Business

The rhythm of Nigeria's business world
The Nigerian naira is in trouble, heading for its most significant four-day decline since January's devaluation. It plummeted 5.3% against the dollar on Tuesday, wiping out earlier gains. Despite being the top-performing currency by Bloomberg's standards, it's facing a liquidity crisis...
KPMG, one of the UK's largest graduate employers, has revoked job offers for some foreign graduates following the government's tightening of visa rules for overseas workers. The firm cited the government's decision to raise the minimum salary required to sponsor a skilled worker visa in the UK...
The Association of Bureau De Change Operators of Nigeria (ABCON), represented by its president Aminu Gwadabe, has raised concerns over the impact of Binance-like platforms on the depreciation of the Nigerian Naira. In an interview in Abuja, Gwadabe emphasized the commitment of BDC operators to...
As Multichoice prepares to implement a substantial subscription increase for its DStv and GOtv services, subscribers are gearing up for the impact on their wallets. Effective May 1st, users will experience an approximate 25% surge in their subscription fees, prompting widespread frustration...
Multichoice's announcement of a price adjustment on its DStv and GOtv packages, effective from May 1, 2024, has stirred reactions from Nigerians. The planned increase, reported to be about 25%, has sparked frustration among subscribers who are already grappling with economic challenges. Many...
The Philippines Securities and Exchange Commission (SEC) has directed tech giants Apple and Google to remove Binance's app from their app stores in the Philippines due to security concerns. The SEC stated that Binance's operations pose a threat to the security of Filipino investors, citing...
Festus Keyamo, the Minister of Aviation and Aerospace Development, has issued a directive to the Nigeria Civil Aviation Authority (NCAA) to suspend Dana Air following recent incidents that raised concerns about the safety and financial viability of the airline's operations. In a letter from...
The Federal Airports Authority of Nigeria (FAAN) has announced the reopening of runway 18L/36R at the Murtala Mohammed Airport in Lagos following the recent incident involving a Dana Air plane. The runway was temporarily closed after the aircraft skidded off it during landing. FAAN's Director...
The Economic and Financial Crimes Commission (EFCC) has taken decisive action by freezing 300 illegal forex trading accounts. This revelation came during an interactive session with journalists in Abuja on Tuesday, April 23, 2024, as disclosed by EFCC Chairman, Ola Olukoyede. The targeted...
Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...
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