Tag: Featured

Economy

Naira strengthens at official window, weakens on black market

The naira appreciated in the official window on Monday following a statement by the governor of the Central Bank of Nigeria, Olayemi Cardoso. According to The PUNCH, in the statement, he assured the public that the central bank was working to address the currency’s volatility. Based on information from the FMDQ, the local currency increased by […]

featured Opinion

Nigeria’s budgeting process lacks clarity, discipline – Expert

The founder of Budget, a fiscal transparency platform, Seun Onigbinde, has criticized the Nigerian government’s budgeting process, saying it lacks clarity, discipline, and performance-driven planning.   In an interview with Arise News on Saturday, Onigbinde said that the 2023 budget, which was passed into law under the previous administration, had no clear information on how […]

Companies that exited Nigeria amid economic challenges
Business featured

2023: Companies that exited Nigeria amid economic challenges

Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and policy directions led investors to adopt a cautious stance, influencing significant long-term investment decisions. The year kicked off with artificial cash scarcity and a botched currency note redesign, initially hampering consumer spending. […]

Loan apps: FCCPC to address rising debt with new policy
Business featured

Loan apps: FCCPC to address rising debt with new policy

The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework to address Nigerians’ growing reliance on digital money lenders, often known as loan apps. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, revealed this on Monday while appearing on a TVC live program. Irukera stated that debt to DMLs has become […]

FG's 10-man panel to investigate airlines over fare hike
Aviation

Airlines that cause flight delays must provide refreshments — NCAA

The Nigeria Civil Aviation Authority has ordered airlines to provide refreshments and other alternative measures in accordance with Nigeria Civil Aviation Regulations 2023 Part 19. According to a statement signed by the Director Public Affairs & Consumer Protection, Michael Achimugu, Michael Achimugu, the NCAA is aware of recent flight disruptions that have inconvenienced air passengers and sympathizes […]

featured News

Emefiele denies CBN corruption charges, slams private investigator

The former Governor of the Central Bank of Nigeria, Godwin Emefiele, has dismissed the allegations of corruption and theft levelled against him by a special investigation panel on CBN and other entities.   The panel, headed by a private investigator, Jim Obazee, submitted its report to President Bola Tinubu after probing the CBN’s activities under […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
Business featured

Why Elon Musk lost $35bn in October – Report

The world’s richest man, Elon Musk, witnessed a dramatic decline in wealth in October as he lost a whopping $35 billion, mostly as a result of the falling value of his Tesla shares. According to Forbes, this significant drop in Musk’s wealth had a significant effect on the list of the richest people in the world. […]

Tinubu appoints Olusi as new BoI boss
featured News

Tinubu writes Senate, seeks $7.8bn, €100m loans approval

President Bola Tinubu on Wednesday sought the approval of lawmakers at the Red Chamber for another $7.8bn and another €100m. This is coming barely 24 hours after seeking approval of N2.18tn Supplementary budget. The President’s request was contained in a letter read by the Senate President, GodsWill Akpabi, on Wednesday. The letter from the President […]