Business and Economy

Standard Chartered to shut half of branches in Nigeria

Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as...

Naira exchange rate for Tuesday morning, January 11

The Naira exchange rate in the parallel market for Tuesday morning, January 11, 2022, as confirmed by Bureau De Change operators in Abuja, is...

Business and Economy

Binance CEO, CZ who was a ‘salary earner’ 6 years ago, now 4 times richer than Dangote

Changpeng Zhao, the CEO of Binance has risen to the ranks of the world’s wealthiest people. The 44 years old cryptocurrency pioneer, has reportedly...

Business and Economy

Global Oil demand 2021 Pegs at 96.5 mb/d, 100.6 mb/d in 2022 – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says World total oil demand in 2021 is pegged at 96.5 million barrel per day (mb/d(...

Business and Economy

Stock Market Gains N1.33trn in First Trading Week

The Nigerian Exchange Limited (NGX) kicked off the first trading week of 2022 on a positive note as its market capitalisation gained N1.33 trillion....

Business and Economy

FG imposes N10 per liter tax on carbonated drinks, to control diabetes, obesity, and other diseases

Nigeria’s Federal Government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages.She argued that N10 tax...

Business and Economy

FG Projects N10.7trn Revenue Target For 2022

The Federal Government has projected a revenue target of N10.7trillion for the 2022 fiscal year.The Minister of Finance, Zainab Ahmed disclosed this on Tuesday...

Business and Economy

OPEC, Allies Maintain Modest Boosting Of Oil Output

OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading Omicron variant...

Business and Economy