Oando Plc has refuted insinuations in some quarters that it has owning interests in an alleged Maltese company. In a regulatory filing at the Nigerian Exchange (NGX), Oando stated that neither the company as an entity nor its executives have Read more…
Following the revelations and intrigues generated by the impasse over crude supply to Dangote Refinery, former presidential candidate of Young Progressive Party (YPP), Prof Kingsley Moghalu, has said Nigeria has little economic prospects in the immediate future. He, however, said the prospects Read more…
Banks have been borrowing from the Central Bank of Nigeria (CBN) to purchase foreign exchange (FX), a practice that has intensified pressure on the Naira and inflation, according to Bismarck Rewane, managing director/CEO of Financial Derivatives Company Limited. Rewane highlighted Read more…
As workers anxiously look forward to the commencement of the N70,000 new minimum wage any moment from now, unfortunately not every worker will be paid the new wage. Who are those that fall below the minimum wage threshold, and why? Read more…
The Corporate Affairs Commission (CAC) has given over 91,000 dormant companies a 90-day grace period to file all their outstanding annual returns or risk being delisted from its register. These affected companies are those that have not filed annual returns Read more…
Fifty-eight of the 164 member states of the World Trade Organisation (WTO) members have voiced support for a proposal from the African Group backing incumbent Director General, Ngozi Okonjo-Iweala, to serve a second term. The 58 member countries of the Read more…
The dollar eased slightly against a basket of currencies on Monday while dropping from N1,598.06/$1 at the weekend to N1,555/$1 yesterday across parallel markets in the country. This came after President Joe Biden announced on Sunday that he will not be Read more…
Billionaire business mogul, Femi Otedola, has explained why Nigerians, particularly the government should support the Chairman of Dangote Group, Aliko Dangote, by creating an enabling environment to ensure businesses thrive. He argued that Dangote’s contributions which extend beyond industrial facilities Read more…
PRESIDENT Bola Tinubu has pleaded with the aggrieved Nigerians, especially the youths who are planning a national protest over the high cost of leaving to shelve the planned action, saying there is no need for it.https://live.primis-amp.tech/content/video/amp/videoIframe.php?s=114290#amp=1 The President also assured Read more…
President Bola Tinubu has assented the North-West and South-East Development Commission Bills into law, thereby setting the stage for the establishment of the two interventionist agencies to address development challenges in the North-West and South-East parts of the country, respectively, Read more…
Senate President Godswill Akpabio has raised alarm over the persistent economic sabotage that has undermined investor confidence in the petroleum sector, declaring that the Senate must identify and hold those accountable for the criminal acts. Akpabio made the declaration on Read more…
The federal government on Monday moved to resolve the crisis of confidence that has developed between its regulators and the multibillion-dollar Dangote Refinery over crude oil supply. Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, convened a high-level Read more…