in a statement issued by the…

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Africa’s success, prosperity essential for all, says Biden

United States President Joe Biden has said Africa’s success and prosperity are essential to a better future for the world. He spoke on Wednesday at the U.S.-Africa Business Forum in…

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NALDA allays fears of food shortage in 2023

The National Agricultural Land Development Agency (NALDA) has assured Nigerians that the country will not be experiencing a food crisis next year, despite the devastating effects of flooding on farmlands…

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Italian court rejects Nigeria’s $1bn compensation request against Eni, Shell

An appeals court in Milan, Italy, on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group, Eni and Shell Plc in civil proceedings relating to a $1.3 billion…

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Mele Kyari Says ??170/Litre Fuel Price Is Impossible

The Group Managing Director, Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation), Mele Kyari, has disclosed that NNPC cannot maintain a pump price of N170 per litre for…

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Twitter Rolls Out New $8 Subscriptions Offering Verification

Twitter on Saturday launched a subscription service for $8 a month that includes a blue checkmark now given to verified accounts as new owner Elon Musk overhauls the platform’s verification system.…

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8 things Tinubu promises Nigerian business leaders

Bola Ahmed Tinubu,The presidential candidate of the All Progressives Candidate, APC for the 2023 general election has promises Nigerian business leaders eight things if he emerges president . Tinubu promised…

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NIGERIA CINEMAS GENERATE N495M AS REVENUE FOR SEPTEMBER 2022

The Cinema Exhibitors Association of Nigeria (CEAN) says it realised N495m from ticket sales across cinemas in the country in the month of September. CEAN’s National President, Mr Ope Ajayi,…

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Fuel Subsidy: NAIRAXI moves to digitize public transport

Ahead of the removal of fuel subsidy come June 2023, the Indigenous leading Tech-powered mobility Company NAIRAXI says digitizing Nigeria public transportation systems will help to mitigate future effects. The…

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