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Business & Economy
Court awarded damages after UBA breached data privacy of customer
Most Nigerians are oblivious of their rights to privacy and right to data protection; hence data collectors/administrators take advantage of data entrusted to them, thereby violating their fundamental rights.
The protection of a…
Lekki Deep seaport: FG targets $321bn business impact on Nigeria’s economy in 45 years
...to wrestle lost cargoes from Ghana, Togo, Benin
Paul Ogbuokiri
As the promoters of the Lekki Deep seaport sets to complete the construction of the first phase of the port in readines for its comissioning by the fourth…
2020/2021: GTCO depositors lose a whooping N2.57bn to fraud, forgery cases
Depositors of Guarantee Trust Holding Company (GTCO) lost a whooping sum of Be.57 billion to fraud and forgery cases between 2020 and 2021, DAILYNEWSWIRENG has learnt.
According to analysis of data provided by the bank in its audited…
Court fines Zenith Bank N500,000 in landmark judgment over spam messaging
A high court in Ogun state has ordered Zenith Bank Plc to pay N500,000 as damages for sending spam messages to one Omotola Fathiat Quadri.
Quadri had, in the suit marked HCT/605/2021, sued Zenith bank for infringing on her fundamental…
Falling value of naira will continue -Experts
Financial analysts have predicted a further depreciation of the Naira.
The economic experts also predicted that Nigeria’s Gross Domestic Product will increase by almost three percent in 2022.
The experts made this claim while speaking…
U.S. Consulate signs tripartite agreement, announces 2022 academy for women entrepreneurs
Paul Ogbuokiri
The U.S. government is committed to supporting women’s full and free participation in the Nigerian economy as they seek to thrive in the workforce, succeed as entrepreneurs, and create stability and prosperity in…
Toyota certified service-center opens in Lagos
...As Osinbajo hints on revival of auto sector
Paul Ogbuokiri
Vice-President Yemi Osinbajo has said that the Federal Government would soon commence revival of Nigeria’s auto industry to complement the huge investments made…
Lt Colonel (Rtd) Paul Obi, 2 others arraigned over alleged fraud
Lt. Colonel (retired) Paul Edor Obi, who was an Administrator of Bayelsa State, Nigeria from July 1998 to May 1999 during the transitional regime of General Abdulsalami Abubakar, was yesterday arraigned before Justice Mojisola Dada of an…
President Buhari impressed with Dangote’s $2.5bn Fertiliser plant
…surprised at scale of investment; says nation set to witness agric boom
President Muhammadu Buhari yesterday commissioned the new 3 million Metric Tonnes capacity per annum state-of-the-art Dangote Fertiliser Urea Plant, with…
Nigeria inflation to soar over diesel high price, Analysts warn
Nigeria’s price inflation would persist as the tension in Europe has pushed up energy prices, leaving the country to deal with high food prices and inflated prices for diesel and other unsubsidized energy imports.
Specifically, Russia is a…