Business - Page 478

Nigerian Gov’t’s N6 billion Train Revenue At Risk, As NRC Suspends Lagos-Kano Service

Train service through the Lagos-Kano and Ajaokuta routes have been suspended, casting doubt on the government’s ability to generate another N6.08 billion from passengers in 2022. The Nigeria Railway Corporation (NRC) suspended

Fakoyejo Olalekan

2 years ago

Presidential Poll: Obasanjo Warns About Looming Danger, Accuses INEC Of Attempts To Subvert Will Of Nigerians

Business

Obasanjo’s Fishery Business Risks Going Bankrupt, As Former President Laments

Former President, Olusegun Obasanjo, has cried out over the rising price of diesel that has made cost of doing business in Nigeria skyrocket, and also threaten his fishery enterprise. Obasanjo said his

Fakoyejo Olalekan

2 years ago

Editorial: Buhari’s Unclaimed Funds Trust Fund

Business·Oil & Gas

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government

Fakoyejo Olalekan

2 years ago

PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

Business

Revealed: Why Total Pension Contributions Reduced by N27.43 billion in 2021

Employees’ contributions remitted into the Retirement Savings Account (RSAs) declined by -3% last year, after the government reduced its contributions, while the private sector upped its payment. According to the 2021 annual

Fakoyejo Olalekan

2 years ago

Business·Latest News·Sports

Arsenal’s Leno Completes £8m Move To Fulham

Germany international goalkeeper Bernd Leno on Tuesday evening completed his £8m permanent move to Fulham from Arsenal on a four-year contract

Izuchukwu Okosi

2 years ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

August 2, 2022 Dollar Rate Update: Bureau De Change (BDC) operators reduced their asking price for sale of dollar on Tuesday, showing sign of rise in availability of the United States currency

Fakoyejo Olalekan

2 years ago

Business·Latest News·Sports

Aston Villa, Chelsea Agree Deal For Chukwuemeka

Chelsea on Tuesday evening confirmed the imminent signing of Anglo-Nigerian midfielder Carney Chukwuemeka from Aston Villa reports Prime Business Africa

Izuchukwu Okosi

2 years ago

Business·Insights

Ecobank Shareholders Lose N34.86 billion, As Cameroonian Billionaire Buys Lender’s Assets

Alain Nkontchou, a Cameroonian billionaire, has purchased shares from Ecobank Transnational Incorporated (ETI) amid a period the company’s shareholders are losing part of their investment. According to document obtained from the capital

Fakoyejo Olalekan

2 years ago

AMA News·Business

New Data Shows Migrants Changing Behaviours to Maintain Financial Obligations to Family Overseas as Inflation Rises

Globally, 78% of remittance senders agree that the cost of living has increased for themselves 75% of respondents said that the costs of living for those they send money to has increased

Prime Business Africa

2 years ago

Business·Tech News

Ghanaian Government Probing Flutterwave’s Operation, Financial Records

Nigerian payment company, Flutterwave, is being probed by Ghanaian government, days after Kenyan authority filed a lawsuit against the tech unicorn over card fraud and other financial infractions. In a letter dated

Fakoyejo Olalekan

2 years ago

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Business - Page 478

Nigerian Gov’t’s N6 billion Train Revenue At Risk, As NRC Suspends Lagos-Kano Service

Obasanjo’s Fishery Business Risks Going Bankrupt, As Former President Laments

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

Revealed: Why Total Pension Contributions Reduced by N27.43 billion in 2021

Arsenal’s Leno Completes £8m Move To Fulham

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

Aston Villa, Chelsea Agree Deal For Chukwuemeka

Ecobank Shareholders Lose N34.86 billion, As Cameroonian Billionaire Buys Lender’s Assets

New Data Shows Migrants Changing Behaviours to Maintain Financial Obligations to Family Overseas as Inflation Rises

Ghanaian Government Probing Flutterwave’s Operation, Financial Records

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