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FIFA proposes $20bn World Cup commercial rights sale

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BTS snubs 2027 Grammys over new Asian pop category

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Agribusiness

FG gives new rice, other crops to farmers

    Wilson Adekumola   The Federal Government has given new rice and other crop varieties to reinforce its commitment to boost food production in the country. According to the News Agency of Nigeria, the new rice variety known as FAR068 and other crop varieties were released to the committee of farmers during the 31st […]

News

Sun Cable: World’s largest renewable energy project up for sale

Sun Cable, a Singapore-based company, in charge of the world’s largest solar energy infrastructure projects will go up for sale this January. The project was said to have collapsed over the clash between its two billionaires investors. According to Financial Times, the project has been placed into voluntary administration because of the disagreement between the […]

UK predicts rapid fall in inflation rate
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UK predicts rapid fall in inflation rate

The Bank of England Governor, Andrew Bailey, has said that there would be a likely rapid fall in inflation this year as the prices of energy declines. While he spoke to Media Wales, Mr Andrew said that the recently experienced ease of inflation could be a positive sign that “a corner has been turned”. The […]

Naira to fall N500 against dollar - NESG
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Naira to fall N500 against dollar – NESG

Oluwanifemi Ojo The Nigerian Economic Summit Group has predicted that the Nigerian naira will slip further to N500 against the US dollar on the Investors & Exporters FX window. According to the NESG’s 2023 macroeconomic outlook report, the country’s external reserves are estimated to fall by 0.62% from $37.21 billion as of January 17, 2023, […]

Business

Netflix loses 39,451 Nigerians over naira card restriction

American subscription video on-demand over-the-top streaming service and production company, Netflix, said it recorded a loss of 39,451 Nigerian users in 40 days.   The online streaming service platform said this was due to the suspension of international transaction on Naira Cards by Nigerian commercial banks.   Recall that, many Nigerian commercial banks have suspended […]

Banking featured

How to make cardless ATM withdrawal at Fidelity Bank

Oluwanifemi Ojo   Customers of Fidelity Bank can now withdraw cash from the banks Automated Teller Machines across the country without using their ATM cards. The bank made this known while announcing its cardless withdrawal service. “The #FidelityPaycode cardless withdrawal feature is now available on all our ATM terminals. “Now there’s no need to worry […]

News

CBN gov Emefiele visits Buhari at state house

  The Central Bank of Nigeria Governor, Godwin Emefiele, on Thursday visited the President, Major General Muhammadu Buhari (retd.), at the State House, Abuja. The visit is considered the second of the governor of Nigeria’s apex financial institution since he returned to Nigeria following on January 12, 2022. The embattled CBN head was a member […]

Ukraine: Russia lost only 8.5% of Western firms, says report
Business

Ukraine: Russia lost only 8.5% of Western firms, says report

A Swiss study has revealed that despite widespread outrage over Moscow’s war in Ukraine, only a few Western companies have deserted Russia. Researchers at the University of St. Gallen and at the IMD institute in Lausanne have delved into how many companies based in the European Union and in G7 countries have actually divested from […]

2023 elections'll decide FX future - Analyst
Business featured

2023 elections’ll decide FX future – Analyst

Bisola Fatoye   The head of investment research at Parthian Securities Limited, Oluwaseun Dosunmu, stated that the upcoming elections would ultimately define the future course of the foreign exchange market. Dosunmu stated that the elections, which would result in a change in the country’s political leadership, would have a significant impact on how both foreign […]

News

Oil pollution: FEC okays N1.4bn for remediation project

  The Federal Executive Council (FEC) approved spending N1.4 billion to purchase cars for the Ogoniland, Rivers State, oil pollution remediation project. This information was disclosed by Environment Minister Mohammed Abdullahi to reporters in the House of Representatives following the FEC meeting on Wednesday at the Presidential Villa in Abuja, which was presided over by […]

Buhari
featured Oil and Gas

Buhari grants NNPC N1.9trn for road projects

Bisola Fatoye   President Muhammadu Buhari has given the Nigerian National Petroleum Corporation Limited his approval to invest N1.9 trillion in the rebuilding of 44 federal roads under the tax credit scheme with four months left in his presidency.   At the conclusion of yesterday’s Federal Executive Council (FEC) meeting in Abuja, media assistant for […]

News

CBN to sanction banks dispensing old notes

The Central Bank of Nigeria has stated that it would begin to sanction banks who are still dispensing the old naira notes. According to The PUNCH, this was disclosed by the Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, during a sensitisation event on the new naira notes […]

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