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Fakoyejo Olalekan

Rishi Sunak

UK to fund Nigerian women-owned businesses with $100 million

Businesses  owned by Nigerian women will receive $100 million worth of investment from the United Kingdom, British High Commissioner to Nigeria, Catriona Laing, has revealed. The funding is in line with effort to ensure gender equality in the country, also implement UK’s
November 17, 2022
4 Nigerian Brewers Record N234 Billion Sales In Q3
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4 Nigerian Brewers Record N234 Billion Sales In Q3

In three months, Nigerians consumed over N233.87 billion worth of alcoholic and non-alcoholic drinks produced by Nigerian Breweries, Guinness, International Breweries and Champion Brew. The amount spent on drinks increased 14.13 per cent year-on-year, considering that the companies had generated N196.16 billion
November 16, 2022
$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Airtel Africa, NCC Disagree On 5G Network Auction

Airtel Africa took steps to avoid the  3.5GHz spectrums auction for 5G deployment in Nigeria, but the Nigerian Communications Commission (NCC) blocked the move, Prime Business Africa reports. The telecommunications company had offered to pay the reserved price of $273.6 million to
November 16, 2022
Nigeria air

Breaking: Court Stops Nigeria Air

Airline Operators of Nigeria (AON) has obtained a Federal High Court injunction restraining the Federal Government from executing the National Carrier Agreement it signed with Ethiopian Airlines. In the suit no: FHC/L/CS2159/2022, the defendants mentioned are Nigeria Air Limited, Ethiopian Airlines, Minister
November 15, 2022
Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again
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Naira Reissue: Bank Deposits Rise Significantly

Naira deposits in commercial banks have increased since the Central Bank of Nigeria (CBN) announced the country’s currency reissue plans. Based on the announcement, there has been significant increase in deposits, according to CBN’s Director of Corporate Communications, Ostia Nwanisobi. He, however,
November 15, 2022
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