Nigeria, Germany sign $500m renewable energy, gas deals
In a significant move to strengthen economic ties, Nigerian and German companies sealed two pivotal agreements in Berlin on Tuesday.The accords valued at $500m, encompass…
Business
States spend N1.7tn on trips, meals, others, borrow N988bn
The 36 states of the federation have spent N1.71tn on recurrent expenditures including allowances, foreign trips, office stationery, aircraft maintenance, and more in the first…
Record for world’s priciest bottle of whisky smashed at London auction
A bottle of The Macallan 1926, described by Sotheby’s auction house as the “most valuable whisky in the world”, on Saturday went under the hammer…
From Recreation To Chronic Diseases, Poverty: How sachet alcoholic drinks breed alcoholism, thwart national devt
The intractable economic downturn in the country led to the presentation of alcoholic beverages in pocket-friendly sachets and polyethylene terephthalate (PET) bottles by distilleries. But…
Subsidy removal, forex crisis: Why price adjustments are inevitable
When President Bola Tinubu during his inauguration in May announced the removal of fuel subsidy, the policy was greeted with mixed feelings. While some persons…
Nigeria Customs raises FX rate for collection of duties from N770/$ to N783/$
THE Nigerian Customs Service, NCS, has adjusted the foreign exchange rate for its tariffs and duties. The new rates were reflected on the single window…
Prince Harry wins latest round in legal battle with UK newspapers
The publishers of two UK newspapers on Friday lost a bid to have a case for unlawful information gathering brought against them by Prince Harry…
IATF2023: How to unlock untapped potential of African countries – Obasanjo
Former President Olusegun Obasanjo and chair of the Intra-African Trade Fair (IATF2023) Advisory Council has justified how to unlock the untapped potential of African countries.…
Crude exports to Europe rise, FG boosts local supply
Crude oil exports from Nigeria to Europe have increased to 730,000 barrels per day despite the shortage of its supply to local refineries. On Thursday,…
Nigeria Border closure: Businesses collapse in northern communities, smuggling booms
Commercial activities in border communities of Katsina, Sokoto, Borno and Zamfara states have collapsed following the decision of the Federal Government to close all the…
President Museveni hits back at US over trade pact removal, says Uganda can thrive without AGOA
Uganda’s president has downplayed the US’ decision to expel the East African country from a major trade deal. Last week, Joe Biden announced Uganda and…
Exclusive: Payments giant Interswitch loses ₦30 billion to chargeback fraud, launches recovery process
Payments infrastructure giant, Interswitch is on a fund recovery run after a system glitch saw the company lose ₦30 billion (~$40 million) to chargeback fraud.…