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Business & Economy
Why tomato is scarce, by Agric minister
Joseph Irikefe
The Minister of Agriculture and Food Security, Abubakar Kyari, says the scarcity of tomatoes being experienced in parts of Nigeria is caused by “severe infestation known as Tomato Ebola or Tomato Leaf…
JUST IN: CBN officially withdraws cyber security levy
Maureen Aguta
The Central Bank of Nigeria (CBN) has issued a fresh circular retracting its previous circular regarding the implementation of the national cyber security levy
On May 6, the apex bank directed all…
ARSO EXPO: Unique platform for local manufacturers to showcase products, says SON
Maureen Aguta
The Standards Organisation of Nigeria (SON) says the Trade EXPO at the African Organisation for Standardization will present a unique opportunity for local manufacturers/producers to showcase their products.…
CBN interventions fail to save Naira, crashes to N1510/$
Maureen Aguta
The depreciation of the naira continued over the weekend as the currency traded at N1,510 to a dollar at the parallel market and 1,466.31 at the official market.
The dollar-to-naira exchange rate…
Uganda emerges best investment destination in Africa
Joseph Irikefe
Uganda has been named the top investment destination in Africa at the Annual Investment Meeting (AIM) in Abu Dhabi, UAE.
According to statistics from the Ugandan embassy in the UAE, Uganda has…
Naira now world’s worst performing currency, says Bloomberg
Maureen Aguta
Nigeria’s Naira has experienced a reversal in its recent gains, emerging as the world’s worst-performing currency over the last month, according to a new Bloomberg report.
The Friday report emphasised…
Iron dealers union accuses SON of complicity, demands prosecution of African Steels Ltd
Maureen Aguta
The Iron Rod and Steel Distributors Employers Union of Nigeria (IRSDEUN) have called for the dissolution of the current management of the Standard Organisation of Nigeria (SON) for allegedly allowing…
Customers panic as CBN bans Opay, Palmpay, others’ new accounts
Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers.
However, the Bank Customers Association of Nigeria backed the CBN…
Tinubu approves takeoff of Consumer Credit Scheme
Maureen Aguta
President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme.
Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance…
Nigeria’s debt set to hit N107trn as Tinubu secures fresh $2.2bn World Bank loan
Joseph Irikefe
Nigeria’s national debt which has been rising at a very terrible speed is set to hit N107 trillion as Tinubu administration starts to commences drawing from the $7.8 billion and 100 euro…