Business

Supreme Court Grants Complete Financial Independence to All 774 Local Government Areas

The top court in Nigeria has decided that all 774 local government areas (LGAs) should have their own money to spend. This decision was made on July 11, 2024.A group of seven judges, led by Judge Garba Lawal, gave...

CBN License Revocation: CAC Orders 4,173 BDCs to Change Name or Face Dissolution

The Corporate Affairs Commission (CAC) wants 4,173 Bureau De Change companies to change their names. This is because the Central Bank of Nigeria (CBN) took away their licenses. They have three months to do this.If these companies don't change...

Ayra Starr and Tems Emerge as Nigeria’s Top-Streamed Artists Globally in 2024 – Spotify

Nigerian music stars Ayra Starr and Tems are the most played Nigerian artists worldwide on Spotify for the first half of 2024. This was announced by Phiona Okumu, Spotify’s Head of Music for Sub-Saharan Africa, in Lagos. Spotify’s Global Impact...

Muri & Ko Surpasses N100 Million at Nigerian Box Office

The Nollywood movie “Muri and Ko” has made over N100 million from ticket sales in Nigeria. Filmoneng, a big movie company in West Africa, reported this on Monday, June 8, 2024. The movie came out...

Complete List: NELFUND Approves Student Loan Applications for 12 Additional State-Owned Colleges

The Nigerian Education Loan Fund (NELFUND) has good news! On Wednesday, July 10, 2024, they added 12 more state-owned schools to the list where students can apply for loans.Nasir Ayitogo, the spokesperson for NELFUND, shared this happy news on...

Senate Proposes Boosting Gold’s Share of Foreign Reserves to 30%

Sure! Here's a simpler version of the blog post for better understanding: Nigeria's Senate is thinking about a new rule to make more gold part of its saving money from 4% to 30%. This is to make the...

India’s Wealthiest Family Shelled Out $10 Million for Justin Bieber’s Pre-Wedding Performance

Canadian singer Justin Bieber recently performed at a big fancy wedding for the Ambani family in India.Mukesh Ambani, the richest man in India, hired Bieber to sing at his son Anant Ambani's wedding to Radhika Merchant. Reports say they...

Australia raises minimum wage to $915 per week for lowest earners

Australia's Fair Work Commission has raised the minimum wage to $915.90 per week. This change started on July 1, 2024. The new minimum wage is 3.75% higher, making it $24.10 per hour. This change helps workers in Australia get paid...

Apapa Customs Achieves 143% Revenue Surge in H1 2024 Despite Reduced Trade Volume

The Nigeria Customs Service (NCS) collected N1.02 trillion at its Apapa Area Command in the first half of this year. This is a big increase of 143% compared to the same time last year. The Customs...

EU to Eliminate Passport Stamps at Airports, Introduces Biometric Screening for Nigerians and Other Travelers

The European Union (EU) airports are getting ready for a new system called the European Entry-Exit System (EES). This system will start in October 2024 for people who are not from the EU. With this new system, airports will...

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Banks await CBN clearance as audit delays leave investors without key earnings data

Investors in some of Nigeria's largest listed banks are facing a growing information gap as delays in the completion...