Business

Kanye West has slammed Adidas for releasing new ‘fake’ Yeezys without his consent This is coming more than a year after the brand cut ties with the rapper over his anti-Semitic outbursts. West, 46, has accused Adidas of ‘trying to ra.pe your favorite ...

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75% The CBN Governor, Olayemi Cardoso, disclosed this while reading the communiqué of the first MPC meeting of ...

World’s second-largest oil exporter, Russia has banned gasoline exports Russia bans gasoline exports to STABILISE price This will come to reality beginning from March 1 for six months. It has been approved by PM Mishustin. This aims to stabilize prices ...

  United Bank for Africa Plc has pledged to work with the Economic Community of West African States on implementing initiatives that will attract investment and sustainable development into the sub-region’s mining and oil sectors. According to a statement from ...

  Wema Bank has held its first physical Importer-Exporter Forum in Lagos to address issues impeding international trade in the country and proffer solutions tailored to facilitate seamless international trade operations. The forum themed ‘Building a Symbiotic Trade Ecosystem for ...

  The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin ...

The Federal Capital Territory Command of the Nigeria Security and Civil Defence Corps, NSCDC, has arrested 51 suspected illegal miners and three telecommunication mast vandals The NSCDC FCT commandant, Olusola Odumosu, said this while briefing newsmen at the command’s headquarters. ...

DON JAZZY SELLS Mavin Records He sold it to Universal Music Group (UMG), one of the world’s largest music companies UMG announced its acquisition of the majority stake in Mavin Records. In a press statement on Monday, UMG said the agreement ...

The Nigeria Customs Service, on Monday, announced the suspension of the sale of foodstuffs following a stampede that reportedly killed seven persons at the NCS Old Zonal Headquarters in the Yaba area of Lagos State on Friday The Chief Superintendent ...

  The Alternative Bank, a member of the Sterling Financial Holdings Group, has announced the appointment of Korede Demola-Adeniyi as Executive Director of Sales (South). In a statement, the bank said Demola-Adeniyi would be bringing her wealth of expertise and ...

  Air Peace has said it will begin direct flight operations to London on March 30, 2024, with the inaugural flight scheduled for 12:10 am. The announcement was made during a prelaunch forum organised by the airline to engage travel ...

  The Federal Government has spent N177.4bn to offset payment of the wage award promised to civil servants in four months, according to Saturday PUNCH findings. The payment of wage awards to Nigerian workers was one of the deals agreed ...

Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, yesterday, begged Nigerians to be patient, as the management of the apex bank is doing everything possible to ensure that the Naira is strengthened Yemi Cardoso said this at the 2024 ...

  VFD Group Plc, a leading proprietary investment company committed to fostering growth across diverse industries in Africa, has embarked on an impactful Corporate Social Responsibility (CSR) initiative. In a collaborative effort with Narrative Landscape Press and GLG Communications, VFD Group ...

  In furtherance of its commitment to collect and recycle a bottle or can for each one introduced into the market for recycling or reuse by 2030, Nigerian Bottling Company Ltd recently inaugurated recycling banks in Lagos and Abuja. In ...

  First City Monument Bank marked the 2024 Valentine’s Day with hundreds of visually-impaired students and adults at schools and centres in Lagos, Nigeria. In a statement from the bank, it was revealed that the initiative titled ‘A Different Kind ...

  Unilever Nigeria says it has introduced a range of progressive policies, including a flexible working model, aimed at supporting the diverse needs of its workforce. The disclosure was made known by the Human Resources Director for Unilever West Africa, ...

  The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has shown. The NBS report indicated that the country received ...

  The  Chartered Institute of Bankers of Nigeria, the Body of Banks CEOs and the anti-graft agency, the Economic and Financial Crimes Commission have agreed to work together to tackle the issue of financial crimes in the country. Talks of ...

  The Nigeria Customs Service, Federal Operations Unit, Zone B, Kaduna, said it seized imported rice, expired juice and other contraband worth N1.975bn in January. In a statement on Tuesday, the Customs Area Controller in charge of the unit, Dalha ...

There were long queues in many filling stations across Lagos State though the National Association of Road Transport Owners has called off its strike. It was gathered, started building up in some parts of Lagos on Tuesday. The queue was borne ...

The federal government has just said it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in the country. FG stops exportation of cooking gas to reduce price ...

The Lagos State Government has said the Ikeja Computer Village is a residential area, hence the reason for the proposed relocation of the electronic gadgets village to Katangua in Abule-Egba area of the state. Lagos to convert Ikeja Computer Village ...

  Mercy Aigbe laments as Naira hits N1,800 to one Dollar Nollywood actress and business woman, Mercy Aigbe has expressed her concern on Instagram as the Nigerian currency is steadily weakening against the American dollar. In her caption, she lamented that she ...

  Developers in the built industry have rejected the agreement reached between the Federal Government and cement manufacturers. At the meeting, it was resolved that prices of cement will be reduced to between N7,000 and N8,000. In an exclusive interview ...