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Showing posts with label BUSINESS. Show all posts
Showing posts with label BUSINESS. Show all posts

Nigeria’s loans from World Bank, African Development Bank rise to $14.35bn

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Nigeria’s loans from the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021,...
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$12bn cash payment to service foreign debt in 2005 was a wrong move –Fashola

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Nigeria's Works and Housing Minister, Babatunde Fashola, has criticized the decision of the 2005 Olusegun Obasanjo-led government to pa...
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CBN directs banks to create mobile app for forex following ban on sales of forex to Bureau de Change operators

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The Central Bank of Nigeria has directed Deposit Monetary Banks (DMBs) in Nigeria to create mobile applications and alert systems to update ...
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Twitter shuts its New York and San Francisco offices permanently following latest warnings about Delta variant

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Twitter has announced that its New York City and San Francisco offices will be closed permanently while other office reopenings will be paus...
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CBN bans sale of Forex to Bureau De Changes, says they have turned into 'money laundering agents’

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The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. The CBN ...
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Jeff Bezos offers NASA $2 billion to get moon exploration contract for his space company

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The world's richest man, Jeff Bezos has taken the battle for space exploration between his rocket company Blue Origin and Elon Musk'...
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Nigeria is denied market access into a lot of countries because of quality of products - Minister of Foreign Affairs, Geoffrey Onyeama

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Minister of Foreign Affairs, Geoffrey Onyeama on Saturday, July 11 explained why Nigeria is being denied market access into a lot of countri...
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Airlines to pay $3,500 fine for each foreigner who visited Brazil, India, Turkey or South Africa within 14 days preceding travel to Nigeria - FG

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The federal government has announced that airlines operating in the country will have to pay a $3,500 fine for each foreigner who visited Br...
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UAE allegedly suspend direct employment visa for Nigerians over rising crimes

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The United Arab Emirates government has allegedly suspended Direct Employment Visa for Nigerians, as a result of the increasing rate of crim...
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FG will tax profits made by global tech giants with significant economic presence in the country — Osinbajo

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Vice President Yemi Osinbajo has disclosed that the federal government will be taxing profits made locally by global technology and digital ...
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We dedicate the next decade to Gas, it's Nigeria’s hope for economic development - FG

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The Federal Government of Nigeria has stated its desire to increase the country's dependence on Gas, describing the natural resource as ...
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Queen Elizabeth loses £10m of income after closing Buckingham palace to visitors due to covid-19

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Queen Elizabeth II has lost £10million in her finances as a result of the pandemic. Buckingham Palace revealed on Wednesday, June 23, that i...
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Endless borrowing: Experts worry, Okonjo-Iweala, Ahmed differ on Nigeria’s debts

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The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Director-General of the World Trade Organisation, Dr Ngozi Oko...
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