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Afreximbank purchases 5% of Geregu Power shares

Afreximbank has completed the acquisition of five per cent of the shares of Geregu Power Plc. According to The BusinessDay, the purchase was made through its subsidiary – Fund for Export Development in Africa. FEDA is the impact development arm of the Africa Export and Import Bank. “Today, February 21, 2023, the company secretary for […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s GDP growth rate records 3.10% decline – NBS

The Nigerian annual Gross Domestic Product recorded a 3.1 percent growth in 2022, this represents a 0.3 percentage point decline from the 3.4 percent recorded in 2021. This was disclosed by the National Bureau of Statistics in the just released GDP report for the fourth quarter, Q4’22. However, the GDP growth in the fourth quarter […]

Court Symbol of Justice
Business featured

Again, Supreme Court adjourns old naira suit

CoThe Supreme Court has on Wednesday adjourned the case instituted by some state governments against the federal government on the naira redesign policy till March 3, 2023. Recall that three states Zamfara, Kogi and Kaduna filed a lawsuit against the Federal Government  on February 3. Other states like Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo […]

How social media posts influence Nigerians' buying decisions - Report
E-commerce

How social media posts influence Nigerians’ buying decisions – Report

A 2023 survey conducted by Meta, the parent company of Facebook, Whatsapp, and Instagram, found that 77% of Nigerian customers made decisions about the upcoming Islamic holiday of Ramadan based on posts on Facebook and Instagram. Along with the public opinion and data supplier YouGov, Meta conducted the “Ramadan and Eid Study,” an annual global […]

Court Symbol of Justice
Business

Naira redesign suit against FG resumes Wednesday 

The Supreme Court’s hearing over naira redesign which was adjourned after a session on February 17 will resume today (Wednesday). This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3. Other states like Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto […]

The First Lady, Aisha Buhari
Business

Old naira: Aisha Buhari blames hacker for fake post

The First Lady of Nigeria, Aisha Muhammadu Buhari has blamed hackers for the fake post regarding the recirculation of the old naira notes which went viral in the early hours of Tuesday. This declaimer was shared to the public in a facebook post Aisha made in the late hours of Tuesday. The Facebook post reads […]

Emefiele is worse CBN gov in history, says Moghalu
News

New naira: CBN to arrest, prosecute Nigerians spreading fake news

The Central bank of Nigeria has urged Nigerians to be guided as it is working with law enforce agencies to prosecuted and apprehend the purveyors of fake news. The CBN made this announcement on Tuesday, not long after first lady Aisha Buhari posted a press release saying that her husband, President Muhammadu Buhari, had ordered […]

Pilot training school. Aviation School in Nigeria
Business featured

Aspiring pilots pause studies as Aviation schools hike tuition

A number of aspiring pilots who applied to study at aviation schools were forced to pause their plans because of the over 100% tuition hike in Nigeria. BusinessDay’s findings revealed that the major licensed schools for pilot training which are Nigerian College of Aviation Technology, Zaria and International Aviation College, Ilorin, have hiked fees by […]

The Green-White-Green flag of Nigeria
Business

Group partners NGO to boost Nigeria’s infosystems

A group which works with the government to provide solutions to pressing challenges, Palladium,  has partnered with Nigeria Network of NGOs to create an information system and public directory to boost the operations of the Civil Society Organisations. This was disclosed to The Punch on Monday in a statement made by the Communications Lead, Nigeria […]

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