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Tinubu blames privatization for current power sector crisis

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Finance

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Banking

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Economy

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Collapsed buildings in Turkey after the earthquake
Business

Turkey earthquake may cost Ankara $84.1bn – Group  

A business group has estimated that the impact of Turkey’s earthquake may cost the state capital, Ankara about $84.1 billion. This was based on the report that was published over the weekend by the Turkish Enterprise and Business Confederation. According to the estimation, $70.8 billion would be for the repairs of affected areas. An amount […]

Economy

Non-oil exports wil surpass $4.8bn 2023 – NEPC

The Nigerian Export Promotion Council has pledged to make sure that Nigeria surpasses the $4.82 billion it made from non-oil exports in 2022.n The Punch reported that NEPC’s Ekiti State Coordinator, Mrs. Iyabode Abe, stated that the organization “Will continue to support the development of non-oil export in order to defend the nation’s economy” under […]

A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS
Business

Toyota to increase battery-electric offers – CEO

ToyotaA global automotive manufacturer, Toyota is said to increase its battery-electric offerings on its Lexus luxury brand. This was said on Monday by the company’s incoming CEO, Koji Sato. He also added that while at this, Toyota will not shift from its long-standing strategy of considering other technologies. According to Reuters, The comments from Koji […]

The logo of Chartered Institute of Banking Nigeria
Business

Naira redesign: Banks are not closing, says CIBN

The Chartered Institute of Bankers of Nigeria has debunked the rumours that commercial banks will close down. CIBN joined to support the refute by the Central Bank of Nigeria about the report on the closure of banks. Recall that the CBN on Friday debunked claims that it planned to close down some commercial banks. The […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Energy

Europe’s energy bills hits 800 billion euros

Researchers stated on Monday that the amount spent by  European countries to protect people and businesses from rising energy expenses has risen to about 800 billion euros. Researchers have urged countries to be more strategic in their expenditure to address the energy crisis. The analysis by think-tank Bruegel, showed that European Union  countries have set […]

A Point of Sale machine
Business

Cashless policy: How to get PoS devices for your business

PosThe recent naira crisis experienced as a result of the redesign of the N200, N500, N1000 notes by the Central Bank of Nigeria has forced many Nigerians into cashless transactions. According to the Central Bank of Nigeria’s Governor, Godwin Emefiele, one of the reasons for this decision includes the hoarding of cash by the populace, […]

Godwin Emefiele, CBN Governor and the redesigned naira note
Banking Business

Naira redesign: CBN must follow rule of law, says NGF

The Nigeria Governors’ Forum has urged the Central Bank of Nigeria to follow the rule of law in driving its naira redesign policy. According to a report by Premium Times, the NGF made these statements in a communiqué that was released at the conclusion of its meeting on Saturday in Abuja. The statement was signed […]

A photo of the governor of Kano State, Dr Abdullahi Gandjue
Business

Ganduje shuts Kano supermarket over old naira rejection

The Governor of Kano State, Dr Abdullahi Gandjue, directed the State’s acting Chairman of the Consumer Protection Council, Dr Baffa Babba Dan’agundi, to shut down Wellcare Supermarket. This was because the supermarket was rejecting the old notes against the orders of the state government. Dr Baffa disclosed this after shutting down the supermarket. He also […]

Market traders selling perishable goods
Business

Naira scarcity: Abuja traders lament low patronage 

Traders in Abuja have lamented over the low patronage owing to the scarcity of naira notes. These women complained about the poor sales while speaking with the News Agency of Nigeria on Sunday in Abuja. According to NAN, most traders had no choice but to receive payment after sales through bank transfers. Also, it was […]

Godwin Emefiele, CBN Governor and the redesigned naira note
featured

Naira crisis: CBN top officials meet on Monday

The top officials of the  Central Bank of Nigeria are to meet on Monday over the redesigned naira notes crisis. The aim of the meeting is to proffer solutions that will address the naira hardship. The Punch reported that the meeting will review the advice offered by the National Council of State. The Council suggested […]

A picture of the Governor of Imo State presenting
Business

Imo to boost economy with agric export

The Imo State government has taken steps to boost the its economy by using the many opportunities that the agricultural industry presents. This was stated as an expert spoke during a webinar on Saturday organised by the state Commissioner for Commerce and Industry, Simon Ebegbulem. The Chief Economic Adviser to the state government, Professor Kenneth […]

The logo of Amazon's Zappos as a screen lock
Business

Amazon’s Zappos cuts 20% off workforce

Amazon subsidiary Zappos, an online shoe and clothing seller, cuts off about 20% of its workforce in January. This is according to those who know Zappos, and the company’s memo accessed by The Wall Street Journal. The company’s jobs cut of over 300 staff is part of Amazon’s broader lay off plan of 18000 workers. […]

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