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Cement Prices Should Be N10,000 Per Bag Due to Naira Devaluation, Says Abdul Samad Rabiu
Abdul Samad Rabiu, the chairman of BUA Cement, believes the price of cement should be around N10,000 per bag due to the falling value of the naira.
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Business
World Bank Prohibits Two Nigerians and One Firm for Corruption and Fraud in March 2024
In March 2024, the World Bank banned two Nigerian people and one Nigerian company because they did bad things like lying and cheating.This information is from the World Bank’s website, where they list people and companies who cannot work...
Business
IRCC Extends Permanent Residency Invitations to 3,300 Candidates in Latest Express Entry Draw
The Immigration, Refugees, and Citizenship Canada (IRCC) has sent out 3,300 invitations to people who want to live in Canada forever in the latest Express Entry draw.
Express Entry is an online system the Canadian government...
Business
Nigerians Paid N1.04 Billion in Ransom to Kidnappers in a Single Year – Report
Nigerians paid a lot of money to kidnappers, about N1.048 billion, between July 2023 and June 2024, according to a report by SBM Intelligence.The report, called "Grim Reaping," said that kidnappers asked for about N10.99 billion in ransom but...
Business
Four Arrested in $1 Million Fraud Scheme for Posing as EFCC Chairman Olukoyede
The Economic and Financial Crimes Commission (EFCC) has arrested four people pretending to be its Chairman, Mr. Ola Olukoyede, and trying to cheat someone out of $1 million.The arrests happened on Wednesday. This is a big step by the...
Business
Canada Discontinues Policy Allowing Visitors to Obtain Work Permits
Immigration, Refugees, and Citizenship Canada (IRCC) has stopped a special rule that let visitors apply for work permits while staying inside Canada.This rule was supposed to last until February 28, 2025, but it will now end early, on August...
Business
Abuja Industrial Park Set to Create 40,000 Jobs and Bolster Nigeria’s Economy, Says Wike
Mr. Nyesom Wike, the Minister of the Federal Capital Territory (FCT), said the new Abuja Industrial Park will bring 40,000 jobs and help Nigeria's economy grow. This park is being built by Zeberced Group.
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Business
How Nigerian Lawmakers Can Uphold the Supreme Court’s Judgment on Local Government Autonomy – Iziyon
Dr. Alex Izinyon, a top lawyer in Nigeria, has shared how Nigeria’s National Assembly can help make a big Supreme Court decision real about local government autonomy and LGA funds. On August 28, 2024, he shared his thoughts with...
Business
Interpol Arrests 300 Individuals Linked to Nigerian-founded Black Axe Confraternity
A big action by Interpol has led to the arrest of 300 people connected to the Black Axe, a crime group that started in Nigeria but now operates worldwide. According to the BBC, these arrests happened during Interpol's Operation Jackal...
Business
Nigeria Leads West African Freight at Antwerp Port with 6 Million Tonnes
Nigeria is the biggest helper for the Port of Antwerp in West Africa. They move over 6 million tonnes of goods every year. This shows that Nigeria and the Port of Antwerp have strong trade ties. Nigeria is very important...
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Currency Outside Banks Increases as N1.6 Trillion Exits Bank Vaults in One Year
The Central Bank of Nigeria (CBN) recently shared some interesting numbers. These numbers show that people are keeping a...