Business
Amid Inflation, CBN Increases Interest Rate To 26.25% For The Third Time In 2024
The Central Bank of Nigeria (CBN) has increased its interest rate by 150 basis points (bps) from 24.75 per cent to 26.25 per...
Inconsistent Policies Divert $6 Billion TotalEnergies Projects from Nigeria to Angola, CEO Reveals
Inconsistent policymaking decisions have led to diverting $6 billion in energy projects from Nigeria to Angola, explained TotalEnergies CEO Patrick Pouyanne. Speaking at...
Air Peace Refutes UK Safety Violation Claims, Denounces Media Reports As Exaggerated
Air Peace has debunked recent media reports alleging safety breaches during its operations in the United Kingdom, describing them as exaggerated and sensationalised....
CBN Withdraws Circular On Controversial 0.5% Cybersecurity Levy
The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit a 0.5% cybersecurity...
NDLEA Busts Couple Operating Cocaine Cartel Between India, Nigeria
The National Drug Law Enforcement Agency (NDLEA) has arrested four members of a cocaine cartel operating between India and Nigeria. The syndicate’s assets,...
UK Aviation Authority Reports Safety Concerns Over Air Peace Operations
The United Kingdom Civil Aviation Authority (UK CAA) has raised safety violation concerns regarding the Nigerian carrier, Air Peace, shortly after the airline...
LASEPA Shuts Down Church and Six Establishments for Noise Pollution in Lagos
The Lagos State Environmental Protection Agency (LASEPA) has shut down a church and six other establishments in the Surulere and Orile Iganmu areas...
TotalEnergies Seals First Supply Deal With Dangote Refinery
French energy major TotalEnergies has secured its first supply agreement with the Dangote Refinery in Nigeria, as announced by Chief Executive Patrick Pouyanne....
Japan’s Multinational, Toshiba, to Cut 4,000 Jobs Under New Ownership
Toshiba Corporation, a prominent Japanese multinational conglomerate, has announced plans to cut up to 4,000 jobs domestically as part of its ongoing restructuring...
Insecurity Shut 60% of North-East Manufacturers Down – MAN
The Manufacturers Association of Nigeria (MAN) has sounded the alarm on the devastating impact of insecurity on businesses, revealing that 60% of its...
Nigeria’s Oil Output Increases by 4% in April – OPEC Report
Amidst global market fluctuations and internal challenges, Nigeria’s oil production grew, according to the latest reports from the Organisation of Petroleum Exporting Countries...
CBN Raises Import Duty as Naira Hits New Low Against The Dollar
The Nigerian Naira (NGN) further depreciated against the US Dollar on Monday, reaching a new low of 1,515 Naira to a dollar in...