Supermarkets in Jos, the capital of Plateau State have been observed to be operating without price tags on their products, raising issues of transparency and consumer rights. The absence of price tags has left shoppers perplexed, as they are unable to ascertain the prices of items until they reach the […]

The Federal Government has unveiled plans to launch a multipurpose national identity card. The identity solution would provide payment capability for all social and financial services. According to a statement, the initiative is a collaboration between the National Identity Management Commission (NIMC), the Central Bank of Nigeria (CBN), and the […]

Geometric Power Limited, operators of the independent power plant in Osisioma area of Aba, the commercial hub of Abia State, says it has completed the synchronisation of its turbines to the national grid, which was done between April 3 to April 7, 2024. Synchronidation in lay man’s terms means alignment, […]

Nigerian banking group FBN Holdings plans to seek shareholder approval this month to raise up to 300 billion naira ($241 million) through a public share offering or private share sale in Nigeria or abroad, it said in a notice on Monday. The holding company, which owns First Bank, one of Nigeria’s top […]

The Association of Foreign Airlines and Representatives in Nigeria (AFARN) has debunked reports implying that foreign airlines in Nigeria reduced fares because of Air Peace’s debut flight to London. Kingsley Nwokoma, the president of AFARN told BusinessDay that fares reduction on the London route and other destinations is not because of competition […]

The prices of gadgets have begun to fall on the back of the naira’s recent gains against the dollar and other major currencies, according to a market survey by BusinessDay. Nigeria’s currency has rallied in recent weeks after falling to record lows in January and February. It closed at N1,255.07/$ […]

The country’s exports of so-called sour crude — the heavy, dense kind that many refineries are designed to process — now stand to shrink even further as state-controlled oil company Pemex has canceled some supply contracts to foreign refiners, Bloomberg News reported last week. That decision has roiled oil markets […]

Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa has made a significant investment in the Ethiopian Securities Exchange (ESX), sources close to this development told BusinessDay. This pivotal move not only marks NGX Group’s entry into East Africa but also underscores its commitment to […]

Nigeria’s federal government has declared Tuesday, April 9, and Wednesday, April 10, 2024 as holidays to mark this year’s Eid-el-Fitr celebrations. Olubunmi Tunji-Ojo, the minister of interior, made the declaration on behalf of the federal government in a statement on Sunday signed by the ministry’s Permanent Secretary, Aishetu Ndayako. The minister […]

Former Vice President Atiku Abubakar on Sunday faulted President Bola Ahmed Tinubu administration on the 700km Lagos -Calabar coastal road project, saying that the project “again inadvertently revealed its penchant for dubious and shady deals. Atiku who recalled how the project was first awarded by the former President Goodluck Jonathan […]