Category: BUSINESS
Tesla Vehicle Becomes Best-Selling Vehicle In China, Norway
The Tesla electric vehicle, Model Y, has become the best-selling in China and Norway in March 2025. Elon Musk, the billionaire owner of Tesla, confirmed this in a separate X statement on Wednesday. According to data on the revamped Model Y, performance showed that 43,370 units of the car were sold in March 2025 to…
EFCC Declares Popular Business Mogul Wanted For Alleged Criminal Conspiracy
The Economic and Financial Crimes Commission (EFCC) has declared businesswoman and managing director/CEO of Felak Concept Group, Aisha Achimugu, wanted. In a post on its social media pages on Friday, the Commission said Achimugu is wanted for alleged criminal conspiracy and money laundering. The post signed by EFCC’s Head of Media and Publicity, the Commission…
Naira Becoming The Most Unpredictable Currency In The World – BDC Operators
Bureau De Change (BDC) Operators, under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON), have revealed that the naira is fast becoming the most unpredictable currency in the world. They noted that the local currency has in recent times been going through an inconsistent journey and has been greatly affected…
Industrialization Tops Agenda As Oyo Gov. Hosts Sierra Leone’s President In Ibadan
Oyo State governor, ‘Seyi Makinde, will on Monday receive the President of the Republic of Sierra Leone, Julius Maada Bio, in Ibadan, the Oyo State capital. President Bio is billed to, among other activities, pay an inspection visit to the Fasola Agribusiness Industrial Hub, Oyo. The governor expressed his pleasantries to President Bio and his…
Musk’s DOGE Advocates Access To US Tax System – Reports
Multiple reports from the US have it that Elon Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans. Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to…
BREAKING: Binance Discontinues Operation in Nigeria
Amid an ongoing regulatory conflict in Nigeria, Binance has announced the discontinuation of all services involving the country’s fiat currency, the naira. Starting March 8 at 8:00 a.m. UTC, Binance will automatically convert naira balances to USDT. However, NGN deposits will no longer be supported after 14:00 UTC today, and withdrawals will cease after March…
Again, Naira Hits N1,825 to Dollar Despite EFCC Rescue Attempt
Tuesday saw the naira plummet further, reaching N1,825 against the dollar, despite the Economic Financial Crimes Commission’s (EFCC) efforts to disrupt the activities of suspected manipulators and speculators. It was reported on Monday about the EFCC’s raid on the prominent Abuja Zone 4 market, where they fired shots at Bureau De Change operators in an…
It’s Now Difficult for Many Nigerians to Afford Beer—NB CEO
During the investor call held on Monday to discuss Nigerian Breweries (NB) Plc’s 2023 results, Hans Essaadi, the Chief Executive Officer, remarked that the economic conditions in Nigeria have worsened to the point where citizens are unable to purchase beer. “It has been unprecedented year for our business in Nigeria. We saw a significant decline…
Naira Depreciates in Parallel Market, Gains Strength in Official Window
The Nigerian naira gained strength at the official forex window on Monday, following reassurances from Olayemi Cardoso, the Governor of the Central Bank of Nigeria, about the institution’s efforts to address currency volatility. According to data from the FMDQ, the local currency appreciated by 1.09 percent, closing at 1,419.86 naira per dollar at the official…
Seyi Tinubu Wants to Hijack My Legally Acquired Land—Lagos Real Estate Mogul Cries Out
Abu Abel Egbarin, a prominent figure in Lagos real estate, has sounded the alarm regarding an alleged bid by Seyi Tinubu to forcefully seize his legally acquired land. In a widely circulated video on various platforms, Egbarin asserted that the Lagos State Government had instructed carpenters to enclose the disputed property and hand over the…
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