Business
Elon Musk Overtakes Jeff Bezos As World’s Richest Man
Elon Musk, the South Africa-born American CEO of electric car company, Tesla, has become the world’s richest man. Musk overtook Jeff Bezos, Amazon CEO, on […]
Business
Business
CBN Directs Switches To Stop Processing Local Currency Transfers Into Dom Accounts
The Central Bank of Nigeria (CBN) has directed switches and processors to immediately cease all local currency transfers in respect to foreign remittances through International […]
Business
CBN Relaxes Rules On Foreign Remittances, Dom Accounts
The Central Bank of Nigeria (CBN) has announced that beneficiaries of diaspora remittances through the international monetary transfer operators (IMTO) shall now have such inflows […]
Business
African Development Bank Wins Global Award For COVID-19 Bond Issue
The bond issue is part of a suite of interventions the Bank has rolled out to strengthen African countries’ responses to the health and economic […]
Business
CBN Bans Third Parties From Getting Forex Via Form M
….No More Middlemen The Central Bank of Nigeria (CBN) says it will no longer approve payment of foreign exchange to form M applicants who do […]
Business
Apple Is Now Worth $2trn
….higher Than GDP Of 48 African Countries, Including Nigeria, S’Africa Apple has become the first American company to be valued at $2 trillion. The company […]
Business
Nigerian To Buy Shoprite’s Stake
Shoprite, Africa’s largest food retailer, announced on Monday it is considering selling off its majority share in its Nigerian subsidiary. In a trading update filed […]
Business
Petrol To Sell For N140 As PPPRA Recommends Price Hike
The Petroleum Product Pricing Regulatory Agency (PPPRA) has recommended an upward review of the retail pump price of petrol from the previous N121.50. According to […]
Business
Kwara Subsidises Tractors To Assist Local Farmers, Boost Food Security
By Kehinde Akinpelu, Ilorin Kwara State Government has flagged off the distribution of tractors to farmers at subsidised rates as part of its strategies to […]
Business
Minister Urges Govs To Emulate Abdulrazaq Over RoW Charges
By Kehinde Akinpelu,Ilorin Minister of Communications and Digital Economy Dr Isa Ali Ibrahim (Pantami) has urged Nigerian governors to emulate their Kwara State counterpart AbdulRahman […]