Fakoyejo Olalekan

Russia Removes Taliban From Terrorist List In Major Diplomatic Shift

EU To Retaliate Russia’s Gas Cut, Accuses Putin Of Weaponising Gas

The European Union has threatened to react to Russia’s decision to cut gas supply, after one of the largest exporters in Vladimir Putin’s country, Gazprom, said it needs to conduct additional repairs on its pipeline. On Friday September 2, 2022, Gazprom had

September 6, 2022

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Business

Nigeria Leads UK, UAE In Top Four List Of Countries Obsessed With Cryptocurrency

Nigeria has been ranked ahead of United Kingdom and United Arab Emirates (UAE) on the top four list of countries most interested in cryptocurrency since it crashed in April 2022. In a research by cryptoasset price tracker, CoinGecko, Google Trends data showed

September 5, 2022

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Stock Investors Lose N30 billion

Nigerian stock investors lost over N30 billion as the Nigerian Stock Exchange fell by -0.1 percent in market capitalisation that dropped to N26.96 trillion from N26.99 trillion. It was dragged down by the All-Share Index which fell by 54.42 basis points, down to

September 5, 2022

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

Business·Oil & Gas

Petrol To Sell For N462 Per Litre, NNPC Reveals

The cost of petrol could rise to N462 per litre without subsidy, the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, revealed. Currently, the federal government pays N297 per litre for 68 million litres of

September 5, 2022

Aviation Workers To Shutdown Airport Operation For Two Days, Reveal Reasons

Business

Nigerian Traveller To Sue FAAN After ‘Near-death Experience’ In Murtala Airport

A faulty escalator at the Murtala Muhammed international airport in Lagos will result to a lawsuit against the Federal Airports Authority of Nigeria (FAAN) after a Nigerian traveller simply identified as Elvi experienced a “near-death experience”. Elvi, in a statement on Twitter

September 5, 2022

Borrow To Invest In Regenerative Devt Projects – Obi Advises FG

Business

Peter Obi To End CBN’s Fixed Foreign Exchange Rates, Reveals Plan For Startups

The Central Bank of Nigeria (CBN) fixed foreign exchange (forex) rates could end next year, as Presidential candidate of the Labour Party, Peter Obi, said the controlled price must be stopped, arguing that it doesn’t reflect reality. Obi said the fixed forex

September 5, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Reason Buhari Increased Tour Allowance Of Ministers, PermSec, Civil Servants By N50,000

Nigeria’s cost of governance is set to skyrocket, as the duty tour allowances (DTAs) for Ministers, Permanent Secretaries and Civil Servants on grade level one to 17 has been increased by President Muhammadu Buhari due to soaring inflation. Last month, President Buhari

September 4, 2022

Business·Markets

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

Market report from the Nigerian Exchange Limited (NGX) disclosed that over 1.195 billion shares exchanged investors hands in 19,305 deals, worth N12.924 billion, this week. Investors increased their investment on the exchange floor when compared with the 914.443 million shares, valued at N15.263

September 3, 2022

Business·Markets

Over N90 billion Made By Nigerian Stock Investors, Amid Gains In FCMB, Stanbic IBTC

Investors pocket over N90 billion following 0.3% appreciation in market capitalisation, which rose from N26.90 trillion to N26.99 trillion. The All-Share Index jumped to 50,045.83 ASI after gaining 156.03 basis points, having closed Thursday with 49,889.8 ASI. Investors exchanged 240.02 million shares,

September 2, 2022

Business

DMO DG, Patience Oniha, Tackles FG’s Budget Deficit, Ask NASS To Scrutinise It

In a bid to reduce the debt profile of Nigeria, the Director-General of the Debt Management Office (DMO), Patience Oniha, has urged the National Assembly to scrutinise the budget of the Federal Government. Oniha said the federal government has been running a deficit

September 2, 2022

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Fakoyejo Olalekan

EU To Retaliate Russia’s Gas Cut, Accuses Putin Of Weaponising Gas

Nigeria Leads UK, UAE In Top Four List Of Countries Obsessed With Cryptocurrency

Nigerian Stock Investors Lose N30 billion

Petrol To Sell For N462 Per Litre, NNPC Reveals

Nigerian Traveller To Sue FAAN After ‘Near-death Experience’ In Murtala Airport

Peter Obi To End CBN’s Fixed Foreign Exchange Rates, Reveals Plan For Startups

Reason Buhari Increased Tour Allowance Of Ministers, PermSec, Civil Servants By N50,000

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

Over N90 billion Made By Nigerian Stock Investors, Amid Gains In FCMB, Stanbic IBTC

DMO DG, Patience Oniha, Tackles FG’s Budget Deficit, Ask NASS To Scrutinise It

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Patronage Over Diplomacy: Nigeria’s Ambassadorial Shuffle

Chinese Fighter Jets Lock Radar on Japanese Aircraft Near Okinawa, Tokyo Lodges Protest

Benin Government Confirms Attempted Coup Has Been Foiled, Talon Safe

Africa Not Rising: Ex-Nigerian Central Bank Official Blames ‘GDP Delusion’

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