Business & Economy
News of entrepreneurship and empowerment
Oil derivation, subsidy and SURE-P refunds: 9 states receive N625.43bn in two years; N1.1trn still outstanding – FG
The Federal Government on Friday said nine oil-producing states received a total of N625.43 billion as 13 percent oil derivation,...
Food prices continued to rise in October – NBS
The National Bureau of Statistics (NBS), said that prices of selected food items increased in October. This is according to...
Why I approved redesign of Naira notes – Buhari
President Muhammadu Buhari on Wednesday in Abuja launched the new Naira banknotes, expressing delight that the redesigned currencies are locally...
Average price of petrol in September was N195.29 per litre – NBS
The National Bureau of Statistics (NBS), says consumers paid N195.29 for a litre of Premium Motor Spirit (Petrol) on the...
DMO offers N100bn Sukuk bonds at N1,000 per unit to fund roads construction
The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on...
Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with...
Bankman-Fried’s assets plummet Flfrom $16 billion to zero in days
The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions...
AfDB signs agreement of $50m with FCMB
The African Development Bank (AfDB) has signed an agreement with First City Monument Bank (FCMB) for a 50-million-dollar line of...
Zenith Bank chalks up double-digit gross earnings in Q3 2022
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2022, recording a remarkable double-digit...
Galaxy Backbone open to partnership with foreign counterparts, MD says
Galaxy Backbone (GBB) says it is open to partnership with its foreign counterparts to foster ICT development and boost the...