The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market. A week earlier, the naira exchanged to the dollar at 950/$. Bureau de Change operators who spoke to reporters attributed the fall to scarcity of foreign currency. The Association of Bureau De Change Operators of Nigeria, recently, urged …
NAIRA TUMBLES TO 980/DOLLAR, FOREX SHORTAGE WORSENS Read More »
The Chief Executive Officer of Jordan 105.5.5FM, Lagos, and Jordan 93.9FM, Abuja, Mr. Olanrewaju Johnson was today given an Award by the Association of Lagos Artisans and Technicians, ASLAT, at an event organised by the association in Lagos. The award, the Growth Driver Award was for his immense contributions to the growth of MSMEs across …
The coup d’état in Niger may put additional pressure on Nigeria and other West African nations food markets, the World Bank has said. According to the global bank, the Nigerien coup d’état puts an additional seven million people at risk of falling into severe food insecurity. While describing the implication of economic and financial sanctions …
NIGER CRISES WILL PUT PRESSURE ON NIGERIA FOOD MARKET, SAYS WORLD BANK Read More »
Outsourcing can be beneficial for small businesses as it allows them to access specialized skills and resources without the need of hiring full-time employees. It can also help reduce costs and increase efficiency. 1. Access to specialized skills: Outsourcing allows small businesses to tap into a pool of experts who have specific knowledge and experience …
Online platform X, formerly Twitter, could introduce a monthly fee for all users, its owner Elon Musk said, citing the need to cut down on bots. The tech tycoon has made multiple changes since taking over the site for $44 billion in October last year, when it was known as Twitter. He has fired thousands …
ELON MUSK SAYS ONLINE PLATFORM, X COULD CHARGE USERS MONTHLY PAYMENT Read More »
Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal owners. The President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, told reporters that the price of Liquefied Petroleum Gas also known as cooking gas has …
12.5KG COOKING GAS PRICE MAY COST N18,000 BY DECEMBER Read More »
Amid the lingering travel chaos at the Murtala Muhammed International Airport (MMIA), Lagos, following the relocation of foreign airlines to the New International Terminal, the Federal Government has invited foreign airlines to a meeting today. As a result, the Ministerial Committee on Relocation, a panel set up by the Minister of Aviation, Festus Keyamo, to …
FEDERAL GOVERNMENT, FOREIGN AIRLINES MEET AS FLIGHT DISRUPTIONS WORSENS Read More »
President Bola Tinubu meets with three major world leaders at the G20 summit in economic development diplomacy. Presidential spokesman Ajuri Ngelale disclosed in a statement. He said President Tinubu met with the German chancellor, South Korean president and the Indian prime minister. This was part of Tinubu’s diplomatic moves at the summit towards enhancing practical …
PRESIDENT TINUBU MEETS WORLD LEADERS ON INVESTMENT AT G20 SUMMIT Read More »
Financial Markets Dealers Quotations (FMDQ) Exchange reported that the exchange rate between the naira and the dollar rate depreciated to N736.62/$1 on Thursday after activities came to a close in the Investors’ and Exporters’ window. In the report, it was learnt that the authorised dealers dropped the price of the United States’ currency by N34.97 …
NAIRA TO DOLLAR EXCHANGE RATES DROP IN OFFICIAL AND BLACK MARKETS Read More »
The Federal Government has announced an increase in the prices of single-phase and three-phase pre-paid electricity meters, and declared that the hike takes effect from September 6, 2023. It announced this in an order released by the Nigerian Electricity Regulatory Commission (NERC), and jointly signed by the commission’s Chairman, Sanusi Garba, and its Commissioner, Legal, …
CONSUMERS PROTEST AS FEDERAL GOVERNMENT HIKES ELECTRICITY METERS PRICE BY 40% Read More »
