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Business - Page 611

Dangote Accuses NMDPRA CEO Farouk of Corruption, Claims $5m Paid for Children’s School Fees in Switzerland

Billionaire businessman Aliko Dangote has publicly accused the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, of corruption, economic sabotage, and lavish personal spending, claiming that Ahmed paid $5 million in tuition fees for his children’s

December 15, 2025

10 Nigerian States With Highest Food Inflation In June 2025

Business

Kwara Leads States With Highest Food Inflation In Nigeria For September

The National Bureau of Statistics (NBS) has released the top three states with highest food inflation rate, as the country records 23.34% rate in September 2022, rising from the 23.12% recorded in August. This followed the hike in Nigeria’s Consumer Price Index

October 18, 2022

“I Want The Homeless To Model My Clothes,” Kanye West Tips

Business·Technology

$2 billion-worth Kanye West To Buy Social Media Firm, Parler, After Twitter Ban

American Hip Hop artist, Kanye West, has reached an agreement in principle with Parlement Technologies to acquire social media platform, Parler. Kanye West had reportedly offered to buy Parler after Twitter and Instagram suspended his accounts for posting what both social media

October 18, 2022

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

Business·Oil & Gas

Cooking Gas Price Heading For N10,000, After Flood Forces NLNG To Shutdown Operation

The Nigeria Liquefied and Natural Gas (NLNG) has declared force majeure following the flood that as ransacked 27 of Nigeria’s 36 states in one month, and this could lead to cooking gas scarcity. With over 600 people reportedly dead and 1.4 million

October 18, 2022

Peter Obi Reveals Why UK Gov't Shutdown His 'Next' Company

Business·Oil & Gas

Peter Obi Says Oil Subsidy An Organised Crime, After Buhari Budget’s N3.6 trillion For Payment

The presidential candidate of Labour Party, Peter Obi, has described subsidy as an organised crime, reiterating his view against subsidy payment which has continued to gulp Nigeria’s revenue. His statement comes weeks after President Muhammadu Buhari submitted Nigeria’s 2023 budget to the

October 18, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

The policies of the Central Bank of Nigeria (CBN) under Godwin Emefiele have been blamed by the Association of Bureau De Change Operators of Nigeria (ABCON) for the hike in dollar rate. According to the President of ABCON, Aminu Gwadabe, the exchange

October 17, 2022

Business

Yemi Osinbajo Offers Forex Solution Amid Dollar Scarcity

The Vice President, Yemi Osinbajo, has proffered solution to the dollar scarcity in Nigeria, advising for synergy between fiscal and monetary policy, amid depreciation of naira. In a statement obtained by Prime Business Africa, Osinbajo said controlling the demand and supply of

October 17, 2022

AMA News·Business

Perennial rice incorporates African wild rice genes and halves production cost

BGI Perspectives Perennial rice in the field – note that the crop base shows signs of previous harvests China, 17 October 2022,-/African Media Agency (AMA)/- An estimated 670 million people are projected to be undernourished in 2030, as noted in FAO’s The State of

October 17, 2022

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Business

Zenith Bank, GTBank, Seven Others Risk Credit Downgrade Over Struggle With Forex

Zenith Bank Plc, Guaranty Trust Bank Limited (GTBank), First Bank of Nigeria (FBN) Limited and six other Nigerian banks have been listed for a possible downgrade in their credit ratings by Moody’s, one of the leading credit rating agencies. Moody’s said the

October 17, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

SERAP Demands Pres. Buhari Reveals Names Behind Crude Theft Or Face Lawsuit

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to list the names of suspects involved in crude theft, as poor Nigerians are paying for their crime. In a letter to the President, SERAP opined that both state and

October 17, 2022

Sanusi Backs Tinubu’s Decision On Emefiele, Others, Says Investors Happy With Policies

Business·Oil & Gas

Scrap ‘Money Pit’ NNPC – Sanusi Backs Gov. El-Rufai

The former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, has joined Kaduna State Governor, Nasir El-Rufai, to demand for the scraping of the Nigerian National Petroleum Company Limited (NNPC). Sanusi, over the weekend, said NNPC Limited should be disbanded,

October 17, 2022

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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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Business - Page 611

Dangote Accuses NMDPRA CEO Farouk of Corruption, Claims $5m Paid for Children’s School Fees in Switzerland

Kwara Leads States With Highest Food Inflation In Nigeria For September

Cooking Gas Price Heading For N10,000, After Flood Forces NLNG To Shutdown Operation

Peter Obi Says Oil Subsidy An Organised Crime, After Buhari Budget’s N3.6 trillion For Payment

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

Yemi Osinbajo Offers Forex Solution Amid Dollar Scarcity

Perennial rice incorporates African wild rice genes and halves production cost

Zenith Bank, GTBank, Seven Others Risk Credit Downgrade Over Struggle With Forex

SERAP Demands Pres. Buhari Reveals Names Behind Crude Theft Or Face Lawsuit

Scrap ‘Money Pit’ NNPC – Sanusi Backs Gov. El-Rufai

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Dangote Accuses NMDPRA CEO Farouk of Corruption, Claims $5m Paid for Children’s School Fees in Switzerland

Dangote Refinery Slashes Petrol to ₦699, Rolls Out Credit Facility for Marketers

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SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Dangote Accuses NMDPRA CEO Farouk of Corruption, Claims $5m Paid for Children’s School Fees in Switzerland

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