Concerns are rising as young ladies suspected to be commercial sex workers now loiter around major shopping malls and highbrow streets in Lagos to lure
Category: Business
Domestic airlines demand jet fuel import licence, forex
Domestic airlines under the aegis of Airline Operators of Nigeria, on Monday, demanded that the Federal Government should allow AON procure the requisite licence for
Nigerian Exchange gets new Chairman, Ahonsi Unuigbe
By Peter Egwuatu Nigerian Exchange Limited (NGX) has appointed Mr. Ahonsi Unuigbe as its new Board Chairman, effective 27 September 2023, following the retirement of
Hotelier petitions EFCC over operatives’ raid of business premises
The Chief Executive Officer of Lakers Lounge Hotel and Bar, Ikorodu, Lagos State, Oladimeji Ogunfolaju, has petitioned the Economic and Financial Crimes Commission over the
Anger as homeless children, parents shelter under Lagos-Ibadan bridge
By Gbenga Oloniniran Some families including their children are at risk of disease outbreak as they take shelter under the bridge in the Arepo area of
Nigeria borrowed $1.21bn as investors shun 28 states
By Temitayo Jaiyeola Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states
FG bans use of laterite for road construction
…Warns Contractors against Contract VariationJohn Alechenu, AbujaThe Minister of Works, Senator David Umahi, has announced a ban on the use of laterite as a base
No plans to hike petrol price – NNPCL
The Nigerian National Petroleum Company Limited has debunked claims that it is planning to increase its pump prices for Premium Motor Spirit, commonly referred to
Economic downturn: States borrow N46bn from banks to pay salaries
•Access, Fidelity, Zenith lend states N46bn in six months as govs battle poor IGR •Fiscal Responsibility Commission issues guidelines to banks on lending to states,
Naira among Africa’s worst currencies, falls by 40% –W’Bank
The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. It noted that the currency weakened by nearly 40 per
