THE shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World…
THE House of Representatives ad hoc committee investigating the structure and accountability of the joint venture businesses and production sharing contracts of the Nigerian Petroleum Corporation has accused oil companies of tax evasion. The Chairman of the committee, Abubakar Fulata, …
ON Saturday, October 29, 2022, the naira reached a record low of N800 to the dollar before the Nigerian currency plummeted less than 24 hours later. On Sunday, October 30, 2022, it was reported that black market traders in the…
THE Federal Government has approved new incentives for investors in the agricultural sector to improve high-level private sector participation in the nation’s food production and processing industry, the Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, has said. Among…
AMAZON on Thursday said that its profit in the third quarter slipped more than nine per cent to $2.9 billion, despite an uptick in sales helped by Prime day bargains. Sales at the e-commerce colossus increased 15 per cent to…
TITAN Trust Bank Limited has paid a mandatory takeover offer to purchase the remaining minority shares of 6.59 per cent in Union Bank. The minority shares is broken down to 1,927,532,558 ordinary shares of Union Bank, and it is worth…
POLARIS Bank has been bought over by the Strategic Capital Investment Limited (SCIL) from Asset Management Company of Nigeria (AMCON) and Central Bank of Nigeria (CBN). According to report, the purchase was done at the rate of 50billion from the…
Julius Berger Staff working on road The Julius Berger construction company has relieved no fewer than four hundred of its staff working on the Abuja-Kaduna-Zaria-Kano Road project due the federal governments inability to pay debt it owed the company. The…
The Naira on Monday exchanged N441.25 against the dollar at the Investors and Exporters window, making a slight appreciation. The figure represented a slight increase of 0.03 percent when compared to the N441.38 it exchanged for the dollar before the…
THE Kaduna State Commissioner for Agriculture, Malam Ibrahim Hassaini, has said that the administration of Malam Nasir El-Rufai had over the years attracted investors into the state through the agricultural sub-sector of the economy. According to the Commissioner, the agricultural…
