Business
SANWOOLU ORDER BANKS IN LAGOS TO COLLECT OLD NAIRA NOTES.
NAIRA SCARCITY: COLLECT OLD NOTES OR BE SHUT DOWN, SANWO-OLU TELLS BANKS •Says LASG will sanction any business that refuses old naira •Governor sympathises with Lagosians Lagos State Governor, Mr. Babajide Sanwo-Olu, has directed residents of the State to go ahead and have transactions with the old Naira notes, saying Lagosians should feel free to …
Emefiele in fresh plot against Tinubu
R-e-v-e-a-l-e-d Akinwale David Akin Emefiele in fresh plot against Tinubu, conspires with famous retired General *Allocates N.5b cash in new notes to Labour candidate *Recruits GOC of V/I Army Command *Ex General rains $2m cash on GRV The discredited governor of Central Bank, Godwin Emefiele, is playing his “last card” in the closing chapter of …
EMEFIELE AND THE LOGS IN HIS EYES
Felix Oboagwina What an irony! The operational network of Zenith Bank has collapsed for over a week now. No customer can transfer a farthing of their own savings out to other banks. Neither can they fish out as much as one kobo for their own use through Zenith ATMs. Gripped with ignominy, the bank’s officials …
SEC warns investors about 4 blacklisted Italian e-commerce firms
Nigeria’s Securities and Exchange Commission (SEC) has warned the Nigerian investing public to desist from dealing with four blacklisted Italian e-commerce companies. This was contained in a statement issued by the regulator on its website and obtained by Nairametrics. The warning follows a report that the Italian securities regulator blacklisted the four e-commerce firms over fraudulent trading …
International Breweries share price increases by 8.33% in three days
The positive sentiment witnessed on the shares of International Breweries Plc during the last three trading sessions on the NGX resulted in the market capitalization gaining about 8.33%. Checks done showed that the food production firm’s stock price rose to N4.55 per share at the close of trading yesterday from N4.20 with which it opened trading on …
Drake loses $1 million on a World Cup bet he made on Argentina defeating France
Drake Popular rapper Drake suffered a huge financial loss after placing a bet on Argentina to defeat France at the World Cup finals. The Canadian music star lost his $1 million bet on Argentina in the final FIFA game on Sunday after a 3-3 tie full time, which went on to a penalty shoot-out that …
Nigeria’s foreign inflows drop by 2.4% in Q2 2022 – NBS
According to the report of the report of the National Bureau of statistics (NBS) released on Wednesday, the total value of capital importation into Nigeria gel in the second quarter of the year to $1.53 billion from $1.57 billion in the preceding quarter. In the NBS’s report titled ‘Nigerian Capital Importation Q2 2022’ said the …
Despite rising cost of goods and services, Nigeria’s economy grew 3.54% in Q2 2022, says NBS
As the cost of goods and services continue to rise. The nation’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real terms in the second quarter of 2022. The growth is an improvement from the 3.11 percent growth recorded in the previous quarter. According to the National Bureau of Statistics (NBS) on Friday …
License Revocation: NBC extends deadline on enforcement order on debtors to Wednesday
The National Broadcasting Commission (NBC), has decided extended the grace period on all broadcast stations who have outstanding debts are to be paid following the 24 hours ultimatum of Wednesday, Aug. 23, 2022 earlier given. This new directive was made public by Director-General of NBC, Malam Balarabe Ilelah, made the disclosure in a statement on …
Ghana’s central bank increases interest rate to 22% to halt rise in inflation
In a bid to curb the rising inflation in the country, the Bank of Ghana (BOG) has increased its monetary policy rate (MPR) from 19 percent to 22 percent. The action is also aimed at curbing the inflationary pressures and halt the depreciation of the cedi against the US dollar. The decision was made known …