Category: business news

Food scarcity: Nigeria borrows 5000 metric tonnes of grains from ECOWAS

As the prices of food commodities in Nigeria continue to sky rocket, the Federal Government on Sunday said a total of 5,000 metric tonnes of assorted grains were borrowed by…

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Nigeria loses N300 Billion to gas flaring in 7 months

Gas flaring in Nigeria’s oil fields has taken a huge toll on the economy, as the country flared 225.1 billion standard cubic feet of gas, between January and July 2020.…

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Petrol price hiked to N151 per litre

THE price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC. In a…

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Sell dollar at N386 naira : CBN to BDC

Bureau De Change (BDC) operators in Nigeria can now get back to full business as the Central Bank of Nigeria CBN is set to resume the sale of foreign exchange.…

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International flights to resume in Nigeria September 5

International flights to and from Nigeria will now resume on the 5th of September as against 29th August as earlier announced by the Federal Government. It would be recalled that…

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FG, CAN, Churches bicker over new CAMA

The Corporate Affairs Commission (CAC) has said that those wailing over the new Company and Allied Matters Act (CAMA) should better stop because there is no going back. CAC said…

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Xenophobia: Nigerian business community sends SOS to FG

Nigerian traders doing business in Ghana, have sent a Save Our Soul SOS message to the Federal Government, over what they described as selective harassment by the Ghanaian government. It…

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How the new CAMA act will ease doing business in Nigeria

Many small scale businesses in Nigeria had always reeled under the harsh business climate majorly due to administrative bottlenecks involved in their set up. This has negatively impacted on the…

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Nigeria Ghana renew hostilities over business closure

The Nigerian Government has reacted to the closure of shops owned by Nigerian traders in Ghana by the Ghanaian authorities. Last week, a video trended online showing the Ghanaian authorities…

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Should Nigerians be worried about ShopRite’s planned exit

A Nigerian university don, Uche Uwaleke, a professor of Finance at Nasarawa State University has urged Nigerians not to worry over the looming exit of Shoprite Holdings Ltd from Nigeria.…

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