CBN loans to farmers hit N1tn amid high default rate
The total amount disbursed under the Anchor Borrowers Programme of the CBN rose to N1.01tn as of the end of April. Figures obtained from the CBN’s reports from members of…
Elon Musk’s Starlink to operate in Nigeria
Elon Musk, the billionaire tech entrepreneur, has announced that his satellite Internet service, Starlink, has been granted approval to begin operations in Nigeria. Musk made this known via his Twitter…
How to identify quacks in real estate – Expert
In this interview, the Chief Executive Officer, ElanOrris, Ayobami Alo, speaks on how to identify quacks in the real estate industry and the government's role in advancing the sector The…
Petroleum fund shortlists 8,800 for overseas scholarships
The Petroleum Technology Development Fund has shortlisted 8,800 applicants from 26,000 who applied for its overseas scholarship programme. This was disclosed on Monday by the Manager, Overseas Scholarship, PTDF, Bello…
Twitter shareholders sue Elon Musk for ‘unlawful conduct’
Shareholders of social media giant, Twitter, have filed a lawsuit against Elon Musk on grounds of “unlawful conduct” aimed at sowing doubt about his intention to finalise the acquisition deal…
Grounded multimillion-dollar plane sold as scrap, towed to Oyo
An Airbus A320 jet belonging to First Nation has been sold as scrap to a yet-to-be-identified buyer, findings have shown. The development came about four years after the carrier grounded…
Insecurity, naira devaluation drive wheat imports to N1.3tn
Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics…
Food prices surge by 42% in 12 months –NBS
Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics have shown. A new report titled “Selected Food Price Watch…
Dangote, Innoson, others emerge winners at Brand Africa award
Dangote, Innoson, MTN, and DSTV were among 100 companies that bagged outstanding awards at the 2022 edition of the Brand Africa Award ceremony on Wednesday. Brand Africa is a non-profit…
Banks borrow N338.4bn from CBN in one month
Cash-strapped banks borrowed N338.5bn from the Central Bank of Nigeria in January to bridge their funding gap, according to the banking data. Figures from the CBN’s monthly report for January…
APCON to prosecute Globacom over indecent advert
The Advertising Practitioners Council of Nigeria says it has flagged a Glo dial *109# “Link your NIN” commercial featuring a female model (Osas Ighodaro). A statement by the apex advertising…
UK government authorises sale of Chelsea FC
The UK government announced Wednesday it had given the green light to Todd Boehly's proposed takeover of Chelsea football club from the sanctioned Russian oligarch Roman Abramovich. Secretary of State…
