Fakoyejo Olalekan

Investors To Buy N150 billion-worth Of FBN Holdings Stake

First Bank To Prevent Naira Card Customers From Making International Transactions, Sets New Policy

Customers of First Bank of Nigeria (FBN) will no longer have access to foreign exchange for international transactions through all Naira Card types issued by the commercial bank. First Bank sent an email to its account holders to notify them of the

September 21, 2022

Business·Markets

Over N12.62 billion Loss Recorded By Nigerian Stock Investors Due To Share Dump In Cadbury, Others

The stock exchange recorded losses amounting to N12.62 billion, after the market capitalisation nosedive by -0.04 percent on Wednesday. This led to the market capitalisation closing down at N26.65 trillion, from N26.67 trillion reported a day before. The All-Share Index also headed

September 21, 2022

Business

Chris Ngige Reveals FG’s Plan To Raise Worker’s Minimum Wage From N30,000

The Minister of Labour and Employment, Chris Ngige, has hinted that the Federal Government will raise the minimum wage of workers due to the rate of inflation that has eroded the value of the N30,000 wage. In December 2019, when the minimum

September 21, 2022

Business

Femi Gbajabiamila, Reps, Unhappy After Nigeria’s Debt Rises To N42.84 trillion Under Buhari

Speaker of the House of Representatives of Nigeria, Femi Gbajabiamila, has raised concerns regarding the rising debt of Nigeria, after the government borrowed N3.28 trillion in the first six months of this year. Prime Business Africa had reported that debt profile of

September 21, 2022

Business

Gov’t Agency Warns Residents Of Delta, Edo, Two Others Risk Power Outage

The Director, Industries and Services of Bureau of Public Enterprises (BPE), Yunana Malo, said residents in Delta, Edo, Ekiti and Ondo might experience power outage due to the current leadership tussle in Benin Distribution Company (BEDC). Vigeo Power Limited filled a lawsuit

September 21, 2022

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Business

Residents In Taraba, Adamawa, Lagos Pay Highest Price For Gas

The National Bureau of Statistics (NBS) has revealed that residents in Taraba, Adamawa, and Lagos State paid more for gas in August, compared to Katsina, Ogun and Yobe where the price of the commodity was low. In a monitoring report, Cooking Gas

September 21, 2022

Business·Markets

Nigerian Bourse Halts Losses As Investors Gain N3.22 billion After Five Hours Of Trading

On Tuesday, the Nigerian stock market capitalisation gained N3.22 billion, rising to N26.67 trillion, from N26.66 trillion. This comes as the All-Share Index grew to 49,445.31 from 49,440.21 ASI, after gaining 5.1 basis points. On the exchange floor, over 147.58 million shares,

September 20, 2022

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Business

Nigerian Gov’t’s Debt Rises By N3.28 trillion In Six Months

The total debt stocks of the Federal Government of Nigeria, the 36 state governments and the Federal Capital Territory increased by N3.28 trillion in the first six months of this year. According to the Debt Management Office (DMO), the total debt stock,

September 20, 2022

Business

Consumption Of Ponmo By Nigerians, Reason For Poor Leather Industry – FG Says, To Ban It

The Director-General of Federal Government Parastatal, Nigerian Institute of Leather and Science Technology, Muhammad Yakubu, has blamed the consumption of animal skin, ponmo, for the poor state of the leather industry in the country. As a result, the Federal Government is proposing

September 20, 2022

Business

CBN Approves New MD, CEO, Sirajo Salisu, For Jaiz Bank

Jaiz Bank has made changes to its leadership, appointing Sirajo Salisu as the Managing Director and Chief Executive Officer of the firm, to replace the outgoing Mallam Hassan Usman, after Central Bank of Nigeria approval. Usman is expected to retire from the

September 20, 2022

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Fakoyejo Olalekan

First Bank To Prevent Naira Card Customers From Making International Transactions, Sets New Policy

Over N12.62 billion Loss Recorded By Nigerian Stock Investors Due To Share Dump In Cadbury, Others

Chris Ngige Reveals FG’s Plan To Raise Worker’s Minimum Wage From N30,000

Femi Gbajabiamila, Reps, Unhappy After Nigeria’s Debt Rises To N42.84 trillion Under Buhari

Gov’t Agency Warns Residents Of Delta, Edo, Two Others Risk Power Outage

Residents In Taraba, Adamawa, Lagos Pay Highest Price For Gas

Nigerian Bourse Halts Losses As Investors Gain N3.22 billion After Five Hours Of Trading

Nigerian Gov’t’s Debt Rises By N3.28 trillion In Six Months

Consumption Of Ponmo By Nigerians, Reason For Poor Leather Industry – FG Says, To Ban It

CBN Approves New MD, CEO, Sirajo Salisu, For Jaiz Bank

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