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Osun to sue EFFC over frozen account

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US introduces $250,000 visa bond rule for some

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Delta attracts foreign investors as Brazil, Malaysia, explore

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Businessman accuses ‘fake’ agency DG of N400m contract

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EFCC defends Osun account freeze, cites N11bn probe

News

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

Business

Blog

Operators seek US aid in port control training
News

Operators seek US aid in port control training

The Nigerian Chamber of Shipping has encouraged the US to train personnel from the Nigerian Maritime Administration and Safety Agency on the country’s Port State Control system. The Punch reported that the president of NCS, Aminu Umar, made this call on Thursday in Lagos while he was hosting Lieutenant Commander Patrick Moon, the marine advisor, and the economic […]

Iran lifts ban on WhatsApp, Google Play, ease internet restrictions
News Tech

WhatsApp adds support for HD pictures, videos

WhatsApp will soon receive an update that will enable users to send high-definition photos and videos through the messaging service, according to a statement made by Mark Zuckerberg, CEO of Meta. The features, which enables users to maintain the high-definition resolution of the images they share with friends and family, reportedly underwent beta testing with […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

Gas production at Bonny plant still active – NLNG

The Nigeria Liquefied Natural Gas Limited has stated that gas production at the facility in River State’s Bonny Island is still going smoothly. The Punch reported that the gas firm sent the clarification in an email on Thursday that was prepared by its Media Relations and Publicity Division. It refuted allegations that had previously claimed […]

Twitter co-founder Jack Dorsey quits Bluesky board
News Tech

Ex-Twitter CEO Jack quits Instagram, puts handle for sale

Jack Dorsey, a former co-founder of Twitter, is offering the Instagram account @jack for sale, and quitting the platform. Jack Dorsey, the former CEO of Twitter and current CEO of Block, stated on Friday that he had deactivated his Instagram account, which had the coveted first-name handle. After years of inactivity, Dorsey revealed he erased […]

Nigeria key to transform renewable energy globally - Miners
Business

Nigeria key to transform renewable energy globally – Miners

The Nigerian Miners Association has stated that the world’s transition from fossil to renewable energy depends on Nigeria, which has enormous mineral deposits. The Punch reported that this was said at the press conference in Abuja for the upcoming 8th edition of Nigeria Mining Week by the Association’s President, Mr. Dele Ayanleke. “The world is transitioning […]

NIPOST reports 275% revenue growth in 2024
Business

NIPOST announces implementation of digital postcodes

The Nigerian Postal Service has declared that it will soon introduce Address Verification System and digital postcodes to improve delivery service, income generating, and security. This was revealed on Thursday at a media conference in Abuja by the Postmaster General of the Federation and CEO of NIPOST, Sunday Adepoju. He stated that by introducing the Postcode […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira rises on official market, trades 740.67/$

The naira rose against the dollar on Thursday, closing at 740.67/$ on the Investor & Exporter FX window. The naira closed on the I&E window on Wednesday at 773.17/$, continuing its upward trend that began after the Central Bank of Nigeria announced its intention to intervene in the foreign exchange market on Monday. The President […]

Banks increase lending rates after CBN’s MPR hike
Business

Circulated currency drops first time in five months – Report

The total quantity of currency in circulation in the country decreased from N2.6tn (N2,603,266m) at the end of June 2023 to N2.59tn (N2,595,761m) at the end of July 2023. The Punch reported that since February 2023, this is the first time the number has decreased. According to data received from the Nigerian Central Bank, this […]

Nigerians not aware of all opportunities provided by AfCFTA - Stakeholders
Business

Nigeria to engage in continental trade initiative – AfCFTA

Nigeria’s National Working Committee for the African Continental Free Trade Area Executive Secretary, Segun Awolowo, has stated that the country is prepared to participate in the Guided Trade Initiative’s second phase. The goal of the AfCFTA initiative is to facilitate commerce between interested state parties through the connection of companies and goods for export and […]

CBN, others to review 2.9tTn tax credit scheme
Banking

CBN introduces Price Verification System for Forex

By Wilson Adekumola   The Central Bank of Nigeria has commenced the Price Verification System Portal, as requisite for Form ‘M’ application.   Special Adviser on Digital Media to President Bola Ahmed Tinubu, Dada Olusegun made this known on Thursday night in his official X, formerly Twitter handle.   He quoted a notice directed to […]

CBN to rename forex market amidst economic shifts
featured News

CBN denies issuing new policy on Forex

By Wilson Adekumola   The Central Bank of Nigeria has debunked reports going viral on social media and other platforms over new policy actions in the foreign exchange market, saying it was an old release.   The CBN made this known Thursday night in its official X, formerly Twitter handle.   The apex bank disclosed […]

Farmers lament as food prices soar
Business

Farmers lament as food prices soar

Nigerian farmers claim that despite massive investments made in the agriculture industry, the cost of goods and food continues to rise. According to The Punch, farmers from various regions of the country also attributed the failure of the government’s agricultural intervention schemes to the absence of key sector stakeholders’ input throughout the plan development process. […]

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