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Business - Page 214

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

A Skypower Express Cessna 172, registration 5N‑ASR, crashed during an emergency landing at Sam Mbakwe International Cargo Airport in Owerri, Imo State, on Tuesday night. The aircraft, which had departed Kaduna International Airport bound for Port Harcourt International Airport, declared an in‑flight emergency and diverted

December 17, 2025

Business·News

Supplementary Budget, Minimum Wage May Hinder Economic Reforms, Warns Agusto & Co.

Agusto & Co. Warns of Economic Reform Risks Rating firm Agusto & Co. has raised concerns that the N6.6 trillion supplementary budget and the proposed N70,000 minimum wage might disrupt the economic reforms of the Bola Tinubu administration. In their latest report,

September 2, 2024

Naira Falls Against Dollar Across FX Markets

Business·News

Forex Crisis Causes 57% Drop In Nigeria’s Letter Of Credit Payments, Impacting Imports, Economy

Nigeria’s Letter of Credit Payments Drop Amid Forex Crisis Nigeria’s economy is feeling the impact of a severe forex crisis, with the country’s Letter of Credit (LC) payments for the first seven months of 2024 plummeting by 57.04%. According to the Central

September 2, 2024

Business·News·Oil & Gas

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

NNPC Faces Financial Challenges Due to Rising Supply Costs NNPC Ltd. is facing significant financial pressure due to rising Premium Motor Spirit (PMS) supply costs. This situation is putting a strain on the company’s ability to maintain a stable fuel supply, raising

September 2, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as black market, especially the Aboki fx as

September 2, 2024

Lagos Real Estate Market Decline By 11% Amid Economic Pressure

Business·News

Lagos Real Estate Market Declines By 11% Amid Economic Pressure

The Lagos real estate market has been significantly impacted by Nigeria’s ongoing economic challenges, leading to a decline in commercial development activity. According to the 2024 Lagos Real Estate Development Pipeline Report by Estate Intel, a real estate research and data company,

September 2, 2024

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

Business·Power

Nigerian Govt Set To Invest $800m In Power Sector, Targets 6,000 Megawatts

The Nigeria government has announced plans to invest $800 million into the power sector to upgrade infrastructure and boost supply across the country. Minister of Power, Bayo Adelabu, said the money will specifically be released for the construction of substations and distribution

September 1, 2024

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Business·News

FCCPC’s Mandate Is Consumer Protection, Not Price Control – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Competition and Consumer Protection Commission (FCCPC) to refrain from price control, stating that the core mandate of the agency is to protect consumer’s rights. CPPE in a statement

September 1, 2024

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·News

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

A Federal High Court sitting in Abuja has ordered the Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, and Head of Legal Services Department to appear on Monday, 2nd September 2024, with documents related to money laundering charge against the crypto

September 1, 2024

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st September 2024

September 1, 2024

Business·News

Hardship: Long Queues For Bokku! Bread In Lagos

Many consumers on a daily basis, form long queues at different branches of Bokku! Mart in Lagos as they wait for hours to buy the bread. Produced in both white and brown form, the bread has cut the fancy of many consumers

September 1, 2024

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 214

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Supplementary Budget, Minimum Wage May Hinder Economic Reforms, Warns Agusto & Co.

Forex Crisis Causes 57% Drop In Nigeria’s Letter Of Credit Payments, Impacting Imports, Economy

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd September 2024

Lagos Real Estate Market Declines By 11% Amid Economic Pressure

Nigerian Govt Set To Invest $800m In Power Sector, Targets 6,000 Megawatts

FCCPC’s Mandate Is Consumer Protection, Not Price Control – CPPE

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st September 2024

Hardship: Long Queues For Bokku! Bread In Lagos

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