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Nigeria’s application before a Milan court for an order compelling Eni and Royal Dutch Shell to pay $1.092bn as an immediate advance payment for damages it is claiming in one of the oil industry’s biggest-ever corruption trials has failed. The decision is coming barely a year after a court in the United Kingdom dismissed Nigeria’s […]
Continue ReadingForemost cryptocurrency, Bitcoin tumbled Tuesday from its record-breaking run after US Treasury Secretary Janet Yellen warned that the “highly speculative” unit could be used for “illicit” purposes. At about 1500 GMT, the digital currency slid 12.57 percent to $47,946, while rival ethereum declined 15 percent to $1,539. Tesla boss Elon Musk who was the world […]
Continue ReadingJeff Bezos, the billionaire owner of Amazon, has reclaimed his title of the world’s richest person, ending the six-week reign of Elon Musk. Musk lost about $4.5 billion on Tuesday after Tesla (TSLA) shares fell 2.4%, taking him to second place on the Bloomberg Billionaires Index ranking. Bezos’ net worth also fell by about $372 […]
Continue ReadingThey have succeeded in breaking the glass ceilings. These women who are making the waves in their various enterprises would shock you with their successes in the boardroom. Some are in their 20s, others in their 30s, some in their 40s and even 50s. From the fabric market to the cosmetics and skin range industry, […]
Continue ReadingA seemingly regular photo of an African man eating chocolate had an unusual effect on Americans after it was shared online and they’re now calling for the man to get a modeling contract. The viral photo of the man shows him covered in dust. He has a half-eaten chocolate in his hand as he stares into […]
Continue ReadingOrganized labour has commended the recent measures of the Central Bank of Nigeria (CBN) aimed at shoring up the value of the Naira. The Naira recently reversed its depreciation trend in the parallel market, recording N20 gain against the United States Dollar closing at N470 per dollar due to what observers attributed to the new […]
Continue ReadingNigeria’s currency, Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on Monday. Bureau De Change operators had attributed the devaluation the naira is currently experiencing to speculative activities of some operators. Central Bank of Nigeria (CBN) however retained the official exchange rate at N379/$ […]
Continue ReadingNigerian actress, television personality, producer, business woman, philanthropist and former model, Chika Ike is seen on Instagram going on a business trip via a private jet The CEO Flip Script and Harvard trained business woman captions her post on her Instagram page: “Monday’s are for business meetings…. !” and shares more pictures. More photos below:
Continue ReadingAs it stated in August in respect of its interest in Nigeria, South Africa’s supermarket group, Shoprite Holdings, has announced plans to sell or close its remaining two stores in Kenya by the end of December. The supermarket group said it will be leaving the East African country two years after it began operations in […]
Continue ReadingFormer Presidential Spokesperson, Reno Omokri has asked those interested in being wealthy to study the Igbo people of Nigeria. Reno hinged his tweet on the Igbos being the richest people per capita in Africa even after they were destroyed during the Nigerian civil war and were given only £20 per family after the war. He […]
Continue ReadingThe year ended June 2020 is one that Guinness Nigeria Plc will not forget so soon, following a loss of N12.58 billion, that’s the first of its kind in the last nine years, as the COVID-19 pandemic took a toll on the beer maker. Profit slumped by 129 percent from N5.48 billion earned in 2019 […]
Continue ReadingEx-Emir of Kano, Sanusi Lamido Sanusi has asked the Central Bank of Nigeria (CBN) to fund the bureaux de change (BDC) across the country to stabilise the value of the Naira. The former CBN Governor who gave the advice during a webinar tagged ‘United States of Naira: What Price for Unification’ which was organised by […]
Continue ReadingCentral Bank of Nigeria (CBN) on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website. Nigeria’s apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted. The bank was however yet to announce if this would […]
Continue ReadingFormer two-time Nigerian Minister, Mrs. Ngozi Okonjo-Iweala on Wednesday, July 15, in Geneva, Switzerland, stressed the need for the World Trade Organisation (WTO) to elect a credible candidate based on merit for the position of Director-General. Mrs. Okonjo-Iweala, who is one of the eight candidates vying for the position, was interviewed by reporters at a […]
Continue ReadingAmerican ace rapper, beauty and celebrity, Megan Thee Stallion has taken to her Instagram page to share these hot photos of herself posing in a sexy two-piece bikini that showcased her banging body. See her bigger photos below: Photo: Megan Thee Stallion, Instagram
Continue ReadingFor decades African hospitals had been operating entirely manually, from taking notes on paper on how many patients entered the hospital on any given day, to what type of care those patients needed, or where they were supposed to be directed to. The result was a major lack in efficiency, accuracy, or often even data […]
Continue ReadingThe Group Managing Director of Access Bank Plc has hinted that the financial institution may be engaging in mass retrenchment as seventy-five per cent of the bank staff strength is no longer needed. Mr. Herbert Wigwe said what may be mass retrenchment of its workforce is due to the outcome of the COVID-19 pandemic and […]
Continue ReadingThe shallow and dry reflection of the foreign exchange market made the dollar to sell for the high of N450 in the parallel market on Friday. Impact of the crude oil prices which had been fluctuating, and fell to as low as $21, had also been taking its toll on the strength of the naira. […]
Continue ReadingCentral Bank of Nigeria (CBN) has made an alteration (technical devaluation) in the exchange rate of the Dollar to the Naira as confirmed in a communique to all banks and Bureau De Change on Friday March 20. Under the new dispensation, the CBN would make the dollar available to the BDCs at N378, which would […]
Continue ReadingFor more than three years, the exchange rate had been stable at about N360 to a dollar, due to interventions by the Central Bank of Nigeria. But the Naira had recently suffered some beating due to the impact of the coronavirus in the global economy, which led to the fall in the international crude oil […]
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