Home / Business

Business

Breaking DSTV’s monopoly on PayTv in Nigeria

A monopoly that many Nigerians have struggled to understand or entrepreneurs have battled to break is that of DSTV. It has, so far, defied nearly all competitions to dominate the PayTv industry in Nigeria. We can all recall how HiTV made a cameo attempt at shattering the monopoly. HiTV came …

Read More »

Nigeria’s economy has gone from recession to depression under Buhari – Analyst

It is very unfortunate to note that the Federal Government’s delay, reluctance, refusal or even neglect to settle its huge indebtedness to domestic economic agents, including contractors and others is one of the reasons the economy remains comatose and the suffering in the land remains excruciating. For obvious economic and …

Read More »

MMM Founder Writes Nigerian Government

Ponzi scheme company (MMM) founder, Sergey Mavrodi has allegedly written an open letter to the Federal Government of Nigeria explaining the benefits of the scheme. According to www.nan.ng the letter was displayed on the page of all participants of the Scheme. MMM has massively gained ground in Nigeria with millions …

Read More »

Clash of the Oil Titians

The two regional rivals are set to butt heads when the oil cartel OPEC meets in Vienna Thursday. Saudi Arabia has been pushing the group’s members to agree to an output freeze to push up prices, but Tehran has refused to participate. However, with prices having doubled to almost $50 …

Read More »

Tyupkin Malware Hacking ATM Machines Worldwide

Money is always a perfect motivation for cyber criminals who tries different tricks to solely target users with card skimmers that steal debit card numbers, but now the criminals are using specialized malware that targets ATM (Automated Teller Machine) systems to withdraw cash even without the need of a card. …

Read More »

Nigeria is headed for a ‘full-blown economic crisis’ – BusinessInsider UK

Nigeria’s economic crisis is getting worse. On Friday the Nigerian Bureau of Statistics revealed that the country’s economy shrank by 0.4% year-over-year in the first quarter — way worse than expected. Economists were expecting the country to grow by 1.8% year-over-year, according to the Bloomberg consensus. And now analysts aren’t …

Read More »

Market Capitalization Scoops N91billion on Sustained Upward Trajectory

Equity trading at the Nigerian stock market sustained a positive run on Thursday, May 19, to boost the market capitalization with N91 billion profits or 0.99 per cent, and closed at N9.283 trillion compared with N9.192 trillion it opened the market. At the close of the market, trading statistics by …

Read More »

CBN Raises N111billion In Treasury Bills At Higher Yields

Nigeria sold N110.93 billion naira ($557.44 million) worth of short-dated Treasury bills at an auction on Wednesday, May 18. The action generated higher yields than at the previous sales reflecting the sharp spike in inflation growth in the nation, The Central Bank data showed on Thursday, May 19. The apex …

Read More »

FG Set To Raise N105billion bonds On May 11

The Debt Management Office, DMO, on Wednesday, May 4, said the Federal Government plans to raise N105 billion in local currency denominated bonds on May 11, The office said it will sell N50 billion of a bond maturing in 2036, 40 billion of paper maturing in 2026 and 15 billion …

Read More »

Naira Slides Against Dollar At Parallel Market after Impressive Rally

The Naira closed the week in an abysmal performance against the dollar at the parallel market closing at N320 on Friday, February 26. The Naira lost N10 to a dollar from N310 exchanged on Thursday. At the official market, the Nigerian currency closed at N197 to the dollar. However, the …

Read More »

loading...