Tag Archives: Business Gist

“The President of the Russian Federation called (http://kremlin.ru/events/president/news/69927) to create a new international payment system based on blockchain and digital currencies V. Putin called for the creation of a new system of international settlements, independent of banks and third parties, ...

The Central Bank of Nigeria (CBN) says it’s received an overall total of N165 billion to date as it announced plans to introduce new naira notes and asked Nigerians to deposit all old notes in circulation.  This is made known by CBN’s ...

Such a statement was made in light of some Western countries pushing forward the idea of reducing the use of fossil fuels in Africa. At the same time, some African countries are asserting the right to develop their rich gas ...

The Nigerian Exchange Limited once again closed on a negative note with a loss of N5 billion due to sustained sell pressure.  The market performance indices, NGX All Share Index, depreciated by 0.02%. In the same vein, Market Capitalization declined by N5 ...

No fewer than 20 fish farmers in Ogun State have been hospitalised due to shock after losing N500 million investment to flooding. The colleagues of the fish farmers who operated in Ijebu-Ode, on Thursday, stormed the Governor’s Office in Abeokuta, ...

The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent. The new interest rate comes barely two months after the apex bank raised the interest rate to 13 per cent. This was disclosed by the ...

He Left the UK to Build the Biggest Drink Company in Nigeria is another episode of my promoting Africa series where I feature black entrepreneurs all across Africa who have built successful businesses and they tell us how they did ...

A giant ship’s engine broke down and no one could repair it, so they took it to a Mechanical Engineer with over 40 years of experience.He inspected the engine very carefully, from top to bottom. After seeing everything, the engineer ...

The dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer.Between June 2021, and June 2022, the dollar-to-naira exchange rate has risen ...

The Central Bank of Nigeria (CBN) has fined three banks a total of N800million for failing to comply with the directive to block customers from transacting in cryptocurrencies.Recall that in February 2021, the apex bank directed banks to close accounts of ...