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Tag: Dailytrust
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We can’t stabilise naira if smuggling continues – NSA
Categories: BusinessContinue Reading: We can’t stabilise naira if smuggling continues – NSAAs customs seize 500,000 litres of smuggled fuel worth N475m The National Security Adviser (NSA) Mal. Nuhu Ribadu has decried the rising trend of smuggling of petroleum products outside…
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FG imposes electronic levy on Opay, Moniepoint users, others
Categories: BusinessContinue Reading: FG imposes electronic levy on Opay, Moniepoint users, othersCustomers of financial technology (fintech) companies including Opay, Moniepoint and Kuda are grumbling over the implementation of the Electronic Money Transfer Levy (EMTL) on their transactions. The implementation which takes…
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FG imposes N50 transfer levy on transactions above N10,000 on Opay
Categories: BusinessContinue Reading: FG imposes N50 transfer levy on transactions above N10,000 on OpayThe federal government has imposed a one-time fee of N50 on electronic transfers exceeding N10,000 to personal and business accounts on Opay. In a notice to its customers on Saturday,…
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CBN sells $20,000 to BDCs at new rate as naira falls
Categories: BusinessContinue Reading: CBN sells $20,000 to BDCs at new rate as naira fallsThe Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureau De Change (BDCs) at the rate of N1,580 to a dollar. This is according…
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How sesame, melon farmers made fortunes in Taraba
Categories: AgricultureContinue Reading: How sesame, melon farmers made fortunes in TarabaSesame and melon farmers in Taraba State witnessed bumper harvest despite disruption in rainfall, which affected the growth of many crops. These two cash crops, it was learnt, were not…
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Dana Motors commissions full CNG buses
Categories: BusinessContinue Reading: Dana Motors commissions full CNG busesLeading Nigeria’s automotive industry, Dana Motors, has just announced the unveiling of fully CNG-powered buses assembled at its facility located at 118, Oshodi-Apapa Expressway, Isolo, Lagos, Nigeria. Jacky Hathiramani, Managing…
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ACCI, Afrexim to drive agric business innovation in Nigeria
Categories: BusinessContinue Reading: ACCI, Afrexim to drive agric business innovation in NigeriaThe Abuja Chamber of Commerce and Industry (ACCI) said it is collaborating with the African Export-Import Bank (Afrexim Bank) to foster agricultural innovation in the country. The ACCI in a…
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Nigeria’s power generation hits 5,313MW, first time in 3 years – Minister
Categories: BusinessContinue Reading: Nigeria’s power generation hits 5,313MW, first time in 3 years – MinisterNigeria’s power generation rose to a three-year high of 5,313mw on Monday, the Ministry of Power has said. This is contained in a statement issued by Mr Bolaji Tunji, Special…
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AfDB praises Saudi Arabia for billions of dollars of investment in Africa
Categories: BusinessContinue Reading: AfDB praises Saudi Arabia for billions of dollars of investment in AfricaThe president of the African Development Bank Group, Dr Akinwumi Adesina has praised Saudi Arabia for its generous “support, dedication and friendliness” to Africa where it is supporting a host…
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‘Food crisis may last longer than predicted’
Categories: AgricultureContinue Reading: ‘Food crisis may last longer than predicted’Akin Olotu, an agriculture expert, has warned that the current food crisis in the country may worsen in the months ahead if the administration of President Bola Ahmed Tinubu does…
