President Bola Tinubu is set to depart Abuja for Rio de Janeiro, Brazil, to attend the 19th meeting of the G20 Leaders’ Summit, taking place from November 18 to 19, 2024. This trip comes after Brazilian President Luiz Inacio Lula Read more…
Category: Business
From Ifeoma Ejiofor The National Association of Surface Tank Oil and Gas Retailers of Nigeria(NASTOGRN) has asked the Federal Government to declare war on illegal transactions going on in the oil sector. The president of NASTOGRN, Nze Ibeneme Frank, made Read more…
stern warning to Deposit Money Banks over cash hoarding and diversion, stating that such actions will attract stiff penalties. In a circular dated November 13, 2024, signed by the Acting Director of Currency Operations, Muhammad Olayemi, and released by the Read more…
The Executive Secretary, Federal Capital Development Authority (FCDA), Engr. Shehu Hadi Ahmad, has been suspended indefinitely. According to a terse statement on Thursday night by Lere Olayinka, the Senior Special Assistant on Public Communications and New Media to the Minister Read more…
The Federal Executive Council (FEC) has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this after the Council meeting chaired by President Bola Tinubu at the Read more…
MultiChoice Group Limited has written off $21m deposited in Nigeria’s Heritage Bank following the financial institution’s liquidation earlier this year. This disclosure was contained in the company’s interim financial statements for the half-year ending September 30, 2024. The sum was Read more…
United Bank for Africa Plc has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria. Read more…
President Joe Biden will hold talks Saturday with China’s Xi Jinping on the sidelines of an international summit in Peru, a face-to-face meeting that comes as Beijing braces for Donald Trump’s return to the White House. White House National Security Adviser Jake Sullivan said the Read more…
The Nigerian National Petroleum Company Limited has announced key leadership appointments, DAILY POST learnt. The company on Wednesday named Adedapo Segun its new Chief Financial Officer (CFO). He is to take over the position of CFO from Mr. Umar Ajiya. Read more…
The naira continued to depreciate against the dollar at both official and parallel foreign exchange markets. FMDQ data showed that the naira fell to N1689.88 per dollar on Tuesday from N1681.42 exchanged on Monday, recording N8.42 depreciation. Similarly, at the Read more…
Businesses have expressed less confidence in the economy with the Overall Confidence Index in the next three months falling by 3.2 index points to 14.5 from 17.7 index points. This was the highlight of the Business Expectation Survey, BES of Read more…
By Uzo Ugwunze Relief came the way of four indigent traders of Sokoto Road Market Traders Association, Onitsha, Anambra State, as the market chairman, Hon. Emeka Mbachu, weekend empowered them with #100,000 each. It was gathered that Pastor Godspower Chibuzor, Read more…