Wikirise
Business
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30Nigeria’s Defense Expenditure To Reach Us$3.8bn In 2026
Nigeria’s defense expenditure to reach US$3.8bn in 2026 driven by militant groups and rising piracy incidents, says GlobalData As one of the continent’s military powerhouses, Nigeria is seeking to strengthen and upgrade the capabilities of its armed forces between 2022 and 2026. Nigeria’s defense budget is expected to grow at...
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19Association Of BDC Operators Ask Dealers To Stop Hoarding Dollars
Bureau De Change operators enforce rules across Nigeria Central bank seeks to close forex arbitrage opportunities Nigeria’s authorized currency traders’ association is asking its members to sell their stock of dollars in an attempt to narrow the spread between spot and illegal market prices. The Association of Bureaux de Change...
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22Nigerians Paid More For Cooking Gas, Diesel, Kerosene & Petrol In May – NBS
The National Bureau of Statistics (NBS) said that the average price paid by consumers in Nigeria across major fuel types (Cooking Gas, Diesel, Kerosene and Petrol) increased month-on-month and year-on-year May 2021. However, the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased...
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28Emefiele Bribes, Silences Lawmakers With Bureau De Change Licences – Sahara R.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, is currently currying the favour of the National Assembly’s top echelon by awarding to them Bureau de Change licences. SaharaReporters learnt that principal and vocal members of the National Assembly have been awarded the licences by Emefiele so that they...
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8How to Implement a winning CRM Strategy for our Real Estate business
Customer Relationship is the building block of every business, and when you are in the real estate business, clients and your customer database are what your business is built on. If you don’t have an efficient CRM strategy, you might be setting your business up for some losses. Let us...
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Nigeria’s Rising Poverty Will Worsen Insecurity, Economic Instability – Experts
In separate interviews with The PUNCH, economic experts said the rising poverty level in Nigeria would have more adverse impacts on the economy and further worsen the security challenges in the country. They said the Federal Government’s figure on people lifted out of poverty was not reliable. An economist and...
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30FG Borrowed ₦1.3 Trn In Four Years To Subsidise Power Consumers – World Bank
FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said this in...
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38Court Convicts Bank PHB’s Francis Atuche, Ugo Anyanwu Of ₦25.7 Bilion Theft
A Lagos State High Court sitting in Ikeja on Wednesday sentenced the former Managing Director of defunct Bank PHB, Francis Atuche and a former Chief Financial Officer of the bank, Ugo Anyanwu to 126 years imprisonment for stealing a N25.7 billion theft belonging to the bank. The 3rd defendant, Anyanwu...
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13Akwa Ibom International Airport Terminal Taking Shape
UPDATE ON GOV EMMANUEL’S NEW INTERNATIONAL AIRPORT TERMINAL BUILDING Governor Udom Emmanuel’s vision of providing Akwa Ibom State with a world class Airport Smart Terminal Building is gradually coming alive. A visit to the ongoing project at the Victor Attah International Airport, shows the main imposing frame conspicuously taking shape....
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Seven Critical Gas Development Projects In Nigeria
The 7CGDP, which is said to be an integral leg of the NNPC’s gas development strategy, aims to bridge gas supply gap by 2020 and support 15GW of power generation for the country. NNPC group managing director Maikanti Baru said that the projects will bridge the estimated shortfall in gas...
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27Coca-Cola Loses $4 Billion As Ronaldo Removes Soft Drink To Endorse Water
Euro 2020: Coca Cola loses $4 billion as Cristiano Ronaldo removes soft drink bottles & endorses water. During a Euro 2020 conference, star player Cristiano Ronaldo removed the coca-cola bottles from in front of him and this had a rather negative impact on the soft drink brand. It appears to...
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27World Bank: Nigeria’s Growth Lags Africa As Inflation, Poverty, Crime Rises
Lack of credible monetary policy anchor stoking inflation Greater foreign-exchange flexibility needed to bolster growth Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as rising prices deplete already meager incomes, according to the World Bank. In its Nigeria Development...
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10How to Help a Small Online Business Make More Money
When it comes to business, many are striving for the same thing: finding more valued customers leading to more money coming in the door. There are plenty of ways to improve small businesses across the board, and some will affect your bottom line for the positive. Sometimes you need to...
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7Auwalu Sarki: Indigenous Firms Contribute 33% To Nigeria’s Crude Oil Reserves
The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves. This is as it has announced that Nigeria’s proven gas deposits have increased to 206.53 trillion...
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16₦720 Billion Subsidy Burden Presses Harder As Oil Price Sustains Rally
Aviation fuel to increase by 30 per centThere are indications that the Federal Government might face further revenue crisis after staking about N720 billion subsiding Premium Motor Spirit (popularly known as petrol) as crude oil price maintains its rising outlook at the international market. Brent, yesterday, sold for $73 per...
