Nigerians who buy second-hand iPhones, Samsung rise by 10% – Report
The number of Nigerians that bought secondhand iPhones and Samsung rose by 10 per cent in 2021 according to a report by Counterpoint Technology Market Research. According to Counterpoint Research’s…
Elon Musk loses $11bn in one day
The wealth of the Chief Executive Officer of Telsa, Elon Musk, has plunged by 7% - a total of $11 billion in one day following bad stock sales pressures of…
Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS
The National Bureau of Statistics on Monday revealed that Nigeria’s Gross Domestic Product rose by 3.11 per cent in the first quarter of 2022. In a tweet posted to its…
Nigerians spend $221m on overseas education in three months –CBN report
An analysis of data obtained from the Central Bank of Nigeria showed that Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022. This is…
Lagos vows to prosecute developer of collapsed building
The Lagos State Government has vowed to prosecute the missing developer, identified as Fumble, who was said to be in charge of the three-storey building that collapsed and killed four…
Why accounts of 50 firms operating loan apps are frozen –FCCPC
Babatunde Irukera is the Executive Vice-Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission, formerly known as the Consumer Protection Council. A lawyer by training, Irukera became the…
Manufacturers suffer scarcity as politicians buy dollars for primaries
As the naira continues its free fall against the dollar, manufacturers in the country have lamented the worsening scarcity of the United States currency, saying their inability to get the…
IMF warns Nigeria to fix weak labour market
The International Monetary Fund has warned Nigeria and other emerging economies to promptly repair their weak labour markets and severe schooling disruptions to prevent plunging their economies into further damage.…
NPA plans crackdown, to levy barge operators
The Nigerian Port Authority has disclosed that barge operators have operated on free tickets for so long and need to start paying tariffs. Speaking in Lagos, the Managing Director, NPA,…
Digital currency won’t eliminate naira notes – CBN
The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and replace it with the digital…
Forex inflow falls by 37% in one month -CBN
The foreign exchange inflows into the country fell by 36.7 per cent in one month to $4.36bn in January, figures obtained from the Central Bank of Nigeria have shown. The…
Money Laundering Act: Banks, firms to pay N1m daily for suspicious transactions
As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any financial institution or non-financial business and profession that…
