Business
CBN introduces new charges for USSD services on transactions.
The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said effective Tuesday, customers will pay a flat fee of N6.98 per transaction every time they use USSD services. It said the new charges as part of the agreement reached when banks and telecommunication…
Bonus Safe Tips for Bitcoin Trading
Do you know that the popularity of this cryptocurrency has attracted so many investors from all parts of the world? Bitcoin enables people to move funds from one user to another over the internet. Unlike conventional money transfer methods like bank wire, Bitcoin is efficient and reliable. But aside from using Bitcoin for funds transfer,…
Ram Costs 800k-N1M In Lagos As Cattle Traders’ Strike Bite Harder
The ongoing strike by the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria has caused a rise in the prices of animals in Lagos and other Southwestern states. Recall that the food and cattle dealers had on Thursday embarked on a strike, blocking all ‘borders’ between the North and South in protest for the…
North food traders insist on strike-AUFCDN
Northern traders under the aegis of the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) have vowed to continue the food blockade to the Southern part of the country, in spite of being at risk of losing their perishable goods. Awwalu Aliyu, an official of the union who spoke to TheCable stated that…
Gold processing factory to be established in Kogi -Nigerian government
As a demonstration of its commitment to job creation and a robust economy, the Federal Government has started arrangements for the establishment of a gold processing cluster in the Mopamuro local government area of Kogi State. The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr Oluwatoyin Akinlade, disclosed this during a courtesy visit…
Nigerian Breweries has declared N337 billion revenue for 2020
Nigerian Breweries Plc has declared revenue of N337.01 billion for the financial year ended Dec. 31, 2020. The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019. The company disclosed this in its audited financial statement to newsmen signed by its Legal Director/Secretary, Mr Uaboi…
Inflation in Nigeria Increases to 16.47%
Nigeria’s headline inflation rose to 16.47 per cent in January 2021, the National Bureau of Statistics said on Tuesday. Buoyed by galloping food prices, food inflation also rose to 20.57 per cent in January, from 19.56 per cent in December. Inflation soared at 15.75 per cent in December, its highest level in 32 months, with the 0.86…
Arrest warrant issued against ExxonMobil Boss Richard Laing by an Abuja Court
A Federal High Court, in Abuja, has issued an arrest warrant for the Managing Director, ExxonMobil Nigeria, Richard Laing, The Economic and Financial Crimes Commission (EFCC), had approached the court for an arrest warrant after three invitations to Liang were rebuffed. Justice Okon Abang on Friday, 29th January 2021, granted the EFCC’s application for the…
Osun State governor launches juice production company in the state capital.
Osun State Governor, Mr Adegboyega Oyetola, on Friday inaugurated the construction work of a juice production company at the Omoluabi Free Trade Zone, Osogbo. This is just as the Governor reaffirmed the administration’s commitment to improving the ease of doing business and eliminate identifiable bottlenecks that can discourage investors. Addressing the gathering, Governor Oyetola said…
Another man emerges the richest man in the world with $185bn
With a net worth of $185bn, the Chief Executive Officer SpaceX and Tesla, Elon Musk has emerged the world’s richest man. Musk is a major shareholder of the electric car company and has benefited from Tesla’s surging share price over the last year, overtaking the Amazon boss Jeff Bezos as the world’s richest. The South…