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Business

Dangote Refinery has announced the reducing of ex-depot (gantry) price of petrol by N65.00, lowering it from N890 to N825 per litre. This change will take effect on February 27, 2025.
Business

Dangote Refinery has announced the…

ByByMax NwogboFeb 27, 2025
Hong Kong’s Stock Connect must upgrade to lure more foreign investors, industry body says.
Business

Hong Kong’s Stock Connect must…

ByByMax NwogboFeb 26, 2025
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Business

The 25 Biggest Brands That…

ByByMax NwogboFeb 25, 2025
19 Self-Made Billionaires Who Went From Rags To Riches.
Business

19 Self-Made Billionaires Who Went…

ByByMax NwogboFeb 22, 2025
African Development Banks inks agreement with Mauritania to improve livestock sector.
Business

African Development Banks inks agreement…

ByByMax NwogboFeb 21, 2025
Recent reports indicate that U.S. President Donald Trump plans to impose a 25% tariff on automobile imports, a move that could have significant global repercussions. While the primary targets of these tariffs are countries exporting vehicles to the U.S., such as Canada, Mexico, and Germany, the ripple effects may extend to markets like Nigeria. Potential Impact on Vehicle Prices in Nigeria: Increased Import Costs: Nigeria imports a substantial number of used vehicles, commonly known as "Tokunbo" cars, from the U.S. With the proposed tariffs potentially increasing vehicle prices in the U.S., Nigerian importers may face higher acquisition costs, which could be passed on to consumers. Supply Chain Disruptions: The global automotive supply chain is highly interconnected. Tariffs may lead to production adjustments by manufacturers, affecting vehicle availability and prices in various markets, including Nigeria. Currency Fluctuations: Trade tensions can lead to currency volatility. For Nigeria, which relies on the U.S. dollar for international transactions, a stronger dollar could make imports more expensive. It's important to note that while these tariffs are aimed at imports into the U.S., the interconnected nature of global trade means that markets worldwide, including Nigeria, could experience indirect effects. Stakeholders in Nigeria's automotive industry should monitor these developments closely to assess and mitigate potential impacts. Global Reactions to Proposed U.S. Auto Tariffs
Business

BREAKING NEWS: Vehicle prices in…

ByByMax NwogboFeb 20, 2025
Nigeria's new ATM charges as a backward step into the banking halls.
Business

Nigeria’s new ATM charges as a backward step into the banking halls.

New ATM Charges: A Backward Step into the Banking Halls The recent introduction of new ATM charges by…

ByByMax NwogboMar 4, 2025
Multi-million business Co-owned by Quiver Lounge boss Peter Mbugua, SportPesa CEO Ronald Karauri.
Business

Multi-million business Co-owned by Quiver Lounge boss Peter Mbugua, SportPesa CEO Ronald Karauri.

Peter Mbugua, owner of Quiver Lounge & Grill, and Ronald Karauri, CEO of SportPesa, co-own Definite Assurance Company…

ByByMax NwogboMar 3, 2025
BREAKING: CBN retains 27.5% interest rate.
Business

BREAKING: CBN retains 27.5% interest rate.

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5%, keeping interest rates…

ByByMax NwogboFeb 20, 2025
That’s an interesting trend—corporate bond issuance increasing despite rising economic risks suggests that companies are trying to secure funding while they still can, possibly before borrowing costs rise further. It could also indicate that investors are still willing to take on risk, expecting strong returns. Are there any specific sectors driving this surge in bond issuance? And are we seeing a shift toward higher yields to compensate for the risks?
Business

Corporate bond issuance grows along with economic risks.

That’s an interesting trend—corporate bond issuance increasing despite rising economic risks suggests that companies are trying to secure…

ByByMax NwogboFeb 19, 2025
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10 SMALL BUSINESS TIPS.
Business

10 SMALL BUSINESS TIPS.

10 Small Business Tips for Success Starting and running a small business can be challenging, but with the…

ByByMax NwogboMar 5, 2025
Warren Buffett breaks silence on Trump's tariff plans: 'An act of war'
Business

Warren Buffett breaks silence on Trump’s tariff plans: ‘An act of war’

Renowned investor Warren Buffett has publicly criticized President Trump’s recent decision to impose tariffs on imports from Canada,…

ByByMax NwogboMar 5, 2025

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EFCC PRESS RELEASE
JUST IN: The Abia State government has directed that History be made compulsory in secondary schools across the state with immediate effect.
BREAKING: Nnamdi Kanu Files Two Suits Against Violation Of His Rights, Demands Transfer Of Case To South-East, Speedy Trial, N100billion Damages.
Prediction of the Day.
BREAKING: The US Citizenship and Immigration Services (USCIS) has proposed a new rule requiring applicants for green cards and US visas to disclose their social media handles.
You said: The price of PMS might decrease even more due to the decline in crude oil prices. Economist suggests, given the present market conditions, the price ought to be reduced to less than N700 per litter.
“If war is what US wants, be it tariff, trade or any other, we’re ready to fight” : China.
Senator Akpabio kissing provokes Natasha.
DOGE slashes entire government agency to just ONE staff member.