The naira on Tuesday gained further grounds against the US dollar as it closed at N457 at the black market, after the Central Bank of Nigeria (CBN) sold a total of $195 million in forwards. BusinessDay prices checks show that naira traded at N457 per dollar at the Lagos international airport and Apapa respectively. At the Festac area of Lagos, the foreign...
kemi at 50
The Minister of Finance, Mrs. Kemi Adeosun, has urged the Central Bank of Nigeria(CBN) to extend Bank Verification Number(BVN) requirement to account holders in Microfinance Banks. She said this would facilitate the detection of bank accounts which might have been opened and operated in such banks by ghost workers and other syndicates.
Soludo
At the Vanguard Economi Discourse, the Former Central Bank of Nigeria, Professor Charles Chukwuma Soludo has said that, the All Progressive Congress Party, APC, manifesto in 2015 promised a conscious plan for post-oil economy in Nigeria and that there is no projection for exchange rate overhaul in the APC economic plan. He said, however, that even in 2023, it...
Bitcoin
      The price of  bitcoin could hit $3,000 by the end of the year after recently, and hitting a fresh record high, an analyst told CNBC on Tuesday. A rise on this scale would represent a near 150% increase from bitcoin's current price of $1,204 at the time of publication, and a more than 130 percent increase from the fresh...
Etisalat Nigeria
     Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over the telecoms firm today (Wednesday), PREMIUM TIMES learnt. The consortium of some foreign and Nigerian banks, including Guaranty Trust...
Note 7
The South Korean tech giant had already lowered its third quarter profit guidance profit guidance by £1.9bn ($2.3bn). On Friday, it said it expected an additional hit of about 3.5 trillion won ($3bn, £2.5bn). The Note 7 was recalled last month after battery fires, but when replacement phones experienced the same problem, Samsung scrapped the device The premium phone, launched in August,...
Amancio Ortega, the Spanish retail genius who started Zara, passed Microsoft cofounder Bill Gates to become the richest man in the world on Wednesday and Thursday, before Gates reclaimed the title Friday morning. Shares of Ortega’s business Inditex, parent company to Zara, Massimo Dutti and Pull&Bear, ticked up 2.5% Wednesday, boosting his personal fortune by $1.7 billion, then fell 2.8%...
Business owners currently facing difficulty ordering goods from overseas due to high costs of clearing and logistics are set to receive a much needed boost as Simplified Corporate Logistics, a global procurement, handling, clearing and forwarding service targeted at Nigerian businesses was recently launched and revealed its promise to help them reduce their incurred fines and charges, improve their...
The CBN has approved the reconstitution of the Board of Skye Bank PLC. By the reconstitution, Alhaji M.K Ahmad has been appointed as the new Chairman of the Board, while Mr. Tokunbo Abiru has been appointed as the new Group Managing Director and CEO. Other members of the reconstituted Board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola...
HOW IT WORKS! FillYaTank Mobile Application is a crowdsourcing application, built to assist Nigerian’s save money and time buying Petroleum products (Petrol, Diesel, Kerosene and Gas). With FillYaTank mobile application we can build a community that help each other save money and time on petroleum product by reporting prices and availability. So play the game of “Spotting” reporting prices and...

Recent Articles

Bite Lounge To Host Ciroc Life Party On Mainland

Popular luxury lounge bite billionaire lounge is set to host Ciroc Life Party today at 21 adeniyi Jones. Ikeja Guest artistes: Slimcase and Idowest Saintsamiganja! Saintsamiganja!!...

BODEX MEDIA AWARDS GOVERNOR RAUF AREGBESOLA AS THE MOST OUTSTANDING/CREATIVE GOVERNOR OF THE YEAR...

The Governor of the State of Osun, Ogbeni Rauf Aregbeshola has been honoured with an award of the most outstanding and creative Governor of...

Diva Essentials Fashion Rebrands, Now AmaliahMod

DIVA ESSENTIALS, a luxury lifestyle and fashion brand located in the federal capital territory of Nigeria which was founded out of a passion to...

Zero chills as skales replies twitter user who called him wack

Nigerian singer, Skales aggressively replied a follower who called him a wack artiste on Twitter. Skales had taken to the platform to call out an...

Man Proposes To His Girlfriend With A Cheque Of N2million

The young man who is reported to be from Edo state proposed to his girlfriend with a luxury diamond ring and a cheque of...

Covenant University students are worried about contacting disease following the skin to skin barbing...

Two days ago, hunderds of male students at the Covenant university were punished for rocking 'bushy' and 'uncompliant hairstyles'. To punish them, the school's Dean...

Viral family photo of Four women with kids by the same father.

It's not often that you see women who share the same man get along, especially not if three of them were pregnant by the...

Exclusive: Music Promoter Paul Okoye, Celebrates 51st Birthday Party In His Newly Acquired Mansion

It's true that MD/CEO Upfront/Personal and One Africa Music Festival Paul Okoye, isn't a man of small party as his birthday party was a...

Birthday Alerts