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…
CBN raises interest rate to 13%
The Central Bank of Nigeria on Tuesday announced that it has raised the interest rate to 13 per cent. CBN Governor, Godwin Emefiele, made this known while addressing the reporters…
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…