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Why Are People Calling Bitcoin a Religion?

March 5, 2022 Omoniyi Osadare 0

(The Conversation) — Read enough about Bitcoin, and you’ll inevitably come across people who refer to the cryptocurrency as a religion. In Austin, Texas, there are billboards with slogans like “Crypto Is Real” that weirdly mirror the […]

Business

CRIN, NEPC Train Cocoa Farmers On Good Agric Practices

February 28, 2022 Omoniyi Osadare 0

The Cocoa Research Institute of Nigeria (CRIN), in collaboration with the Nigerian Export Promotion Council (NEPC), has organised a training workshop for cocoa farmers on best agricultural practices and the use of pesticides on cocoa. […]

cryptocurrency
Business

Crypto Market Loses $250bn In Hours As Russia Attacks Ukraine

February 24, 2022 Omoniyi Osadare 0

The value of the cryptocurrency market has fallen by $250 billion in a few hours after Russian forces launched an attack on Ukraine early Thursday morning. In a televised speech, Russian President Vladimir Putin announced […]

Business

TradeDepot Acquires Accra-Based Green Lion To Accelerate Expansion

February 24, 2022 Omoniyi Osadare 0

Nigerian startup, TradeDepot, says it has acquired Green Lion, a B2B eCommerce firm in Ghana, to accelerate the delivery of its services across Africa. The company said this in a statement made available to TheCable […]

Business

Kerosene Price Declines By 6.60% In January – NBS

February 21, 2022 Omoniyi Osadare 0

The National Bureau of Statistics (NBS) has said the average retail price of Household Kerosene fell by 6.60% in January 2022. It noted that the price declined from N467.97 in December to N437.11 in January. […]

Banking

Most Valuable Commercial Banks In Nigeria As of January 2022

February 5, 2022 Omoniyi Osadare 0

Zenith Bank, GT Bank, and Stanbic IBTC Holdings retained the top spot for most valuable commercial banks in Nigeria as of the end of January 2022, as the market capitalization for the thirteen listed Nigerian […]

Business

Airtel Africa Surpasses Dangote Cement As Most Capitalised Company on NGX By Bunmi Aduloju

January 29, 2022 Omoniyi Osadare 0

Airtel Africa, a multinational telecommunications company, has surpassed Dangote Cement to become the most capitalised company listed on the Nigerian Exchange Limited (NGX). For the first time, Airtel Africa hit an all-time high of N1,271 […]

Business

Dangote Cement, 17 Stocks Lead NGX N280 Billion Loss By Helen Oji

January 29, 2022 Omoniyi Osadare 0

Transactions on the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, occasioned by losses in shares of Dangote cement and 17 companies, causing market capitalisation to decline by N280 billion. At the close […]

Business

Theatrics Around Abuja Rice Pyramid By Gbenga Akinfenwa

January 24, 2022 Omoniyi Osadare 0

With the recent ‘exploits’ recorded in the rice sector, majority of Nigerians believe that the country doesn’t have any business importing the commodity to fill the huge demand gap. If the recent claim of the […]

Banking

UK Forces Airlines To Fly More As Economy Reopens By AFP

January 24, 2022 Omoniyi Osadare 0

Airlines must operate more flights in Britain this summer as demand recovers from the pandemic or lose lucrative take-off and landing slots, the UK government warned Monday. Carriers operating in Britain are currently using about […]

Business

CBN Releases e-Invoicing Guidelines For Import, Exports By Geoff Iyatse

January 24, 2022 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has released guidelines for the newly-introduced electronic invoicing (e-invoicing) and evaluator for exporters and importers, saying the process commences on February 1, 2022. The new regulation, it stated, is […]

Business

Economists, Stock Market Wait On Monetary Tools As MPC Meets

January 24, 2022 Omoniyi Osadare 0

All eyes will be on the Monetary Policy Committee (MPC) today, as it commences what many have described as a very significant meeting in Abuja amid concerns about rising prices and economic growth. Ahead of […]

Business

FIRS To Prioritise Digital Economy Taxation This Year By Joseph Chibueze

January 22, 2022 Omoniyi Osadare 0

The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this year. It added that it would deploy technological tools in assessing entities that fall within the […]

Business

Naira Depreciates As Banks Shift BTA/PTA Rates To N419 Per Dollar By Wasilat Azeez

January 19, 2022 Omoniyi Osadare 0

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from N413 to N419 per dollar. PTA and BTA are currency exchange […]

Aviation

Qatar Airways Launches Kano, Port Harcourt Operations

January 15, 2022 Omoniyi Osadare 0

Qatar Airways is boosting its service to Nigeria with the launch of four weekly flights to Kano and three weekly flights to Port Harcourt (PHC) from March 2022. The airline currently operates two daily flights […]

Aviation

Omicron Restrictions, Travel Protocols Stall Air Travel Recovery By Wole Oyebade

January 15, 2022 Omoniyi Osadare 0

The International Air Transport Association (IATA), yesterday, said the outbreak of Omicron variant, attendant border closures and other protocols stalled the industry recovery erstwhile recorded. The body, which represents over 290 airlines globally, noted that […]

Business

Cocoa Farmers To Unveil Good Practice Handbook, Emphasizes Quality By Femi Ibirogba

January 11, 2022 Omoniyi Osadare 0

To enhance productivity of members and boost contribution of cocoa to the gross domestic product (GDP) of the agricultural sector, the Cocoa Farmers Association of Nigeria (CFAN) has disclosed it will unveil good agricultural practice […]

Business

Airtel Africa, Oando Others Lead NGX N450 Billion Gain By Helen Oji

January 6, 2022 Omoniyi Osadare 0

Following gains recorded by many blue-chip companies, especially Airtel Africa and Oando, the equities market sustained a rising profile yesterday, as market capitalisation appreciated further by N450 billion. At the close of trading yesterday, the […]

Business

‘Development of Livestock Value Chain Will Save N30b Yearly’ By Femi Ibirogba

January 3, 2022 Omoniyi Osadare 0

RMRDC partners OAU on blood meal in animal feeds’ Despite the current 10 per cent local content in milk production in Nigeria and with the dogged resolve by relevant collaborators, the livestock subsector has a […]

Business

Naira Drops To N570/$1 at Parallel Market Amid High FX Demand

December 30, 2021 Omoniyi Osadare 0

Nigerian naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season. This is a drop of N5 or 0.9 percent from the N565 […]

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