Business
High public debt worsening inflation in Nigeria, others –IMF
According to the International Monetary Fund, Nigeria and other Sub-Saharan African countries' high public debt levels are worsening inflation in...
Tesla CEO Elon Musk buys 9.2 stake in Twitter; shares skyrocket
Elon Musk, a billionaire businessman, now owns 9.2 percent of Twitter. The information is contained in a Securities and Exchange...
CBN imposes heavy sanctions on banks over mutilated notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank...
Innoson Motors to establish manufacturing plant in Imo
Innoson Vehicles Manufacturing (IVM) has disclosed that plans are afoot to set up a manufacturing plant in Owerri, Imo state....
NDIC: We’ve paid N119bn to depositors, creditors of closed banks
The Nigeria Deposit Insurance Corporation has disclosed that it had paid a total of N119.101 billion as insured sums to 535,815...
FCCPC: Nigeria has over 70 online lending apps
The federal government has stated that there are about 70 to 90 online lending applications currently operated by various firms...
DMO: Government borrowing got Nigeria out of two recessions
The Debt Management Office (DMO) has stated that federal government used loans to bring the economy out of the 2017...
World Bank suspends Nigerian firm, MD for bribery
SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions firm, and its Managing Director, Mr Isah Kantigi, have...
Nigeria Air will be totally private, says Hadi Sirika
The minister of aviation, Hadi Sirika has disclosed that Nigeria Air Limited, the country's proposed national carrier will have no...
Edo attracts $531.2m oil palm investment in nine months – Govt discloses
The federal government has commended the Edo state government’s sustained collaboration and investment in the agricultural sector. This is coming after the...
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