Business
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At last, Eko Rice hits market this weekend
After a long tortuous wait, Lagos State government has assured residents that the commercial sale of Eko Rice will commence by the end of this month. The Special Adviser to the Governor…
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NAHCO grows profit to N3.8bn
Nigerian Aviation Handling Company Plc said its pre-tax profit rose by 315.1 per cent in 2022, riding on the back of strong sales income and business-wide efficiency. A statement said the board…
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CBN eases circulation of banknotes, instructs banks to open Saturdays, Sundays
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations. The…
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LAPO MfB rewards customers
Lapo Microfinance Bank has rewarded its customers with cash prizes in its raffle draw promo. During the live draw that took place at its head office in Lagos, Lapo said it organised…
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Naira Scarcity: ‘Pure Water’ Seller Goes Cashless, Sells With PoS
In a viral post shared on social media on Sunday, a sachet water seller was seen holding a Point of Sale machine while hawking her wares. Last week, the Central Bank of…
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Tinubu Attacks FG Over Poor Exchange Rate of N800 against $1
The presidential candidate of the All Progressives Congress (APC), Bola Tinubu, at the party’s presidential campaign rally in Calabar, Cross River State, slammed the President Muhammadu Buhari-led federal government over the depreciation…
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CBN bans dollar charges on domestic transactions, launches new card, AfriGo
The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, aimed at creating a more robust payment system that would drive financial inclusion in the country. Launching…
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Group congratulates Edema, Ogunmola on NDDC appointments
O’dua Study group has congratulated Engr. Charles Ogunmola, and Hon. Gbenga Edema on the confirmation of appointments and inauguration as members of the NDDC board. The duo were inaugurated recently by President…
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LCCI lists consequences of planned supplementary budget by FG before year-end
The Lagos Chamber of Commerce and Industry has warned that the planned supplementary budget by the Federal Government will, amongst other consequences, cause economic shocks in the coming year. In a statement…
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Why N’Assembly fails to pass 2023 budget
The National Assembly on Thursday failed to pass the 2023 Appropriations bill as earlier scheduled. Indications of this emerged when the budget report was not listed on the Order Paper for Thursday’s…
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In Six Months, Nigerians Consume Beer Worth N599.11 billion
Nigerians drink beer worth N599.11 billion in six months running from January t0 June 2022, according to the first quarter results of four major brewers in the…
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Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas the imports of agricultural goods into Nigeria during same period were…