Business

The Senate President, Ahmad Lawan, has bemoaned the poor implementation of the naira redesign which has no doubt brought hardship to millions of Nigerians. Lawan noted that although the policy was laudable its poor implementation had beclouded the merits therein. The Senate president made this known in a statement he …

A fire incident at the Timber Market, Umuokpu, Awka, Anambra State, destroyed no fewer than 17 shops in the area on Tuesday. Although there was no loss of life, it was gathered that the fire started at about 10:16 pm and burnt till the men of the state firefighters came …

The National Bureau of Statistics on Wednesday said Nigeria recorded annual Gross Domestic Product growth of 3.1 per cent in 2022. The NBS disclosed this in the just released GDP report for the fourth quarter of 2022. The Bureau said the decline represents a 0.3 percentage point decline from the …

The Supreme Court on Wednesday adjourned judgement in the new naira policy suit to March 3, 2023. With the apex court’s decision, Nigerians, especially consumer and business groups as well as professional and trade unions looking up to the apex court for a favorable judgment (today) that they expect will …

A northern group, Arewa Youth Assembly, on Tuesday, called for the suspension of the general election in the country. The group, comprising youths from the 19 Northern states and Abuja, noted that the suspension of the forthcoming elections became necessary due to the fuel and naira scarcity. The Speaker of …

Stakeholders in the Nigerian oil and gas industry have assembled to discuss the challenges of crude oil theft and losses affecting the oil and gas industry. The event chaired by Vice President Yemi Osinbajo was attended by the Minister of State for Petroleum Resources, Timipre Sylva; the Group Chief Executive …

The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Monday, insisted that crude oil losses in Nigeria were due to theft and pipeline vandalism, opposing the position earlier given by the Nigerian Upstream Petroleum Regulatory Commission. On Sunday, the NUPRC announced that about 40 per cent of the …

The Central Bank of Nigeria has threatened to investigate, arrest and prosecute anyone spreading fake news about the naira redesign policy .This threat was contained in a statement on Tuesday jointly signed by the CBN’s Deputy Governor, Corporate Services, Edward Adamu, and Director, Corporate Communications, Osita Nwanisobi.The CBN in reaction …

President Muhammadu Buhari has arrived in Lagos State, Nigeria’s economic hub, to attend the final leg of the All Progressives Congress presidential campaign rally. The Leonardo AW139 helicopter conveying Buhari from the Murtala Muhammed International Airport touched down at the National Stadium at 2:35 pm, after which he was conveyed …

he people of Africa and the Caribbean are poised to make the global capitalist economy, which was built on the sweat and blood of African slaves, work for them, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said. Addressing leaders of Caribbean nations during the 44th Meeting of the …