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Business and Economy
Dangote refinery to begin production in third quarter of 2022
Aliko Dangote, chairman of Dangote Group and Africa’s richest person, says the refinery will begin processing crude by the third quarter of 2022.According to...
Dangote’s wealth increases by 748billion naira in three weeks, now richer than over 11 African countries combined
Aliko Dangote recorded a surge of 1.3billion dollars (748billion naira) in his fortune in the last three weeks, in a period that was a...
CBN opens N500k grant for graduates, undergraduates
The Central Bank of Nigeria has established grants for graduates and students in order to reduce the level of unemployment among youths in the...
Bitcoin price drops below $40,000 amid Russian Crypto Ban
Bitcoin, the world largest crypto by market cap, dropped more than 9 percent on Friday to $38,147.According to data on CoinMarketCap, this is the...
IMF Proposes $50bn Trust Fund For Nigeria, Other Low, Middle-Income Countries
The International Monetary Fund (IMF) is proposing a $50 billion trust fund for Nigeria and other low and vulnerable middle-income countries.In a blog post...
BUA Petrochemical will add value to A’Ibom Economy
The Akwa Ibom State Government says the BUA petrochemical project to be located in Ibeno local government would add value to the economy of...
Increase in petrol price will push more Nigerians into poverty – Abdulsalami
Abdulsalami Abubakar, former head of state, says an increase in the price of petrol will push more Nigerians into poverty.Abubakar spoke at the 19th...
Naira depreciates as banks shift BTA/PTA rates to N419 per Dollar
The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from...
BREAKING: Nigeria’s inflation rate rises to 15.63%
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63 percent in December 2021.The...
Court restores GTBank’s appeal against Innoson Motors on N2.4bn judgment debt
The Supreme Court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4 billion judgment given in...
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