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Business Business, Finance & Economics News 10 — 04 rashyman

‘Japa’: Youths Need Capitals Not ₦10,000 Freebies, Says AfDB’s Adesina

The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa’s youth bulge is a demographic asset that has to become an economic asset through rigorous investment in human capital development and financing. The former Nigerian agriculture minister said youths in Nigeria…
Business Business, Finance & Economics News 9 — 04 rashyman

BREAKING: FG confirms continuation of crude, refined product sales in Naira initiative

The Federal Government has confirmed the crude and refined product sales in Naira initiative remains a standing national policy and will continue indefinitely. However, the policy will stay in place as long as it serves the public interest and supports Nigeria’s broader economic…
Business Business, Finance & Economics 8 — 04 rashyman

VIDEO: Nigeria’s Inflation To Rise, Trump May Reverse Tariffs — Rewane 

Economist Bismarck Rewane says the recent increase in the price of petrol may cause a rise in Nigeria’s inflation rate from 23.18%.  “There might be an increase in the rate of inflation because of the increase in the price of petrol but we…
Business Business, Finance & Economics US Media World 8 — 04 rashyman

EU Tariff Proposal Very Bad To US, Says Trump

US President Donald Trump said Monday the European Union’s proposal for an exemption from tariffs on industrial products, including cars, is not enough to account for the transatlantic trade deficit. “The European Union has been very, very bad to us, they don’t take…
Business Business, Finance & Economics 8 — 04 rashyman

Elon Musk’s Net Worth Drops Below $300b

Elon Musk’s net worth has fallen below $300 billion. According to the Bloomberg Billionaires Index, Musk lost an estimated $4.4 billion on Monday as Tesla shares tumbled alongside the broader global sell-off. The electric vehicle company’s decline contributed to a total wipeout of…
Business, Finance & Economics Celebrity 7 — 04 rashyman

Portable announces collaboration with Odumodublvck, receives N5m support

Street pop sensation Portable has revealed that he is teaming up with rap star Odumodublvck for an upcoming music collaboration. The singer announced on his Instagram page, disclosing that Odumodublvck not only initiated the project but also sent him N5 million in support…
Business Business, Finance & Economics 7 — 04 rashyman

US tariff: CBN intervenes with $197.71m as oil prices drop

Crude oil prices have weakened, declining by over 12% to approximately $65.50 per barrel, following sweeping trade tariffs imposed by President Donald Trump on several countries. Oil had traded above $70 per barrel before the tariffs were announced. According to OPEC Secretariat calculations,…
Business Business, Finance & Economics News 3 — 04 rashyman

Circular Introducing New ₦5,000, ₦10,000 Notes Is Fake — CBN

The Central Bank of Nigeria (CBN) has disowned a circular claiming it has introduced two new denominations—N5,000 and N10,000 notes. The apex bank described the circular as “fake” in a statement via its official handle on X (formerly Twitter). The alleged circular said…
Business Business, Finance & Economics News 27 — 03 rashyman

Petrol Landing Cost Jumps By ₦88/Ltr In One Week — Oil Marketers

Data obtained by the Major Energies Marketers Association of Nigeria (MOMAN) on Wednesday indicated that the landing cost of a litre of imported petrol increased by ₦88 in one week. The association confirmed the rise in the landing cost in its daily energy…
Business Business, Finance & Economics 24 — 03 rashyman

Bitcoin hits $87 as crypto prices rise

Bitcoin and major cryptocurrencies saw significant gains in Monday’s early trading, with Bitcoin reaching approximately $87,480. This represents a 3.71% increase. Ethereum also experienced a notable rise, climbing 4.05% to trade at $2,093. The overall cryptocurrency market capitalization increased by 2.94% over the…

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