N1.04tn lost to overseas aircraft repairs in 2021 – FG
Nigeria lost $2.5bn (about N1.04tn at the official exchange rate of N415.63/$) to other countries in 2021 for the Maintenance, Repair and Overhaul services on Nigerian aircraft and other facilities,…
Diesel price to hit N1,500 in two weeks – Marketers
The pump price of diesel is projected to reach N1,500 from the current N800 within the next two weeks. The Natural Oil and Gas Suppliers Association made this known on…
Dangote Cement shareholders approve 25% dividend rise
Shareholders of Dangote Cement Plc on Tuesday approved a 25 per cent rise in dividend payment for the 2021 financial period. The shareholders approved N20 per share for the year…
MultiChoice appoints Chief Operating Officer
MultiChoice Nigeria has appointed Ayo Ajala as its chief operating officer. As the chief operating officer for MultiChoice Nigeria, he will oversee customer functions and the business operations of the…
UK court rules against FG as Nigeria loses $1.7bn JP Morgan case
A United Kingdom court Tuesday ruled against Nigeria in its $1.7 billion claims against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in…
Abuja queues persist as NNPC supplies 1.5bn litres of fuel
Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show that the oil firm evacuated 1.523 billion litres of PMS…
Stock market investors gain N158bn
Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased…
Rivers, Kaduna, 30 others attract zero foreign investments in Q1
Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022, AMBusiness has learnt. A report by the National Bureau of…
Mobile transactions hit N4.86tn Q1 2022 – NIBSS
Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019 to N4.86tn in the corresponding period of…
Inflation: What to do if your salary no longer sustains you
What do you do if your salary is no longer sustaining you? This is a question most salary earners have often asked themselves, especially in the current economic downturn. The…
Blackout as national grid collapses for fifth time in 2022
There was widespread blackout across the country on Sunday following the collapse of the national power grid, making it the fifth collapse of Nigeria’s electricity grid in 2022. It was…
MTN, Guinness, Unilever, 27 others commit to PLWDs’ employment
Over 30 multinational companies and institutions including MTN, Unilever, Guinness, among others, have pledged to engage qualified Persons Living With Disabilities in their various workforces, the Federal Government announced on…
