Fakoyejo Olalekan

Top Two Billionaires, Bernard Arnault, Elon Musk, Lose $7.8 billion, As Wealth Drops

Nigerians To Pay N447,000 For Elon Musk’s Starlink Network

The network hardware of Starlink, an internet provider firm owned by billionaire, Elon Musk, will cost Nigerians $600 to own, the company revealed in a statement. To acquire the network hardware, Starlink is only accepting dollar payments, making it impossible for many

January 4, 2023

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

Business

Buhari Says Govt Will Pay N1.8 trillion Interest On N23.7trn CBN Loan

President Muhammadu Buhari disclosed that the Central Bank of Nigeria (CBN) will have to be paid N1.8 trillion if the National Assembly doesn’t restructure the N23.7 trillion loan obtained from the apex bank. Buhari said the government is currently paying three per cent

January 4, 2023

Business·Personal Finance

Binance Coin, 3 Other Cheap Cryptocurrencies To Help Grow Your Wealth In 2023

In the last decade, the Cryptocurrency industry has positioned itself among investable assets that could grow wealth. The quest that started in 2009 through the creation of bitcoin, has now birthed other wealth-building innovations. Today, the crypto market is rubbing shoulders with

January 4, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Chellaram Leads Losers, BUA Foods Tops Gainers’ List Amid N187.69 billion Gain

The stock market’s total equity capitalisation closed at N28.10 trillion on Tuesday after the capital market shutdown to celebrate the New Year public holiday on Monday. Following trading on Tuesday, the market capitalisation appreciated by 0.6 per cent or N187.69 billion from last week Friday’s N27.91

January 3, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Bureau De Change Operators Sell One Dollar Below N750

The Bureau De Change window of the black market kept the exchange rate of the naira to dollar below N750 on Tuesday, January 3, 2023. After a one-day public holiday to celebrate the New Year, the dollar rate maintained a level between

January 3, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Update: Buhari Signs 2023 Budget, Amount Increased To N21.83 trillion

President Muhammadu Buhari has signed the 2023 budget. The budget was increased to N21.83 trillion, from N20.51 trillion. The 2023 Appropriation Bill had been submitted to the National Assembly with N20.51 trillion, but it was raised by N1.32 trillion by the House

January 3, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Within 12 months, Nigeria’s foreign reserves fell by $3.43 billion in 2022. However, it increased towards the end of the same year, reflecting the projection made by a member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC). The external

January 3, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has faulted Nigerians for the long queues at filling stations across the country. According to the National Operations Controller of IPMAN, Mike Osatuyi, there’s no fuel scarcity in the country. He said queues resurfaced

January 3, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business

NPA Insists On Collecting Port Dues In Dollars, Group Makes Case For Naira

Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, said ship operators will have to continue paying some dues in dollars as shipowners earn in the United States currency. Shipowners have been complaining that the NPA should put an end to

January 2, 2023

Business·Oil & Gas

Tompolo Discovers Illegal Oil Bunkering Station, Crude Oil Tanker, Arrest Two

The Nigerian National Petroleum Corporation (NNPC) Limited has destroyed an illegal filling station discovered by the former militant leader, Chief Government Ekpemupolo, aka Tompolo. According to reports, the discovery was made in Opete, Udu local government area, Delta state, by Tompolo’s security

January 2, 2023

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Fakoyejo Olalekan

Nigerians To Pay N447,000 For Elon Musk’s Starlink Network

Buhari Says Govt Will Pay N1.8 trillion Interest On N23.7trn CBN Loan

Binance Coin, 3 Other Cheap Cryptocurrencies To Help Grow Your Wealth In 2023

Chellaram Leads Losers, BUA Foods Tops Gainers’ List Amid N187.69 billion Gain

Bureau De Change Operators Sell One Dollar Below N750

Update: Buhari Signs 2023 Budget, Amount Increased To N21.83 trillion

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

NPA Insists On Collecting Port Dues In Dollars, Group Makes Case For Naira

Tompolo Discovers Illegal Oil Bunkering Station, Crude Oil Tanker, Arrest Two

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