Governor Nasir El-Rufai of Kaduna State has urged the Federal Government to immediately remove the subsidy on petrol.El-Rufai spoke at the “State-of-the-State” session at the on-going NESG, yesterday in Abuja.When asked during the session that what should be the priority of the government, the ...

  Bureau de change operators in Adamawa State are rejecting foreign currencies from customers due to growing uncertainty in the parallel market.Some of the money changers interviewed at Jimeta Modern Market in Yola said they were apprehensive over the sudden and continued crash of the dollar ...

The Independent Corrupt Practices and Other Related Offences Commission has seized no fewer than 97 property from different individuals in the past four years.The list of seized assets include 33 buildings, plots of land and a factory forfeited to the Federal Government by a former accountant ...

Indications have emerged that politicians who stashed billions of Naira outside the banking system to prosecute the 2023 general election have moved against the planned reintroduction and redesign of Nigeria’s currency by the Central Bank of Nigeria (CBN), THISDAY has learnt.These politicians, it ...

The regime of Nigeria’s President, Major General Muhammadu Buhari (retd.), has spent over N16.9tn on the importation of not less than 132.24 billion litres of Premium Motor Spirit, popularly called petrol, despite the President’s campaign promises to halt PMS imports.Figures obtained from the ...

Nigeria cedes top positions, 49% equity to ET-Relationship amounts to shareholding, not partnership-Nigeria may not have representation at global and      regional aviation forums-Only ET responded to us —SirikaThe agitations and prophetic projections of Nigerian aviation stakeholders ...

FTX has filed for bankruptcy protection after abnormal transactions caused hundreds of millions of dollars worth of crypto assets to be withdrawn.This is the latest blow for FTX, which has been marred by controversy in recent months.On Saturday, the official Twitter account of FTX retweeted ...

Nigerian Customs Service Detains Officer For Exposing “Booming Petrol Smuggling Business” To Niger Republic, Cameroon, Chad, Others Multiple sources on Friday told SaharaReporters that the officer attached to the Federal Operations Unit Zone D in Adamawa State had been arrested and ...

The Group Managing Director, Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation), Mele Kyari, has disclosed that NNPC cannot maintain a pump price of N170 per litre for Premium Motor Spirit, popularly called petrol or fuel.Kyari, while speaking at the ...

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The Katsina Area Command of the Nigeria Customs Service (NCS) has generated N500 million as revenue for the federal government seven months after the reopening of the Nigeria/Niger Republic border at Jibia Local Government Area of the state. The command’s Comptroller, Dalha Wada Chedi, who ...

My colleague at work does not believe the Naira once had more value than Dollar. I've tried to tell him, he doesn't even want to believe any of it. I too still need to know more on this cause you never know to the finish.

Nigeria has 40x more people, 3x more land area, better climate, more natural resources, better agricultural land, more young people etc. Despite all these advantages, why do Nigeria and Norway have a similar GDP? The only advantage that Norway has is that it is more ethnically homogeneous than ...

MTN, Airtel, Others Appointed By FIRS To Withhold VAT Charged To ThemMTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service.This ...

Mobile telecommunications giant, MTN Nigeria has announced some customers may experience service downtime for seven hours as it plans to effect a system upgrade.The network confirmed that its over 81 million telephony subscribers and 64.06 million internet subscribers would be shut out of voice ...

Controversial Islamic cleric, Ahmed Gumi has again slammed the Central Bank of Nigeria, CBN, over the move to redesign some Naira notes. In a statement on his official Facebook page on Sunday, Gumi expressed pessimism that the decision of the apex bank would cause more harm to average Nigerians ...

Lagos State Government on Saturday, announced plans to impound unpainted intra-state commercial vehicles across the state beginning from Monday, November 7, 2022.The General Manager, Lagos State Traffic Management Authority, LASTMA, Mr. Bolaji Oreagba who disclosed this in his office in Oshodi, ...

Foreign currency dealers have complained to the Inspector-General of Police, Usman Baba, about their ordeals in the hands of operatives of the Economic and Financial Crimes Commission following the arrest of some of them.The dealers will also send a copy of their petition to the Senate even as ...

Public policy staff and content moderators are among those who have been sacked.Scores of Twitter employees, including some involved in the company's public policy and content-moderation activities, were fired on Friday as Elon Musk reimagines the social network.In heartfelt tweets, many using the ...

The German International Development Agency (GIZ) has trained no fewer than 500 stakeholders in the cassava value chain in Ogun State on the production and processing of High Quality Cassava Peel (HQCP) for the production of animal feed.The training was done under the GIZS-SEDIN Cassava Processing ...

Hello all, I opened this thread to be giving you daily updates on black market rate of  three major currencies as provide by fx exchangers:1. Dollar to Naira black market rate,2. Pounds to Naira black Market rate,3. Euro to Naira black market rate.I will be using London rates for my information and ...

Please be informed that NIN and BVN do not guarantee to keep an MTN phone number for life. As already informed, a line with no revenue-generating activity for 360 days will be disconnected/recycled.However, you can activate the Keep My Number service to avoid ...

Ive been wondering if there any cashless payment methods that allow Person to Person Money transfer in Nigeria. I don’t mean between Bank to Customer but more like Paypal. Ive heard that Paypal has limitations and im honestly not well versed in the Nigerian market.

The Federal Government owes contractors about N11.16tn for the construction of various highways across the country and certificates of completion.The Minister of Works and Housing, Babatunde Fashola (SAN), who made this disclosure while defending the proposed budget of his ministry in the 2023 ...

EFCC raids Abuja Bureaux de change officesOfficials of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday, November 1, 2022, arresting an unconfirmed number of suspects.Our correspondent gathered that the officials, armed to the ...

How did you know you have made it in online business? For me, when i started making 20,000 - 30,000 Naira writing online, i became contented! What about you? 

The Central Bank of Nigeria (CBN) has said it followed due process as far as redesigning three series of the naira is concerned.Spokesman of the apex bank, Mr. Osita Nwanisobi, said this while responding to the Minister of Finance, Budget and National Planning, Zainab Ahmed, who said her ministry ...

Barely Forty Eight  hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country’s currency December 15, 2022, the Federal Government Friday disagreed with him.Minister of Finance, Budget and National Planning , Zainab Ahmad who ...

The CBN has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same period.Data from the apex bank showed that N33.37 billion had been used to print new notes in 2016, the amount expended increased to N49.52 billion and ...

THE change in the design of the Naira (currency notes) as recently announced by the Central Bank of Nigeria will have no impact on the level of prices in the economy, but could lead to a fall in Gross Domestic Product (GDP) and output. The CBN on Wednesday announced a programme for the change of ...

To all our valued shoppers. �Jabi Lake Mall will be closed today, Thursday, 27 October 2022. This decision has been taken in the overall interest of the safety of all staff and customers of the mall.Centre Management is committed to minimising any disruptions; however, the safety of our staff and ...

The price of 12.5kg of cooking gas rose by 61 per cent to N9,906 in September 2022 from N6,165 in September 2021.This was disclosed by the National Bureau of Statistics in its report on Liquefied Petroleum Gas (cooking gas) Price Watch for September 2022.In its state profile analysis, the bureau ...

Indications have emerged that the fuel crisis currently enveloping the country might have been as a result of vessel owners’ refusal to discharge products due to what a stakeholder referred to as ‘financial challenges.’ Findings by New Telegraph revealed that although the nature of financial ...

The Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday said that mechanisms have been put in place to tackle the growing inflation in Nigeria.Ahmed who made the disclosure while appearing before the House of Representatives Committee on Finance for the 2023 budget defence, ...

Nigeria’s tax agency, Federal Inland Revenue Service (FIRS) has announced that it has commenced the direct deduction and collection of taxes at transaction points from online gaming companies using the Sentinal National Payment Gateway and Electronic Solution.This was made known in a statement by ...

The Chairman of Geometric Power Group, Professor Barth Nnaji, has explained that his passion to contribute to industrial development in Igbo land in a manner that would accelerate rapid development of Nigeria was the major influence behind the decision to locate the Geometric Power Plant in ...

The Federal Government, FG, on Wednesday, announced the emergence of preferred and reserve bidders for three out of four Airport and Cargo Terminals as approved for concession after the Request for Proposals, RFP, phase of the Nigeria Airports Concession Programme, NACP.The Minister of ...

MTN is set to invest in Nigerian owned businesses through a campaign tagged: ‘MTN Pulse BlowMyHustle’, which aims to economically empower Nigerian youths involved in scalable businesses.The investment is sequel to the ‘side hustles’ by Nigerian youths, which ranks highest among other African ...

https://www.youtube.com/watch?v=oQVb7NRGJb8 Current currency.        New currencyCentral Bank of Nigeria (CBN), Mr Godwin Emefiele, on Wednesday, disclosed that plans were afoot to unveil new redenominated naira notes by December 15 this year, asking depositors to hit the banks to exchange their ...

The Governor of Anambra State, Charles Soludo has proscribed all forms of levies on wheelbarrow pushers, hawkers and vulcanizers in the State.Governor Soludo announced this, Wednesday, in post on his verified Facebook page.He said that his government is committed towards ensuring that the poorest ...

HOW TO CALCULATE THE BAGS OF FEED YOU WILL NEED TO RAISE 100 BROILERS YOU WANT TO SELL DURING CHRISTMAS TIME. The question of how much feed per broiler chicken is a very interesting one that farmers should often ask.And it is pretty wise to ask this question. To know how much feed per broiler ...

By Nume Ekeghe:The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele yesterday disclosed that the country’s digital currency, the eNaira recorded a total of N8 billion transactions in the first one year after it was launched by President Muhammadu Buhari. The CBN governor also said the ...

Golden Penny Pasta, Nigeria’s favorite and most versatile pasta brand, made from the highest quality Durum wheat and enriched with many nutritional benefits including dietary fibre, energy, protein, and Vitamin A, all of which are essential for healthy growth and vitality employs you to celebrate ...

 ByTHE PRESS ASSOCIATION (Martyn Landi, PA Technology Correspondent)October 25, 2022, 8:47 AM GMT+1Messaging platform WhatsApp has gone down for users across the UK and around the world.Many have taken to social media to complain that they are unable to send or receive messages on the popular ...

NIGERIAN indigenous Shipowners under the aegis of the Ship Owners Association of Nigeria (SOAN) has warned that except the Nigerian Government addresses the lack of capacity confronting indigenous shipping, foreign vessels might dominate freight carriage of crude oil at the $19bn Dangote Refinery ...

The Nigerian Liquified Natural Gas Company, NLNG, has refuted news going rounds that it has closed operations after it declared Force Majeure due to flooding.Recall that rumour had started flying round that there would soon be scarcity of cooking gas due to their closing down which has driven ...

Don Onyenji, Anambra Commissioner For Culture, Entertainment and Tourism, has called on operators of Lottery and Betting activities to carry on their businesses as allowed by the extant law.Mr Onyenji urged the operators to disregard the information in circulation that the Anambra government has ...

Governor Chukwuma Soludo of Anambra State has banned the operations of casinos and gaming centres in the state, including BetNaija over alleged "dark deals". Popular gambling services in Nigeria include Bet9ja, 1960bet, Nairabet, 9jaPredict and BetNigeria.The notice of the ban is contained in a ...

By Gideon Arinze:The organisers of the Agbaja Peoples Summit have said the summit will provide investment platforms for economic development through networking and mentoring among local entrepreneurs and the global community.The Chairman of Agbaja Peoples Summit Planning Committee, Ugo Chime, who ...

The Central Bank of Nigeria (CBN) has announced the completion of the sale of Polaris Bank. Osita Nwanisobi, CBN’s Director, Corporate Communications, disclosed this... The Central Bank of Nigeria (CBN) has announced the completion of the sale of Polaris Bank.Osita Nwanisobi, CBN’s Director, ...