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BUSINESS

Facebook in financial mess, loses $16b in 24 hours
3 weeks ago

Facebook in financial mess, loses $16b in 24 hours

By  •  BUSINESS, TECH

Facebook is in deep financial difficulty after its Chief Executive Officer (CEO), Mark Zuckerberg lost more than $16 billion in less than 24 hours.

The company reported weaker-than-expected second-quarter results …
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Naira gains against dollar at parallel market
3 weeks ago

Naira gains against dollar at parallel market

By  •  BUSINESS

The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos.

The Nigerian currency gained 50 kobo to close at N358, stronger than N358.5 traded on …
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Naira stable at N358 to dollar at parallel market
3 weeks ago

Naira stable at N358 to dollar at parallel market

By  •  BUSINESS

The Naira on Monday remained stable at the parallel market in Lagos exchanging at N358 to the dollar.

The Nigerian currency had exchanged at same rate on July 20, while …
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Nigeria’s inflation rises to 1.24% in June
3 weeks ago

Nigeria’s inflation rises to 1.24% in June

The rate at which the prices of good and services are increasing is on the rise, the National Bureau of Statistics says.

NBS, in a data made available on Monday …
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#BankWar Funny tweets as Nigerian banks rattle each other on Twitter
3 weeks ago

#BankWar Funny tweets as Nigerian banks rattle each other on Twitter

By  •  BUSINESS, LOCAL

Four major Nigerian banks have engaged in a social media battle, throwing banters at each other on their Twitter handles. Those involved in the battle of wits are Sterling Bank, …
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FAAC: FG, States, LGs Share N668.89bn for the month of May
4 weeks ago

FAAC: FG, States, LGs Share N668.89bn for the month of May

By  •  BUSINESS, LOCAL

Federal, States and Local Government Councils have shared N668. 89 billion from the federation account as revenue generated in May.

The Director of Information, Federal Ministry of Finance, Hassan Dodo, …
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Presidency, NASS fails to remit PAYE, VAT to FIRS
4 weeks ago

Presidency, NASS fails to remit PAYE, VAT to FIRS

A report by TheCable has shown that Aso Rock, Nigeria’s seat of executive power, failed to remit taxes, such as pay as you earn (PAYE), value added tax (VAT) and withholding …
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Banire appointed new AMCON chairman
4 weeks ago

Banire appointed new AMCON chairman

President Muhammadu Buhari has appointed Muiz Banire, a senior advocate of Nigeria (SAN), as chairman of the governing board of the Assets Management Corporation of Nigeria (AMCON).

Banire is the former …
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Skye Bank rewards loyal customers with instant prizes in its new Money Transfer Promo
1 month ago

Skye Bank rewards loyal customers with instant prizes in its new Money Transfer Promo

Skye Bank Plc., has flagged off its Money Transfer promo tagged “Skye Money Transfer promo” aimed at rewarding the bank’s loyal customers scheduled to run from the 1st of July …
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24 ships ladened with food, petrol, others expected – NPA
1 month ago

24 ships ladened with food, petrol, others expected – NPA

By  •  BUSINESS, LOCAL

The Nigerian Ports Authority (NPA), said it was expecting 24 ships to bring petroleum products, food and other goods from Thursday to July 30 at Apapa and Tin Can Island …
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