Electricity tariff increase coming soon - FG
Federal government has said it is expecting an improvement in electricity supply to Nigerian, just as it revealed that an increase in electricity tariff will be inevitable. Minister of Power,...
Billionaire is worth half of his country’s GDP. Here’s the source of his wealth
Christoph Zeller is Liechtenstein's only billionaire, according to Forbes. The 62-year-old billionaire, who made his fortune in dental products, is worth $3.1 billion. That's half of the tiny European country's...
5 leadership lessons I learned from doing my own 'undercover boss'
When was the last time you saw your CEO or vice president shadow the call centre or the factory floor? When was the last time your managing director came up...
FG introduces new electricity distribution policy to bypass DisCos
Federal Ministry of Power’s new electricity distribution policy called “Willing Seller, Willing Buyer” was designed to bypass middlemen and sell power directly to consumers, a statement on Wednesday by Aaron...
Google co-founders Larry Page and Sergey Brin step down from parent firm
Larry Page and Sergey Brin, co-founders of Google, have announced they are stepping down from running the online giant's parent company. The pair will leave their respective roles as Alphabet's...
Bank customers to present tax card from next month
Evidence of tax payment will be a condition for operating a bank account from January, according to the Financial bill passed by the National Assembly. The Bill, submitted to the...
EFCC seizes Onyema’s passports, restricts his movement
On the 23rd of November, 2019, Mr Allen Onyema, Chairman of Air Peace was charged with 27 counts of money laundering by U.S. Attorney Byung J. “BJay” Pak. Mr Byung...
Dutch company to light a million Nigerian homes with solar power
Lumos, which has already fitted more than 100,000 solar home systems around Nigeria, will receive a fee for each new installation from the Rural Electrification Agency, known as REA, Gordon...
Consume local products, forex support may stop, Emefiele tells Nigerians
Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has urged Nigerians to support production and consumption of local products, as the country may not have foreign exchange to support some...
How to turn frustration into a multimillion-Dollar business idea
Daniel Kane explains how a rubber band gave him the idea to launch his accessories company The Ridge. Searching for the next business idea? The opportunity may be much more...
Motorcyclists protest ill treatment by employers in Ibadan
ORide motorcyclists on Monday lamented alleged ill-treatment being meted out to them by their employer, OPay. As a result, the riders gathered at the company’s office in Bodija, Ibadan to...
Capital inflow into Nigeria declined 7.7 percent in Q3 - NBS
Fresh statistics released by National Bureau Of Statistics (NBS) on Monday revealed that the bulk of capital importation into Nigeria declined by 7.7%. The report shows that total value of...
Nigerian investors to pay more for U.S. permanent residency
United States Citizenship and Immigration Services (USCIS) has raised its minimum requirement for the EB-5 immigrant investor scheme from $500,000 to $900,000. Under the programme, individuals are eligible to apply...
5 successful entrepreneurs share how they were able to come up with a business model right for them
When it comes to choosing a business model, there's a lot of wisdom out there on what you should and shouldn't do. But the most important thing is choosing a...
Nigeria’s aviation business, passengers face crisis as Air Peace chief battles fraud charges
Hard times could hit the local air travel sector following fraud and money-laundering allegations against Air Peace airline’s boss. Although the industry is not new to such allegations, this is...
Zenith Bank heralds Yuletide season with light-up of Lagos street
Yuletide season comes to life in Lagos as Zenith Bank Plc lights up Ajose Adeogun Street with the theme: “LET THERE BE LIGHT.” This year marks the 14th year since...
Google to restrict political adverts worldwide
Google will no longer allow political campaigns to target advertising at people based on their supposed political leanings. Campaigns will also be unable to match their own database of prospective...
Merchants dump PoS, inactive terminals hit 131,201
Some retailers using Point of Sales terminals to receive payments have abandoned the device and reverted to cash payments, investigation has shown. Some of them who spoke with our correspondent...
Customs to begin electronic clearance of imported, exported goods
Nigeria Customs Service (NCS) said it had obtained approval from President Muhammadu Buhari to begin electronic process for clearing imported and exported goods. Comptroller General of Customs, Mr Hameed Ali...
Petrol, diesel imports drop after border closure - NBS
The nation’s imports of petrol and diesel fell by about 11 per cent and 15 per cent, respectively in September, latest data released by National Bureau of Statistics on Thursday...
Top global designers storm Lagos for ‘Style By Zenith 2.0’ lifestyle fair
Top global designers and brands will storm Lagos for the “Style by Zenith 2.0” Fair, second edition of Zenith Bank’s anticipated Lifestyle Fair, which holds from Friday, November 29 to...
Cooking gas to sell for N6,000 from N3,500 current price - Marketers
Marketers of Liquefied Natural Gas, LPG, otherwise known as cooking gas, have challenged the current imposition of 75 per cent price hike on the product by federal government. This development...
Border closure boosts Naira at parallel market - Report
Closure of the Nigeria’s land borders to its neighbours has kept the value of the naira strong at the parallel market, a new report has shown. Managing Director and Chief...
Alleged N67bn fraud: Contractor threatens court action against Makinde
An indigenous firm, ENL Consortium Limited, on Wednesday in Abuja, threatened to institute legal action against Governor of Oyo State, Mr Seyi Makinde, over an allegation that the firm jerked...
CBN stops treasury bills’ sale to individuals
Central Bank of Nigeria has given a directive to banks and other financial institutions to stop sales of treasury bills to individuals and small firms with effect from November 29....
US’ oil output will surpass combined outputs of OPEC members in just 5 years
OPEC's World Oil Outlook for 2019 found that output will fall over the next five years, while America's shale oil production will overtake that of the group. The Organization of...
This is the No. 1 habit self-made millionaires share - and it’s also the most overlooked, says money expert
Tom Corley There are a handful of things that separate the ultra rich from everyone else: research has shown they tend to exercise regularly, maintain a healthy diet, save 10%...
NNPC to build two new refineries
Nigerian National Petroleum Corporation has said it is in the process of establishing two new 200,000 barrels-per-day condensate refineries to boost in-country refining capacity. Unlike the conventional refineries, condensate refineries...
1. 4m Nigerians jostle for 5,000 vacancies in Civil Defence
Over 1.4 million Nigerians have applied for vacancies in Nigeria Security and Civil Defence Corps (NSCDC). But authorities of NSCDC confirmed that there were vacancies for only 5,000 personnel whose...
McDonald's CEO pushed out after relationship with employee
McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast...
Zenith Bank ignites Lagos with ‘Style by Zenith 2.0’
Following the success of the maiden edition, Nigeria’s leading financial institution, Zenith Bank Plc is set to ignite Lagos with the second edition of its highly anticipated Lifestyle Fair, “Style...
You may have a well-paying job, but if you don't do this one thing, you'll never be rich
Jack Kelly One of the best career advice tips I have to offer you has nothing to do with your job. You can have the best job in the world...
ENL Consortium responds to Makinde’s stoppage of N67bn Ibadan project
PRESS RELEASE The attention of ENL Consortium Ltd has been drawn to various reports in the news media suggesting that ENL Consortium Limited was paid N67 billion by Oyo State...
Google buys Fitbit for $2.1 billion
Google, the company that helped make it fun to just sit around surfing the web, is jumping into the fitness-tracker business with both feet, buying Fitbit for about $2.1 billion....
While crude oil is produced in other countries for less than $10 per barrel, it is more than $35 in Nigeria - Minister
Nigeria must do all within its powers to reduce the cost of crude oil production to help boost revenue generation for economic growth and national development, Minister of State for...
Nigerians are shunning payment via POS in supermarkets, fuel stations, others. This is why
More Nigerians are now shunning transactions via Point of Sales (PoS) terminals; owing to the implementation of a ₦50 additional charge by merchants, as imposed by Central Bank of Nigeria...
Dangote says fuel from refinery will be transported by road, sea
The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and will effectively replace all of the country’s fuel imports once...
24-year old becomes billionaire overnight
He's 24 years old. He parties with Rihanna and Bella Hadid. He watches basketball games with Yao Ming. And on Tuesday, he became a billionaire. Eric Tse, who recently graduated...
Zenith Bank reaffirms market dominance, leadership with Q3 2019 results
PRESS RELEASE Zenith Bank Plc has announced its unaudited results for the period ended 30 September, 2019, with numbers that clearly demonstrates its market dominance and leadership. From the unaudited...
Bank MDs disclaim MTN on proposed USSD charges
PRESS RELEASE Our attention has been drawn to SMS sent on Saturday 19th October by MTN Nigeria Communications PLC(“MTN”) to customers of banks in Nigeria in respect of the above....