Breaking News
Home / BUSINESS (page 2)

BUSINESS

Mark Zuckerberg loses $5billion after Facebook shares drops

download

Mark Zuckeberg, CEO of Facebook’s net worth has plunged at about $5 billion after his company shares slumped. This is as a result of the Cambridge Analytica scandal in which data of 50 million users was reportedly misused. The company’s stock plummeted nearly 7 percent on Monday putting Facebook on ...

Read More »

Nigerian annual inflation down for 13th month in Feb

market

Nigeria’s inflation slowed for a 13th consecutive month in February, but may still be too high for the central bank to start cutting rates from a record. Consumer-price growth in Africa’s most populous nation decelerated to 14.3 percent from 15.1 percent in January, the Abuja-based National Bureau of Statistics said ...

Read More »

Doing business in Nigerian cities is hell – Dangote

download (1)

Africa’s richest man, Alhaji Aliko Dangote, has declared that doing business in Nigerian cities is hell. He described Lagos as the most convenient and peaceful state for doing business. He said this during questions and answers session with journalists in Lagos. He said, “I am not advertising for Lagos, but ...

Read More »

Our land not available for cattle colonies, Yoruba leaders tell FG

Our land not available for cattle colonies, Yoruba leaders tell FG

Yoruba leaders, under the aegis of Yoruba Summit, yesterday, rejected the proposed cattle colony by the Federal Government saying it is a “violation of the sensibilities of different nationalities whose lands would be partitioned for Fulani herdsmen.” They also called on the Federal Government to declare killer herdsmen and militias ...

Read More »

Emefiele warns Nigerians over bitcoin

Emefiele warns Nigerians over bitcoin

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said investing in virtual currencies such as bitcoin, is a “risk that cannot be supported” by the apex bank. Emefiele stated this in an interview with reporters in Abuja. He highlighted the “dangers” in bitcoin trading, saying he had ...

Read More »

NNPC ‘operating illegal account’ — Senator

NNPC ‘operating illegal account’ — Senator

Kogi West All Progressives Congress senator, Dino Melaye, has accused the Nigerian National Petroleum Corporation of operating a dubious account in the name of the Nigerian government. The senator accused the corporation of owning major shares in a company which has no bank verification number as required by law. Coming ...

Read More »

Idanre tells sad story of Nigeria’s cocoa industry

download (5)

Tales from Idanre, Ondo State, the town regarded as the epicentre of cocoa cultivation in Nigeria, depict the retrogression that is the fate of the cocoa industry in Nigeria, PETER DADA writes Idanre, an ancient town in the Idanre Local Government Area of Ondo State, is about 20 km away ...

Read More »

Petrol stations shut as fuel scarcity worsens

images

The ‘Fuel War Room’ activated by the Nigerian National Petroleum Corporation (NNPC) to end petrol scarcity within two days is not yielding much result as many filling stations were locked yesterday in many cities across the country. Our reporters witnessed long queues at petrol stations in few stations that opened ...

Read More »

EFCC arrests Innoson boss Innocent Chukwuma

download

The chief executive of Innoson Technical Manufacturing Company, Enugu, Chief Innocent Chukwuma was yesterday arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged undisclosed financial deals. Chukwuma was arrested at about 11-30am from his Government Reserved Areas (GRA), Enugu residence by armed police officers after an ...

Read More »

US Threatens To Bar Nigerian Airlines

download

Nigerian airlines have been threatened and might be banned from entering US following new security concerns. The United States federal aviation administration has warned Nigerian airlines to resolve specified security issues within 65 days or risk being barred from flying to its country. This came after a team of US ...

Read More »
Translate »