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Aliko Dangote has continued to maintain the lead for the eighth straight year in a row. He has been Named Africa’s richest person again. His net worth is estimated at $10.3 billion, nearly $2 billion less than a year ago. The drop in his net worth is primarily due to a roughly 20% drop in […]
Continue ReadingBefore the end of January, Nigeria and India are set to sign Bilateral Air Services Agreement (BASA) that would enable direct flights between the two countries, the Indian High Commissioner to Nigeria, Mr Abhay Thakur, has said. He said this to newsmen at an event to commemorate the World Hindi Day and Pravasi Bharatiya Divas […]
Continue ReadingOwner of a Japanese sushi restaurant chain on Saturday set a record by paying more than $3 million for a bluefin tuna in the New Year tuna auction at Tokyo’s new fish market. Kiyoshi Kimura, who owns the Sushizanmai chain, paid 333.6 million yen (£2.5 million) for the 278-kg (613-lb) fish caught off the coast […]
Continue ReadingNigerian government has approved the installation of Category 3 Instrument Landing Systems (ILS) capable of allowing flight takeoff and landing at zero visibility at the Murtala Muhammed International Airport (MMIA), Lagos and Nnamdi Azikiwe International Airport, Airport (NAIA), Abuja. The MD, Nigerian Airspace Management Agency (NAMA), Capt. Fola Akinkuotu, gave the hint in Abuja. According […]
Continue ReadingECOWAS Council of Ministers Chairman, Nigeria’s Geoffrey Onyeama, has said that achieving the ECOWAS Single Currency by year 2020 will be a challenge. Mr. Onyeama said this while responding to questions from newsmen at the end of the 54th Ordinary Session of the ECOWAS of Heads of State and Government in Abuja on Saturday. The […]
Continue ReadingNigerian President, Muhammadu Buhari, has proposed N8.83 trillion budget for 2019 to the joint session of the National Assembly. The presentation of the budget was made under a rowdy session with opposition lawmakers repeatedly booing the President as he listed his achievements. The budget proposal was prepared based on the following assumptions: Oil price: $60 […]
Continue ReadingData made available by the National Bureau of Statistics have shown that the number of unemployed Nigerians has risen to 20.9 million from 17.6 million. The report, which was released on Wednesday, contained the employment trends from Q4 2017 to Q3 2018. “Working age population up from 111.1m in Q3 2017 to 115.4m in Q3 […]
Continue ReadingThe merger will potentially create Nigeria and Africa’s largest retail bank by customers. The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger. Diamond Bank shareholders will receive N3.13 per share, comprising […]
Continue ReadingNigerian Naira is struggling in value with the world major currencies. So, today, December 10, 2018 exchange rates of the Nigerian Naira against the Dollar, Pound and Euros are shown in the table below:
Continue ReadingVery few magnates excite the splendid tribute of a cheer in the wake of their most glorious feats. But Captain Hosa Okunbo, the chairman of Ocean Marine Solutions and entrepreneur extraordinaire, effortlessly commands the relentless tribute of a cheer at home and abroad. Predictably, his ascent to the top was never a walk in the […]
Continue ReadingA seven-year-old boy who reviews toys has been revealed as YouTube’s highest-earning star, raking in $22m (£17.3m). The estimate by Forbes magazine found that Ryan of Ryan ToysReview pipped Jake Paul by $500,000 for the 12 months to June. Videos are posted most days and one promoting a blue giant mystery egg bearing Ryan’s […]
Continue ReadingAs they stand today, Thursday, November 29, 2018. Exchange rate of the Nigerian Naira against the major world currencies – Dollar, Pound and Euros. See the table below:
Continue ReadingSee the table to know today’s exchange rate of the Nigerian Naira against major world currencies – the Dollar, Pound and Euros.
Continue ReadingThe World Bank Group has come up with a list of the worst countries in Sub-Saharan Africa to do business in. In the Doing Business 2018 report, produced by the World Bank, rankings were based on property registration, ability to get credit, taxes, electricity, other business regulations and if the countries followed the 83 reforms, […]
Continue ReadingThe management of 9mobile has formally been taken over by Teleology. Only time will tell whether the communication company is going to change its name again. Announcement of constitution of a new board of directors for the company was made in Lagos on Monday. Constitution of the new board was sequel to the successful completion […]
Continue ReadingThe table below shows how the Nigerian currency, the Naira has been exchanging with major currencies of the world. It shows the exchange rates with USD, GBP and EUR for 3 straight days. Share
Continue ReadingThere is a lot of rave about making money online more than ever. This has birthed so many online businesses and online entrepreneurs. Today we will be discussing a faction of these online entrepreneurs. Online Vendors. Who is an online vendor, this is basically someone that sells products through the means of e-commerce. Some use […]
Continue ReadingA group of Nigerian boys have been hailed online after venturing into a “local” business following their return from the United States after school. The young men who are said to be in their 20’s decided to start palm kernel processing in Nigeria and were mentored by the founder and CEO of JRFarmsAfrica, Rotimi […]
Continue ReadingAgriculture, in recent times, has gained a lot of attention from International Authorities such as the FAO, IMF, World Bank and UNICEF. Not only is the research into the development of easier, safer and faster farming processes on the rise, there is also a lot of focus on the development of healthier, and purer agricultural […]
Continue ReadingCentral Bank of Nigeria has revoked the operating licence of Skye Bank Plc with immediate effect. This was disclosed by the Governor of Central Bank, Godwin Emefiele, during a press briefing in Lagos on Friday. He said that Skye Bank would now be taken over by Polaris Bank, which would take over all the assets […]
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