Business Archives

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.

Nigeria inflation nears 30%, highest in 26 Years

By Melvin Onwubuke Inflation in Nigeria continues to rise, reaching an all time high...

15th February 2024

Dapo Abiodun launches N5bn palliative for Ogun residents

Ogun State Governor, Dapo Abiodun, announced over N5bn intervention plans on Wednesday which he said...

15th February 2024

FG reviews road concessions, repairs on Kaduna-Abuja expressway

FG enlists retired military officers to safeguard highway construction workers

Retired military and security personnel have been hired by the Federal Government through the Ministry...

15th February 2024

Gbajabiamila says student loan scheme to be launched in three weeks It is anticipated that the student loan program would go into effect in the three weeks. According to The Times, the President's Chief of Staff, Femi Gbajabiamila expressed the administration's passion to ensure the scheme launch is successful. At the State House in Abuja, He said these things while hosting a delegation from the National Association of Nigerian Students, which was led by the organization's president, Lucky Emonefe, Gbajabiamila called on Nigerian students to express their support for the Student Loan Funds program, stressing that its goal is to guarantee that all Nigerian students, irrespective of their financial situation, have access to high-quality education. "He underlined the president's resolve to see it through and exhorted Nigerian students to support the effort in order to guarantee that no worthy but underprivileged student is turned away from the loan" said Femi The Chief of Staff told the students that "continuous attempts are being made to address the union's concerns and that the government is ready to stop any impending industrial action by members of the Academic Staff Union of Universities". He added that President Tinubu has issued many directives with the goal of putting an end to academic union strikes at universities and other higher education institutions.

FG to receive 2000 tractors annually from US firm

By Christian George The federal government has signed a Memorandum of Understanding with an American...

15th February 2024

As regional groups across the country continue to condemn the hardship faced by citizens, attributed to the removal of fuel subsidy and the foreign exchange crisis which has led to food inflation and high transport cost.

FG, states meet over food crisis

By Melvin Onwubuke As regional groups across the country continue to condemn the hardship...

15th February 2024

3MTT program names community managers to boost digital talent

The Federal Ministry of Communications, Innovation & Digital Economy is pleased to announce the 3MTT...

14th February 2024

Dry season farming to create 10m jobs – FG

The Federal Government stated 5–10 million jobs would be created nationwide by farming during the...

13th February 2024

FG plans naira payment for local gas operators

By Melvin Onwubuke The Federal Government has said it is putting measures in place to...

13th February 2024

Cadbury’s $7m debt to stock conversion approved by shareholders

The conversion of an outstanding $7.72 million (N7.04 billion) intercompany loan owed to Cadbury Schweppes...

13th February 2024

Nigeria's FX reserves hits three-month peak

Naira hits all time low at official market

The naira reached a new all-time low of N1,534/$ on the official Nigerian Autonomous Foreign...

13th February 2024

Access Holdings stocks recover after leadership transition

Access Corp stock falls after CEO’s death

By Christian George The shares price of the holding company for Nigeria’s largest bank, Access...

13th February 2024

FIRS announces new TAXPR-MAX platform for CbCR

FIRS denies plans to impose taxes on content creators

The Federal Inland Revenue Service has stated that it does not plan to tax content...

12th February 2024

ALTON plans N1.86tn investment to boost network expansion

FG pledges stronger fiscal reporting, transparency after IMF

FG unveils $1bn AfCFTA credit facility to boost

Tony Elumelu named Seplat chairman in major leadership

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