Business Archives

Hushpuppi’s US Trial Suspended Till 2021

The trial of Nigerian Internet celebrity Hushpuppi, earlier scheduled to commence this month, has been suspended as a result of the coronavirus pandemic. The suspension is contained in the orders of a district judge in California, Otis Wright, released on September 23. Hushpuppi, whose real name is Ramon Abass, is being tried on a four-count… Continue reading Hushpuppi’s US Trial Suspended Till 2021

#India Evacuates 312 Citizens From #Nigeria

#India Evacuates 312 Citizens From #Nigeria The Indian government on Sunday commenced the evacuation of its citizens stranded in Nigeria as a result of the coronavirus (COVID-19) pandemic. According to a tweet by the High Commission of India in Abuja, the repatriation exercise was conducted in the early hours of Sunday with the airlifting of… Continue reading #India Evacuates 312 Citizens From #Nigeria

[BUSINESS] #Dangote shuns #Innoson, orders 10,000 trucks from Indonesia

[BUSINESS] #Dangote shuns #Innoson, orders 10,000 trucks from Indonesia Dangote Group has concluded plans to purchase 10,000 light pickup trucks. But the company appears to have shunned Nigerian carmaker, Innoson Vehicle Manufacturing, IVM, as trucks are coming in from Indonesia. Putu Juli Ardika, the Indonesian Director of Maritime Industry, Transportation Equipment and Defense Equipment, the… Continue reading [BUSINESS] #Dangote shuns #Innoson, orders 10,000 trucks from Indonesia

Submit BAD #NAIRA NOTES to banks before Monday – #CBN warns #Nigerians

Submit BAD #NAIRA NOTES to banks before Monday – #CBN warns #Nigerians Nigerians have been directed by the Central Bank of Nigeria (CBN) to deposit bad naira notes in banks before Monday September 2. CBN said it is recalling the bad currencies to improve the overall quality of the Naira notes in circulation. Naira notes expected… Continue reading Submit BAD #NAIRA NOTES to banks before Monday – #CBN warns #Nigerians

[BREAKING] #EFCC arrests two men with $2.8 million at #Enugu #Airport

The Economic and Financial Crimes Commission (EFCC) on Friday said its Enugu Zonal Office yesterday intercepted $2.8million (Dollars), from two people, suspected to be money launderers, at Akanu Ibiam International Airport, Enugu. A statement from EFCC acting spokesman, Tony Orilade, said, “the suspects, namely Ighoh Augustine and Ezekwe Emmanuel, allegedly working for a company: Bankers… Continue reading [BREAKING] #EFCC arrests two men with $2.8 million at #Enugu #Airport

Diaspora remittance hits $22 billion annually -Abike Dabiri-Erewa

Diaspora remittance hits $22 billion annually -Abike Dabiri-Erewa The Federal Government has said that Nigerians in the Diaspora have been remitting about $22 billion to their home country annually. Special Assistant to the President on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa, disclosed this when the Rwanda High Commissioner to Nigeria, Mr Stanislas Kamazi, paid… Continue reading Diaspora remittance hits $22 billion annually -Abike Dabiri-Erewa

Diamond Bank confirms merger with Access Bank, outlines reasons

Diamond Bank confirms merger with Access Bank, outlines reasons Diamond bank has confirmed its merger with Access Bank Plc, stating that the development is in the best interest of all stakeholders including, employees, customers, depositors and shareholders. In a statement signed by Chioma Afe, Head, Corporate Communications of Diamond Bank, it was confirmed that the… Continue reading Diamond Bank confirms merger with Access Bank, outlines reasons

[PHOTOS] #Lebanese arrested With Over $2m At #Abuja #Airport by #EFCC

#Lebanese arrested With Over $2m At #Abuja #Airport by #EFCC The Economic and Financial Crimes Commission (EFCC) has arrested one Abbas Lakis, a Lebanese for money laundering offence. A statement from the anti-graft agency on Friday revealed that Lakis arrested by its operatives at the Nnamdi Azikiwe International Airport, Abuja. The suspect was picked up… Continue reading [PHOTOS] #Lebanese arrested With Over $2m At #Abuja #Airport by #EFCC

[VIDEO] If Africa Doesn’t Succeed, France And Europe Will Never Succeed – Macron

If Africa Doesn’t Succeed, France And Europe Will Never Succeed – Macron French President Emmanuel Macron believes the relationship between Africa and Europe is very important that both continents need each other to succeed. He said this on Wednesday during an interactive session with entrepreneurs from Africa in Lagos, Nigeria’s commercial capital. WATCH FULL VIDEO… Continue reading [VIDEO] If Africa Doesn’t Succeed, France And Europe Will Never Succeed – Macron

Nigerians are getting poorer under Buhari-Nigeria Latest News

Nigeria Latest News The IMF says more Nigerians are getting poorer under the Buhari administration. The International Monetary Fund (IMF) states that Nigerians are getting poorer. This is despite the several economic reforms embarked upon by the Muhammadu Buhari administration. In a report seen by Reuters on Wednesday, February 28, 2019, the IMF says more… Continue reading Nigerians are getting poorer under Buhari-Nigeria Latest News

[VIDEO] Scarcity of Money hits Nigeria,as the Country plunges deeper into RECESSION

Nigerians are now faced with a new dimension in the economic disaster the country has been experiencing. The banks are running out of cash!!!! Ar the peak of Christmas period most banks can only pay out a maximum of 20,000 naira ( About 50$),while in some states like Bayelsa State, People have to travel to… Continue reading [VIDEO] Scarcity of Money hits Nigeria,as the Country plunges deeper into RECESSION

[ECONOMIC CRISIS] Jonathan’s Former Minister approves $1 Billion Loan to Nigeria (PHOTOS)

[ECONOMIC CRISIS] Jonathan's Former Minister approves $1 Billion Loan to Nigeria (PHOTOS)

– Dr Akinwunmi Adesina served former President Goodluck Jonathan as agriculture minister before becoming the president of the AfDB – Adesina visited Nigeria and held a meeting with Professor Yemi Osinbajo, the vice president on a loan facility to the country – The loan facility of $1 billion is expected to help meet the deficit… Continue reading [ECONOMIC CRISIS] Jonathan’s Former Minister approves $1 Billion Loan to Nigeria (PHOTOS)

[UNBELIEVABLE] N1.732 trillion lost under Buhari in one year

In just one year of the President Muhammadu Buhari administration, the Nigerian stock market crashed by N1.732 trillion as against the N11.658 trillion market capitalization was as at May 28, 2015. According to a report by Punch newspaper, in the first quarter of 2016, the All-Share Index also crashed to 28,902.25 basis points from 34,310.37… Continue reading [UNBELIEVABLE] N1.732 trillion lost under Buhari in one year

Nigerian develops APP that delivers fuel to your doorstep-“FueledUp”

Nigerian develops APP that delivers fuel to your doorstep-"FueledUp"

– Nigerian develops app that will deliver on-demand fuel to Nigerians’ cars – The man says this will take away a lot of the pain and pressure and stress of people Subomi Owo-Odusi, founder of FueledUp, has created an application that will deliver fuel straight to its users in Lagos state. The app is due… Continue reading Nigerian develops APP that delivers fuel to your doorstep-“FueledUp”

MTN CEO Sifiso Dabengwa resigns following $5.2 billion NCC fine

A statement released by MTN Group on Monday morning confirms Sifiso Dabengwa’s resignation and states that non-executive chairman Phuthuma Nhleko will be replacing the departing CEO According to various media reports, the group chief executive officer of South African-based telecoms giant MTN, Sifiso Dabengwa, has formally tendered a letter of immediate resignation following the $5.2… Continue reading MTN CEO Sifiso Dabengwa resigns following $5.2 billion NCC fine

[BOOK REVIEW] The 13th Realm -The Wife Of Satan By Okah Ewah Edede

As I drove out of his house, I had tears in my eyes. How could he have gone out to have dinner with that idiotic girl when I had spent the whole day preparing his favourite meal? I even refused to eat though I was hungry because I was waiting for him to return so… Continue reading [BOOK REVIEW] The 13th Realm -The Wife Of Satan By Okah Ewah Edede

Internet Subscription in Nigeria Rises to 87 million Users

The number of subscribers browsing the internet on Nigeria’s telecoms networks increased to 87,055,484 in April, the Nigerian Communications Commission (NCC) has said. The NCC made this disclosure in its Monthly Internet Subscriber Data, which the News Agency of Nigeria (NAN) obtained on Monday in Lagos. The data showed that there was an increase of… Continue reading Internet Subscription in Nigeria Rises to 87 million Users

Charlie Champagne unveils 1st German Online Shop for Nigeria & West Africa

Charlie Champagne is the 1st German Online Shop for Nigeria & West Africa at large. We offers the best prices in Nigeria and an exceptionally easy & pratical shopping experience with secured options of paying through Debit Card or Credit Card,Direct Bank Transfer or via PayPal all which are processed through secure and trusted gateways.… Continue reading Charlie Champagne unveils 1st German Online Shop for Nigeria & West Africa

[BUSINESS] China to build $242bn high-speed Beijing-Moscow rail link

China is to build a 7,000-kilometre high-speed railway connecting its capital Beijing to Moscow which will reduce the journey time between the two cities to two days from five. The $242bn (£160bn, €210bn) project was confirmed in a Weibo post published by Beijing’s municipal government. The rail link will go through Kazakhstan and make travel… Continue reading [BUSINESS] China to build $242bn high-speed Beijing-Moscow rail link

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