Business

After eight months of decline, Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021, from 15.50 per cent recorded in November. The Statistician-General of the Federation, Simon Harry, disclosed this on Monday during a press briefing at ...

The Lagos Chamber of Commerce & Industry (LCCI) has estimated that Nigerian businesses lost N10.72 trillion ($26.1billion) within 222 days President Muhammdu Buhari shut down Twitter operations across Nigeria. “In business terms, the cost of the seven-month shutdown of Twitter ...

The price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling stations in Lagos. The Punch had reported on October 7, 2021 that fuel marketers had increased diesel price to N320 ...

The Federal Government has said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting to the recent marginal drop in the cost of ...

  For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling ...

Titan Trust Bank has announced a takeover of one of Nigeria’s oldest banks, Union Bank. Titan Trust Bank Limited, one of Nigeria’s newest commercial banks, which commenced operations in October 2019, is buying 89.39 per cent of the issued capital ...

Davido has announced the launch of his cryptocurrency, ‘Echoke social token.’ Davido made the announcement in a Twitter post expressing excitement about the social token. In the post, he noted that with his social token value created by fans to ...

Entrepreneur, Tania Omotayo, has called out a lady who used a fake alert to buy clothes worth N59k from her Abuja store. She called the lady out on Instagram, saying if she does not do the needful, her photos will ...

Governor Abubakar Sani-Bello of Niger State has banned the sale of motorcycles in the state. Secretary to the State Government, Ahmed Matane, said in a statement issued in Minna on Saturday that the ban resulted from incessant security challenges in ...

The value of cryptocurrency asset Bitcoin has fallen by seven per cent after China has announced plans to restrict cryptocurrency activities in the country further. “Virtual currency is a specific virtual commodity that is not issued by the monetary authority, ...

The price of ‘pure water’ could balloon from the present N20 to about N50 per sachet very soon, the Water Producers Association of Nigeria (WAPAN) has warned. National President of WAPAN, Eneri Odiri Jackson said the price could rise if the ...

The Indian government has set up a gold refinery in Ghana, owning 80 per cent of gold refined in the first five years. Local media reports that Ghana deputy minister of Land and Natural Resources, George Mireku Duker, made this ...

Kim Kardashian is making millions by the minute. On Tuesday, the 41-year-old shapewear mogul dropped her latest Skims collection, a collaboration with high-fashion brand Fendi, to much fanfare. Though there are still a scant few styles up for grabs, tons ...

A Nigerian man, Abuchi Nwaribeaku, was on Monday docked before a Magistrates’ Court in Lagos for allegedly producing fake Puma sportswear. Nwaribeaku, 36, a resident of Surulere in Lagos, is facing a two-count charge bordering on forgery and conspiracy. He, ...

Luxury apartments in the 21-story building that collapsed on Gerrard Road, Ikoyi, Lagos, were being sold for $5 million (N2.85 billion at the prevailing exchange rate of N570/$) per apartment, according to online listings. A flyer designed for the residential ...

Facebook has changed its name to Meta in a major rebrand as the social media giant faces an scrutiny over its business practices. The company said the new name would better “encompass” what it does now, a reference to its ...

The Central Bank of Nigeria says it will not bear any liability for any interruption, loss of revenue or loss of services arising from the use of the eNaira website. This is just as the eNaira speed wallet disappeared from ...

  The Federal Government has begun the process for the valuation of property belonging to several politically exposed persons, including the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke. The Diezani property located in highbrow Banana Island Foreshore Estate, Ikoyi, ...

A pair of trainers worn by NBA superstar Michael Jordan early in his career have sold for nearly $1.5m, setting a record price at auction for game-worn footwear. The white leather shoes with the red Nike swoosh and soles were ...

  Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he is already the world’s richest person, he could also become the first member of the ...

Facebook Inc (FB.O), under fire from regulators and lawmakers over its business practices, is planning to rebrand itself with a new name that focuses on the metaverse, the Verge reports.   The name change will be announced next week, The ...

Netflix’s biggest original series Squid Game is estimated to be worth almost $US900 million ($A1.2 billion) for the streaming giant, Bloomberg News reports, citing figures from an internal Netflix document. The nine-episode thriller, in which cash-strapped contestants play childhood games ...

  Piggyvest Bamise ImagineLenders scam allegation: Report claiming Piggyvest lost N2billion in an alleged Bamise ImagineLenders scam trending on Instagram has been described as completely false and unfounded by Piggyvest. Piggyvest Bamise ImagineLenders scam allegation: Piggyvest says report is false and ...

  A retailer on Felicia Oke Street in the Olowora area of Lagos State, Olabisi Opeyemi, is smarting from the loss inflicted on her by a suspected thief who disguised as a customer to steal two bags of rice from ...

Aphrodisiac dealer, Jaruma has said thousands of destinies will be stolen via Kayamata products becuase of the new iphone 13. This is comes as the new iPhone 13 is estimated to cost over a million naira. According to Jaruma in ...