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Tinubu blames privatization for current power sector crisis

Electricity featured

Nigeria isn’t poor, huge money moves below radar –

Finance

Access Holdings disowns unauthorised 2025 financial highlight release

Banking

South Africa’s inflation rises to 3.1% as cost pressures

Economy

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Logo of the Trade Union Congress
Business

TUC threatens to sue FG over Naira, fuel crises

The Trade Union Congress has threatened to sue the Federal Government following the persistent scarcity of naira and hike in the price of petrol. The Punch reported that the National President of the trade union, Festus Osifo said this on Thursday in a press conference at Abuja. In his words, Nigerians are “on the brink […]

Unilever products
Business

Price hike of soaps, packaged food will continue – Unilever

The world’s largest producer of soap, Unilever said on Thursday that it will keep raising prices for its soaps, detergents and packaged food. This is owing to its rising production cost. However, it is projected to ease up the hikes in the second half of the year 2023. According to Reuters, the London-based manufacturer of […]

Kaduna govt to use WhatsApp to collect taxes
Business featured

Kaduna govt to use WhatsApp to collect taxes

The Kaduna State Internal Revenue Service has said that it will employ social media platform WhatsApp and the Unstructured Supplementary Service Data service to improve less efficient methods of tax payment. The News Agency of Nigeria reported that during a public-private discussion on a revenue-generation push on Wednesday, the executive chairman of the state revenue service […]

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

Toyota’s Q3 profit jumps to 22% over weak yen 

Toyota Motor Corp, the world’s largest automobile  on Thursday recorded a 22% rise in its third-quarter operating profit. The rise was reported to have resulted from the weaker state of Japanese currency,yen. Also, the automaker recorded higher volume of sales helping overcome the impact  of an increasing cost of raw materials. According to Reuters, the […]

Naira and Dollar displayed
Business

Naira rises 0.07% at investors, exporters window

The Naira on Thursday exchanged at 461.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.07 per cent compared to the 461.50 it exchanged rate on Wednesday. The open market indicative rate closed at N461.50 to the dollar on Thursday. An exchange rate of N462 to the US […]

Oloibiri Museum contract
News

FEC approves Oloibiri Museum contract, others

Kazeem Owoseni       The Federal Executive Council of Nigeria had on Wednesday awarded the phase-1 engineering, procurement and construction of the gigantic project of Oloibiri Museum and Research Centre in Ogbia local government area of Bayelsa State.   The master plan of the historical project which will house museum and research centre, has […]

Petrol pump
Business

Fuel: N195/litre difficult to enforce, marketers tell FG

Oil marketers have said that it is difficult to enforce the approved N195/litre price on all filling stations. This was after the Independent Petroleum Marketers Association of Nigeria disclosed  on Wednesday that Nigerian National Petroleum Corporation had promised that it had reserved  about 140 million litres of petrol for its association members to address fuel […]

TETFund urges FG to increase education tax
Business

FG approves N117bn for Kano airport repairs, others

The federal government authorized N117.721 billion in contracts for the ministries of petroleum resources and aviation yesterday. LEADERSHIP NEWS reported that the state minister for petroleum resources, Chief Timipre Sylva revealed this to State House reporters during the federal executive council meeting that President Muhammadu Buhari presided over at the presidential villa in Abuja. He claimed […]

MoneyMaster'll create new jobs with G-Kala - MD
Banking

MoneyMaster’ll create new jobs with G-Kala – MD

      Kazeem Owoseni   MoneyMaster PSB is positive that the launch of its ‘G-Kala’ financial solution system will create market employment opportunities for Nigerians. The Managing Director of MoneyMaster, Demola Elutilo, made this known during the launch event of G-Kala on Wednesday. The event that took place at Lagos Travel Inn has just […]

As regional groups across the country continue to condemn the hardship faced by citizens, attributed to the removal of fuel subsidy and the foreign exchange crisis which has led to food inflation and high transport cost.
Foods

Naira, fuel crises cause food shortage in Kaduna

Residents of Kaduna State have cautioned of approaching starvation as a result of fuel shortages and new currency that have disrupted the state’s food supply system. DAILY POST reported  that due to lack of money and fuel, several business people that sell food and ingredients have reduced their supplies. “The majority of my suppliers have […]

LAWMA staff to receive 20% salary increase
Business

LAWMA staff to receive 20% salary increase

The Lagos State Government has increased the salaries of the employees of the Lagos Waste Management Authority in the State by 20%. The Punch reported that the managing director and chief executive officer of LAWMA, Mr. Ibrahim Odumboni, revealed this in the State. The governor of Lagos State, Babajide Sanwo-Olu vowed to pay trash managers […]

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