Business

Nigeria: Cash Withdrawals from Public Accounts Will Be Treated as Money Laundering Offence from March

Payment of estacode, overseas allowances to civil, public servants in cash has also been outlawed.

2 years ago

NAHCO Begins Investigation, Suspends Personnel over Damage to Air Peace Aircraft

NAHCO staff drove equipment and rammed it on the aircraft, an Airbus A320 which has since been grounded.

2 years ago

Amazon to Cut More Than 18,000 Jobs, CEO Says

The job-slashing plan is the largest among recent workforce reductions that have impacted the once-unassailable US tech sector

2 years ago

NUPRC to Licence Holders: Disclose Full Ownership of Firms Operating in Nigeria’s Oil, Gas Sector

It stated that those to be affected by the notice included persons with significant control of at least five per…

2 years ago

Nigeria Doesn’t Have Resources to Pre-empt Illegal Mining Activities, Minister Says

He says the sector now contributes N10bn to Nigeria's economy.

2 years ago

Air Peace Airlifts 55 Million Passengers in 8 Years, Plans More Routes in 2023

The airline recorded a passenger load of 52,859 in its launch year. In 2022, it airlifted 14,103,018 passengers.

2 years ago

Pollsters Predict $89.37 Per Barrel Oil Price in 2023

If the forecast is spot on, it means Nigeria may be able to save about $15 per barrel in its…

2 years ago

27 Days to Retirement of Old Naira Notes, Analysts Urge CBN to Intensify Awareness

They say new banknotes are scarce and facing rejection by market women, rural communities.

2 years ago

‘Party Capital’ Dubai Scraps 30% Alcohol Tax and Licence Fee in Bid to Boost Tourism

It is not clear if the move, which took effect on Sunday, will be permanent.

2 years ago

Bloomberg: How World’s Wealthiest Billionaires Lost $1.9trn in 2022

Elon Musk emerges first person in history to lose $200bn.

2 years ago