Business

The Ooni of Ife Oba Adeyeye Enitan Ogunwusi and others have paid for a charter flight to bring back stranded Nigerians in the United States of America and Canada. The flight, scheduled for July 25, will depart Newmark USA for Lagos. The Ooni said: “I did not think twice when …

The rate at which commodity items are sold in Nigeria rose to 12.56 percent in the month of June, to record its biggest jump since April 2018. The increase in the headline inflation for the month, was 0.16 percent higher than that recorded in May when it grew by 12.40, …

The Central Bank of Nigeria (CBN) has said the total volume of payments across payment channels fell by 26 per cent in April compared to the preceding month. The Federal Government imposed a lockdown on economic activities in Lagos and Ogun states and Abuja between March and April. The data …

The head of British (UK) telecommunications giant BT said Monday that it would be “impossible” to remove controversial Chinese giant Huawei’s equipment from Britain’s infrastructure in under 10 years. BT chief executive Philip Jansen, speaking to the BBC, also warned that Britain could suffer “outages” and potential security risks if …

The Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association said on Monday that the Nigerian National Petroleum Corporation had sacked 850 contract workers at the nation’s refineries. The unions disclosed this in a joint statement signed by the National President, NUPENG, …

The University of Lagos, UNILAG, has been acknowledged as the third most productive school in educating entrepreneurs on the African continent. This was contained in an online publication by Forbes titled: “If You Want To Start A Tech-Company In Africa, Go To College.” According to a statement by the Communications …

From Vincent Ikuomola, Abuja The Society for Forensic Accountants and Fraud Prevention (SFAFP) has said N2.5 trillion is lost yearly in the national budget to public sector fraud and corruption. Speaking at a virtual induction of 192 associates at the weekend, SFAFP Chairman Iliyasu Gashinbaki said the continent was losing …

Some retired workers of the Nigerian National Petroleum Corporation have sued the NNPC Staff Multipurpose Cooperative Society, Abuja, and 18 others for N100m over the conduct of the election into the management committee of the organisation which they described as fraudulent. The suit was instituted by an aspirant, Agada Agbo, …

Nigeria’s total debt portfolio stands at N28.63trillion as at 31st March, 2020, the National Bureau of Statistics has disclosed. Its website report titled “Nigeria domestic and foreign debt first quarter 2020,” said in the period under review, the country’ domestic debt hits N18. 64 trillion, representing 65.11 percent of the …

Leader of Africa’s first Economic War under the Black Wall Street platform, Charles N Lambert, has strongly condemned the high rate at which Africans import goods into the continent. Africans are known for their high penchant for foreign-made goods in comparison to those produced locally in the continent. While committing …