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Osun to sue EFFC over frozen account

  • 5th August 2026

US introduces $250,000 visa bond rule for some

  • 5th August 2026

Delta attracts foreign investors as Brazil, Malaysia, explore

  • 5th August 2026

Businessman accuses ‘fake’ agency DG of N400m contract

  • 5th August 2026

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EFCC defends Osun account freeze, cites N11bn probe

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Osun to sue EFFC over frozen account

Business

US introduces $250,000 visa bond rule for some applicants

Business

Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

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Nigeria has second greatest hotel investment in Africa - Report
Business

Ikeja hotel shareholders approve N3.5bn capital increase

Ikeja Hotel Plc’s shareholders have given their approval for the company to raise more funds through a rights issue of 1.133 billion units and N346 million worth of bonus shares. The Punch reported that this information was made public on Wednesday in a corporate filing with the Nigerian Exchange Limited in connection with the special […]

States debt to hit N1.34tn over palliative loans
News

States debt to hit N1.34tn over palliative loans

    Findings have revealed that the latest subsidy palliative loans may drive 36 states’ borrowing from the Federal Government to N1.34tn. According to The PUNCH, the debt under the budget support facility of the Federal Government comprised a total of N614 billion in 2019, followed by an additional debt of N656 billion in 2021. […]

Kaduna customs hits N16.3bn revenue in 2023
News

Agents accuse Customs of breaking law

Licensed customs officers have criticized the Nigeria Customs Service for their alleged failure to properly utilize the 846 platforms for clearing automobiles with non-standard Vehicle Identification Numbers. Remember that the NCS created the 846 platform for clearing autos with non-standard VINs? The platform, which was first used at the service’s Tincan Island Command last year, […]

NYSC, Kudimata, NNPCL Foundation partner on financial literacy
Uncategorized

NYSC, Kudimata, NNPCL Foundation partner on financial literacy

The Nigerian National Petroleum Company Limited Foundation has collaborated with the National Youth Service Corps and Kudimata, an educational financial community, to provide fundamental financial skills to corps members. According to The Punch, a recent announcement stated that the NNPC foundation would provide basic financial training to the 60,000 youth corps members now enrolled in NYSC […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

Customers oppose Discos’ plan to recover prepaid meters

Customers of power distribution firms are unhappy with their attempts to reclaim prepaid meters for an update. According to The Punch, recently, the Ibadan Electricity Distribution Company notified its clients via Facebook that it will start collecting a set of pre-paid meters for upgrading. The Disco’s publication stated,  “Dear esteemed customers. Kindly be informed that […]

Oil companies get 26 divested licenses in 10 years
featured

Foreign refiners use credit facilities to attract marketers

International crude oil refiners have begun to provide credit facilities in an effort to help Nigerian oil marketers get past the difficulty of the country’s cash shortage. According to The Punch, a source stated that foreign refiners decided to offer credit facilities to Nigerian oil marketers because they were concerned about losing one of their key […]

Travel, tourism investment may hit $955bn year end - Report
Business

Travel, tourism investment may hit $955bn year end – Report

The World Travel & Tourism Council’s research indicates that investments in travel and tourism are on the mend, with a forecasted value of $955 billion by the end of 2023. By 2025, investments are expected to increase by 11.5%, reaching their pre-pandemic levels. According to the WTTC report, the travel and tourism industry would experience […]

North Korean hackers intending to liquidate millions in stolen crypto, FBI warns
News Tech

North Korean hackers to liquidate millions in stolen crypto, FBI warns

U.S authorities have disclosed that North Korean hackers are allegedly getting ready to cash out millions of dollars through a string of high-profile cryptocurrency breaches. The Lazarus Group, also known as APT38 and “TraderTraitor,” which is supported by North Korea, stole hundreds of millions of dollars’ worth of cryptocurrencies in recent blockchain activity, the FBI […]

Lagos to Abuja flight ticket should cost N250k - Airline operators
Aviation

Lagos to Abuja flight ticket should cost N250k – Airline operators

The Spokesperson for the Airline Operators of Nigeria and Chairman of United Nigeria Airlines, Obiora Okonkwo, has stated that due to cost increases, an air ticket from Lagos to Abuja should cost N250,000 He said this in an exclusive interview with AriseTV. According to him, “If you think tickets are expensive, you’re probably underestimating the sacrifices made […]

Nigeria's treasury bills rate hit 13.9%
Business

Nigeria’s treasury bills rate hit 13.9%

Investors submitted a bid of N1.5 trillion for one-year (364-day) treasury bills at a striking rate of 13.9% per annum at the most recent auction on August 23rd, 2023. The fact that only N283 billion from the bid was accepted, however, shows the ongoing pattern of investors greatly oversubscribing to these short-term risk-free investments. The […]

WhatsApp unveils feature to allow users create unnamed groups
News Tech

WhatsApp unveils feature to allow users create unnamed groups

WhatsApp unveiled on Wednesday a feature that allows users to create groups on the instant messaging service without having to give them names. This is a change from the previous method, which required users to specify group names during formation. Meta CEO Mark Zuckerberg posted the update to his Facebook page and to Meta’s Instagram […]

Nigeria plans dollar asset listings to address forex woes
Business

Nigeria plans dollar asset listings to address forex woes

The Nigerian Exchange Ltd. has proposed allowing dollar-denominated bond listings on its platform in an effort to provide access to foreign currency for firms in Nigeria. Bloomberg reported that this effort is viewed as a viable remedy for the problems with foreign exchange that businesses in Africa’s biggest economy encounter. The Nigerian Exchange is additionally […]

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