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COVID-19: CBN Urges Banks To Support Media, Aviation Industries
The Central Bank of Nigeria has urged banks to support the media and aviation industries via loan disbursements. The apex bank made the appeal based on the negative economic…
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Petroleum Ministry Vehicles Will Now Run On Autogas – FG
The Federal Government has ordered the chief executive officers and their lieutenants in agencies under the Federal Ministry of Petroleum Resources to convert all their official…
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CBN Bars “Third Parties” From Purchasing Forex Routed Via Form M
The Central Bank of Nigeria has asked third parties to desist from accessing its SMIS forex window through FORM M forex purchases. This implies that buying agents or companies…
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Dollar Sells For N477 In Parallel Market
The dollar sold for N477 in the parallel market on Tuesday, odunews.com reports. The exchange rate had also closed at ₦477/US$1 on Monday 24th August 2020. The exchange rate…
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Former President Obasanjo Suggests Alternative To Oil Wealth In Nigeria
Former President Olusegun Obasanjo has disclosed that avocado farming could replace oil in Nigeria in terms of revenue generation. According to Obasanjo, Nigeria could be the largest…
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JUST IN: Nigeria’s GDP Falls By 6.10% In Q2 2020
Nigeria's Gross Domestic Product has decreased by 6.10% (year-on-year) in real terms in the second quarter of 2020. This is according to the second quarter (Q2) GDP report,…
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N1.08bn Alleged Misappropriation Rocks DMO
The Debt Management Office, DMO is currently enmeshed in corruption scandal as a sum of N1.08 billion is alleged to be lost from 2017 till date, thereby raising corruption cases the…
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Apple Sets New World Record As Market Value Exceed $2trn
Apple has set a new world record to be the first firm to have a market valuation that exceeds $2 trillion. Apple was also the first company to cross the $1 trillion market…
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Top 10 Co-Working Space And Serviced Offices In Lagos
There are certain credence people do attach to the option of running a co-working space rather than the archaic pattern that is generally seen as the traditional corporate settings.…
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4 Simple Steps Your Business Can Take To Retain Top Talent
By Andrew Bourne, Regional Manager, Africa, Zoho Corporation The past few months have put organizations around the globe under unprecedented pressure. Few have been spared the…
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Inflation Hits 11 months High To 12.82% In July – National Bureau of Statistics
Nigeria’s inflation rate rose year-on-year (YoY) by 0.26 percentage point to 12.82 percent in July this year from 12.56 percent in June. This represents the eleventh consecutive…
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Rising Food Inflation Shatters Household With Weakened Income In Nigeria
Disposable income of many Nigerian households has continued to come under pressure, with many spending more on food following a continued rise in food inflation, and the consumer price…
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JUST IN: Nigeria’s Inflation Rate Hits 27 Months High At 12.82% In July
Nigeria's inflation rate rose to 12.82% in June 2020 making it the highest recorded in 27 months since March 2018 when headline inflation was 13.34%. This was disclosed in the…
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Nigeria’s Unemployment Rate Rises To 27.1%
Nigeria's unemployment rate has risen to 27.1% from 23.1% in the first quarter of 2018. The percentage indicates that 21,764,614 (21.7 million) Nigerians are unemployed. This…
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Understanding Consumer Behaviour — A Look At ‘Indomie’ In Northern Nigeria
By Abass Oyeyemi To stay relevant in the Nigerian market as a producer is to understand consumers’ behavior and dance to their tune. Nigeria with its different peculiarities, separate…
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For The First Time In 11 Years, UK Hits Recession
For the first time in the last eleven years, the UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially…
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What You Should Know About The New Lagos State 2020 Land Use Charge
The Lagos state government on Wednesday announced that it has reversed the 2018 Land Use Charge law. The 2018 Land Use charge drew the ire of the public as the state government…
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Here Are The Reasons Shoprite Is Leaving Nigeria
Africa's largest grocery store, Shoprite, on Monday announced that it has begun processes to quit its operations in Nigeria. Shoprite's decision may have opened up opportunities…
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Nigeria Generates N651.177bn From VAT In 6 Months
Nigeria generated N651.177bn from Value Added Tax (VAT) from January to June. This was disclosed by the National Bureau of Statistics in its latest report on “Sectoral…
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PoS Transactions In Nigeria Hit N1.64trn In 5 Months — Highest In 4 Years
Transactions carried out through Point of Sale Channels increased from N1.14 trillion recorded between January and May 2019 to N1.64 trillion within the same period in 2020. This…
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