Transaction fees, otherwise known as gas fees in the cryptocurrency space on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. However,…
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Category: Business
BRT risk losing N18 million per day of suspended operations
The operators of Bus Rapid Transit (BRT), Primero Transport Services (PTS) lost about N18 million on Tuesday alone when it suspended its operations across Lagos…
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5G: Telcos mull phased rollout, fear consumers’ weak purchasing power
TELECOMMUNICATION companies may delay the commercial rollout of fifth-generation technology due to the weak purchasing power of their customers as a result of inflation. In…
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CAC disowns firm awarded $214.8m contract, Reps summon officials
The Corporate Affairs Commission has told the House of Representatives’ Committee on Navy that HSL International Limited, the firm the Federal Government awarded the Deep…
View More CAC disowns firm awarded $214.8m contract, Reps summon officials
Air Peace, Ibom Air, others to delay flights, as aviation fuel hits N599/litre
Air Peace Airline, Arik Air, Ibom Air and others airlines are expected to delay or cancel some of their flights from today, as Jet A1,…
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Oil and gas companies’ debts to FG hits N1.32 trillion – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that companies’ liabilities to the Federation as of December 31st 2020 was at N1.32 trillion or…
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Reps knock FERMA over deplorable roads, crashes
THE House of Representatives has resolved to investigate the Federal Road Maintenance Agency over the bad state of roads across the country, leading to accidents…
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Local insurers lose $60m yearly to foreign vessels – Expert
AN Executive Partner, Alfam Insurance Plc, Gbolaham Adu, has said indigenous insurance companies lose about $60m of potential annual revenue to their foreign counterparts. According…
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Crude oil price: MAN warns of hyper inflation, subsidy hits N400, diesel, 625
The rising prices of crude since the Russia-Ukraine war began, coupled with exchange rate instability in Nigeria, among others, have pushed up the prices of…
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Nigerian bourse close flat as broad market capitalization loses N3 billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 1 basis point. The NGX ASI…
View More Nigerian bourse close flat as broad market capitalization loses N3 billion