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Business

November, 2021

  • 11 November

    Nigeria’s debt hits N42.7tn, as Senate okays fresh $16bn loans

    Nigeria’s debt stock of N35.5tn will rise to N42.7tn following the Senate’s approval of the Federal Government’s request for $16bn and €1.02bn fresh loans. The $16.2bn loan is equivalent to N6.7tn using the Importers and Exporters’ Window exchange rate of N411.24/$1, while the €1.02bn is equal to N485.5bn using the Central Bank of Nigeria’s exchange rate f N476/ €1. These ...

  • 11 November

    NSCDC officer Shoots Labourer For Urinating Near Office In Calabar

    An unidentified personnel of the Nigeria Security and Civil Defence Corps NSCDC,has shot a middle aged man for urinating opposite the State Command office in Calabar, Cross River State capital. The Labourer simply identified as Nwa Aba, aged 32, who was later rushed to the hospital was shot at about 5:00am on Wednesday while urinating 50 meters away from the ...

  • 9 November

    Reason why Cooking Gas Price Jumps By 240% revealed !

    Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost of the product increased by 240 per cent for 12.5kg, jumping from N3,000 to N10,200 between January and December. About 65 per cent of LPG is imported into Nigeria, while domestic production accounts for 35 per cent, hence the halt ...

  • 1 November

    Zenith Bank Posts N180bn Profit Before Tax in 9 Mths

    Zenith Bank Plc has posted a profit before tax (PBT) of N180 billion, for the nine months ended Sept. 30, amid headwinds. The Group’s unaudited nine months financial results presented to the Nigerian Exchange (NGX) Limited, on Sunday, in Lagos, has indicated. The PBT reflected a 1 per cent growth over the N177 billion recorded in the comparative period of ...

October, 2021

  • 31 October

    Fishermen Catch Dolphin In Rivers Fishing Settlement

    Fishermen from the Oyorokoto fishingpoint settlement in Andoni Local Government Area of Rivers State have caught a dolphin. This is not the first time, that fishermen from this LGA have made huge catches. Also, an elephant was recently spotted in Andoni

  • 31 October

    Dollar To Naira Exchange Rate Today 31 October 2021 (Black Market Rate)

    The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦… per dollar on Saturday, 30th October 2021, after it closed at ₦415.10 per $1 on Saturday, 30 October 2021. This represents a change of 0.00%. (Black Market Rate) ...

  • 29 October

    Points of criticism against Facebook

    Facebook continues to battle criticism over its market power, its content moderation practices and harms linked to its social media platforms. The tech giant, which reports about 2.9 billion monthly users, has faced increasing scrutiny in recent years from global lawmakers and regulators. In the latest controversy, whistleblower and former Facebook employee Frances Haugen leaked documents which she said showed ...

  • 29 October

    Opinion:BUBA MARWA GIVES THEM BLOODY NOSE

    My first intervention some months back on the war against hard drugs use in the country was under the headline ‘Buba Marwa and the Bad Guys.’ And here I come again today, armed with facts on how the National Drug Law Enforcement Agency (NDLEA) has suddenly come alive under its Chairman/Chief Executive, Brig. Gen. Mohammed Buba Marwa, and is giving ...

  • 29 October

    Shake up @ First bank, Adeduntan survives, Fidelity ex -md now in charge !

    The board of FBN Holdings Plc announced on Thursday the retirement of Mr U.K. Eke as the group managing director of the company, following the successful completion of his two-term tenure. It also announced that Eke would be succeeded by Mr Nnamdi Okonkwo, the immediate past managing director/chief executive officer of Fidelity Bank Plc. The board said in a statement ...

  • 27 October

    e-Naira receives knocks from experts..”it adds No Value”

    The newly launched e-Naira adds “no spectacular value” to the economy. It is cosmetic, “I think the important thing right now is what adds value to the economy in terms of job creation, stabilizing our currency, economic growth, and reducing the run on the Naira. “So all these, be it e-money or x-money, is not adding any spectacular value; it’s ...