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Oluwafunmilayo, Oluwaseun & Mopelola took after their Dad and became pilots just like him. The three sisters will be making history at the annual Lagos Women Run on November 12th, competing together in the 10km marathon for women. Oluwafunmilayo Makinde-Marcus a corporate pilot, who specializes in flying private jets, is eagerly anticipating this marathon alongside […]
Continue ReadingGlo’s Festival of Joy: L-R: Glo Brand Specialist, Opeyemi Ogundipe ; Glo Brand Ambassador and singer, Teni Makanaki; Head, Enterprise Business Group, Globacom, Zakari Usman; and actress/model, Chidera Martina Obakaihe, at the launch in Lagos on Tuesday of Globacom’s Festival of Joy promo in which the company is giving out 20 houses, 24 cars and […]
Continue ReadingThe Central Bank of Nigeria (CBN) has announced its plans to redesign some Nigeria’s Naira currencies. The CBN boss, Godwin Emefiele, disclosed this at a press conference on Wednesday, October 26. According to Emefiele, the Naira notes to be redesigned include N200, N500 and N1000. He stated that the new design and issues will be […]
Continue ReadingBOOM, THE NEW SOCIAL E-COMMERCE PLATFORM THAT ENABLES EVERYBODY TO BUY, SELL AND PAY FOR EVERYTHING ONLINE, WITHOUT A BANK ACCOUNT ANNOUNCES THAT ITS APP IS NOW LIVE AND AVAILABLE TO ALL NIGERIANS. Boom is on a mission to enable financial inclusion for all Nigerians by taking its e-commerce without banking solution to the masses. […]
Continue ReadingBeautiful Nigerian playwright and Distinguished Emeritus Professor of Cultural Diversity and English Literature at the University of Wisconsin, Osonye Tess Onwueme, has given reasons why she decided to relocate back to Nigeria from the United States where she had been a citizen for more than 30 years. Onwueme stated that she has been anxious to […]
Continue ReadingThe Debt Management Office (DMO) said Nigeria’s total public debt stock, which was N41.60 trillion ($100.07 billion) in March, rose to N42.84 trillion (103.31 billion dollars) by June. According to a statement obtained from DMO’s website on Tuesday, the total debt represents the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 […]
Continue ReadingNigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries’ newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900,000 barrels per day (b/d) last month. According to the OPEC report, Nigeria’s crude oil production (according to data reported by direct […]
Continue ReadingThe World Bank Fiscal Year 2021 audited financial statements, known as the International Development Association (IDA) financial statement, showed that Nigeria was rated fifth on the list with $11.7bn IDA debt stock as of June 30, 2021. But, the newly released World Bank Fiscal Year 2022 audited financial statements for IDA showed that Nigeria has […]
Continue ReadingFormer Director-General of Budget Office of the Federation, Bode Agusto, has said that pegging the naira to the United States’ dollar can not sustainably address the exchange rate crisis. Mr Agusto also said floating the Naira, which means allowing the forces of demand and supply to determine the rate at which the local currency exchanges […]
Continue ReadingThe Senate on Wednesday July 27, resolved to summon Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over skyrocketing inflation and naira devaluation. This is coming as naira has crashed further in the parallel market, trading for N700 against the U.S. dollar. The national currency which traded for N670 against the dollar on Monday, […]
Continue ReadingMoving up steadily, Nigeria’s Aliko Dangote has become the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, Elon Musk, the Chief Executive Officer of Tesla, is listed as the richest billionaire. Dangote, who moved up 37 places on the recent Bloomberg billionaire list, is […]
Continue ReadingAmazon, an American e-commerce company, says it is looking to recruit qualified persons for seven positions based in Lagos, Nigeria. The e-commerce platform is set to launch operations in Nigeria by April 2023, according to a report. According to Amazon, the vacant positions include associate solutions architect, Europe, Middle East, Africa (EMEA) startup scaling team; startup segment […]
Continue ReadingExcessive pressure on the foreign exchange market continued on Tuesday, with the dollar exchanging at N615 at the parallel market in Lagos and Abuja. The percentage of local raw materials sourced by Nigerian manufacturers declined to 52.4 per cent in 2021, from 57.5 per cent obtained in 2020, according to data from the Manufacturers Association […]
Continue ReadingNothing hurts the average Nigerian than losing money to fraud. It hits differently when they lose their money through fake bank alerts. That means someone played on their intelligence and stole from them. That hurts. Here are a few pointers to note to avoid being a victim of fake bank alerts. The advent of cashless […]
Continue ReadingIn a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a goldmine which offers an opportunity for people to tap into a better livelihood. According to Statista.com, a total of 32.5% of Nigerians were unemployed in […]
Continue ReadingBetween June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, signifying the greenback appreciated by 21 per cent within the one year period. Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market […]
Continue ReadingDual Luxury World, a leading company in citizenship and permanent residency programmes, has unveiled BBNaija’s Erica Nlewedim, popularly known as Stargirl as its Brand ambassador. The Dual Luxury World brand is about providing you with a luxurious experience of freedom. The organization, in a bid to communicate this even more effectively took things a notch […]
Continue ReadingNigeria’s proposed National Carrier, Nigeria Air, has received the Air Transport Licence (ATL) to commence flying operation. Nigeria’s Ministry of Aviation shared the good news on its Twitter handle after the Licence presentation which was done at NCAA’s headquarters in Abuja, Nigeria. This moment is coming four years after the National Carrier was unveiled to […]
Continue ReadingNigerian singer, David Adeleke, popularly known as Davido, has expressed fear of the dollar exchanging for N1k soon. He has a genuine fear because there was a time in Nigeria that American Dollar ($1) was exchanging for Nigeria’s 60kobo (N0.60). In a tweet he shared, the singer averred that there is need for drastic action. […]
Continue ReadingFears of a further devaluation of the nation’s currency, the Naira, heightening on Monday as the Dollar exchanged at N600 at the parallel market. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. Punch reports that, at Zone 4 in Abuja, which is the […]
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