Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO

According to Debt Management Office (DMO), Nigeria’s total public debt stock jumped year on year (y-o-y) by 15.64% to N33.11 trillion as at March 2021 (from N28.63 trillion as at March 2020).The... Read more »

Money Saving Tips For Those Fed Up Of Dipping Into Their Pockets For Their Car

Every car owner knows that even if they have a newer car model, it’s going to break down from time to time. However, it can become very frustrating when you’ve paid for... Read more »

How To Make The Retail Experience Better For Customers

When you are running a retail business, you need to make sure that you are always considering the customers’ needs first and foremost. As long as you think about the customer in... Read more »

Terrorism Financing: 180 BDC Operators Pay N900m Penalties To CBN

By Abdulaziz Abdulaziz, Chris Agabi & John C. Azu  At least 180 Bureau De Change (BDC) operators nabbed by security operatives for alleged link to terrorism financing paid N900 million in penalties... Read more »
Buhari china

Airport Concession Won’t Affect $500m China Loan Payment

The federal government has said the concession of four international airports would not affect the repayment of the $500 million loan taken from the China Exim Bank for the airports’ terminals. Akelicious... Read more »
NNPC LOGO

$40bn Investments Needed for Nigeria’s Gas Plan, Says NNPC

BY: Emmanuel Addeh The Nigerian National Petroleum Corporation (NNPC) has said that the Nigerian oil and gas industry will require at least $40 billion in direct investments in basic infrastructure to achieve... Read more »

Six Ways To Improve Your Financial Security

From time to time, we all struggle with our finances, whether that means you are paying off some kind of debt or finding it hard to cover all of your monthly expenses.... Read more »
Cryptocurrency

China Bans Financial, Payment Institutions from Cryptocurrency Business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. It was China’s latest attempt to clamp down on what... Read more »
Fuel Scarcity

Fuel Scarcity Looms As Oil Workers Threaten Nationwide Strike

The National Union of Petroleum and Natural Gas workers has threatened to go on nationwide strike if the Federal Government fails to caution Kaduna State Governor, Nasir El-Rufai, who has declared the... Read more »
Rochas Okorocha

Nigeria Can Make A Lot Of Money, Create One Million Jobs From Cattle Rearing – Rochas

Senator Rochas Okorocha (APC-Imo West) has stated that Nigeria can make a lot of money and create one million jobs from cattle rearing. Speaking on Channels TV Sunday Politics, the former Imo... Read more »
Oil-prices-dropped

Oil Prices Suffers Biggest Daily Drop In One Month

Oil prices dropped by almost three per cent yesterday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipeline eased some of the concerns... Read more »
cbn

Breaking: CBN Bans Nigerians From Depositing More Than 5k In Banks

Akelicious reports that some commercial banks, following the Central Bank of Nigeria’s (CBN) order have started sending new transfer limits to their customers. Emails sent to some customers seen by Akelicious show banks are informing... Read more »
Social-Media-Marketing

Social Media Marketing Should Be Your Go-To: Here’s Why!

Almost every small business is invested in the marketing strategies that they have in front of them for their products and services. It makes sense: without marketing, a business cannot get its... Read more »
Smart-Tips-For-A-More-Efficient-Business

Smart Tips For A More Efficient Business

Being efficient means achieving maximum productivity with minimum wasted effort. In business, being efficient is extremely important. Efficiency is the key to optimizing your business and getting the most out of it.... Read more »

E-Commerce Tips For Driving Repeat Sales Online

Right now the e-commerce industry is a roaring success. The pandemic combined with extra consumer disposable income is leading to a boom in sales which is bringing the future of shopping closer... Read more »

What’s Going Wrong In Your Business And How Can You Fix It?

Your business is your baby, and that’s why when things start to go wrong, it can feel like an absolute nightmare. But, you might not be able to see the problem because... Read more »
Prices Of Food

Sallah: Prices Of Food Items Rise In Kwara State

Prices of food items have gone up in major markets in Ilorin, the Kwara State capital as Muslims began to shop for the forthcoming Eid-el- Fitr celebration. A market survey conducted by Akelicious revealed... Read more »

Business Headaches And What To Do About Them

It would be amazing to think that every day of our business lives will be joyous and drive us forward. However, as you probably know by now as a business owner, that... Read more »
NBS

Nigeria Earned N496bn From VAT In 3 Months — NBS

The federal government’s Value Added Tax (VAT) collections rose to N496.39 billion in the first quarter of 2021 from the N454.69bn realised in the fourth quarter of 2020, according to the National... Read more »
Godwin Emefiele

COVID-19: Healthcare, Pharmaceuticals Get N84bn From CBN

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said the bank has disbursed N83.9 billion to pharmaceutical companies and healthcare practitioners nationwide to cushion the effects of the COVID-19... Read more »
Nigerian Civil Aviation Authority

International Flights Resume At P/Harcourt Airport

The Nigerian Civil Aviation Authority (NCAA) has announced the immediate resumption of international flights at the Port Harcourt International Airport, River State. The agency, however, said the resumption of international flights at... Read more »

10 Reasons Why Outsourcing Is Outstanding For Your Business

When it comes to business, it’s easy to think that you have to be able to do everything yourself. In some cases, you will want to. As you first get started, you’ll... Read more »

Trade & Industries Minister Adebayo Reverses Earlier Directive On Sugar Importation From Free Trade Zones Into Nigeria

Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibiting the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment,... Read more »

Tech Startups Critical To Economy — Osibanjo

Vice President Yemi Osibanjo has said the startup ecosystem is one of the vital tools in finding solutions to Nigeria’s economic challenges. Osinbajo said tech startups will determine if Nigeria’s future as... Read more »
Thinking Of Starting Up A Trade Business

Thinking Of Starting Up A Trade Business

At some point in our lives, it’s pretty common to consider the idea of starting up your own business. It’s an appealing idea, betting everything on yourself and being your own boss;... Read more »

NEW MOBILE APP FOR INSTANT CRYPTOCURRENCY EXCHANGE DEBUTS IN LAGOS

A new mobile app that allows instant exchange of crypto currency with the naira and other currencies in the globe has debuted in Lagos, courtesy of Tradefada Nigeria Limited. This, according to... Read more »

NERC To Consider Changes In Inflation, Exchange Rate & Gas Prices As It Reviews

In the just concluded week, the Nigerian Electricity Regulatory Commission (NERC) indicated its readiness to conclude the Extraordinary Tariff Review process for the 11 Distribution companies (DisCos) and commence the processes for... Read more »
CBN Fund

N120bn CBN Fund: Consumers Want Meters, Improved Power Supply

Power consumers and power sector experts have tasked the 11 power Distribution Companies (DisCos) on accelerating meter installations for the over eight million customers while improving power supply by enhancing their networks.... Read more »
power-generating-companies-in-nigeria

Buhari Govt To Sell Five Power Generating Companies

The Bureau of Public Enterprises (BPE) on Sunday announced its decision to sell the five power generation companies constructed under National Integrated Power Project (NIPP). Akelicious reports that this was made known by... Read more »
FirstBank and cbn

FirstBank Crisis Worsens As CBN Sacks Oba Otudeko, Awosika, Reinstates Sacked MD

The Central Bank of Nigeria (CBN) has removed Ibukun Awosika, Oba Otudeko and other directors of First Bank of Nigeria Limited over what it termed the directors refusal to submit to regulatory... Read more »
Four Tips To Earn More In Your Business

Four Tips To Earn More In Your Business

As a business, you should always be looking at ways in which you can grow your business and part of that means making more money. The more money you can make, the... Read more »
How To Make Sure You Deliver The Best E-Commerce Customer Service

How To Make Sure You Deliver The Best E-Commerce Customer Service

Your customer service plays a key role in your success as an E-commerce store, especially when it comes to building trust, engaging with them, and building lasting relationships. This is why building... Read more »
Reps CBN

Halt MFBs Recapitalisation Now, Reps Tell CBN

The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the April 2021 deadline for the proposed recapitalisation by MicroFinance Banks (MFBs) until the economy stabilises from... Read more »
Fidelity Bank

Fidelity Earns N10bn Profit In 3 Months

Fidelity Bank Plc has recorded N10 billion profit in the first quarter (Q1) of 2021, indicating a 53.9 percent growth in Profit Before Tax (PBT). Details of the unaudited results, released to... Read more »

CDV Properties And Development Limited, Unveils Nollywood Actor Bryan Okwara As Ambassador (Photos)

In a bid to provide affordable homes for Nigerians, a major player in the real estate industry in the country, CDV Properties and Development Limited has flagged off its new projects, Apple... Read more »
NERC

NERC Mulls Another Electricity Tariffs Review

Plans are underway for the Nigerian Electricity Regulatory Commission (NERC) to review tariffs that customers pay to the 11 Distribution Companies (Discos) and to also approve a new capital expenditure (capex) for... Read more »
BUA Cement

BUA Cement Says No Price Increase

The management of BUA Cement Plc has said there is no increase in the price of its cement. A statement yesterday by Sunday Ogieva of the company’s Corporate Communication Department said the... Read more »
Nigeria and China Currency

Nigeria-China N720bn Currency Swap Deal On Slow Pace 3 Years After

A N720 billion swap deal for at least 15 billion Renminbi (Yuan) currency between Nigeria and China has recorded a slow pace three years after the initiative was launched. This has left... Read more »
FAAC

FG, States, LGAs Share N681.330bn Revenue For March

The federal, states and local governments have shared a total of N681.33 billion as March 2021 federation revenue. The communiqué released after the April Federation Accounts Allocation Committee (FAAC) meeting also showed... Read more »
3 Ways To Get Creative With Advertising

3 Ways To Get Creative With Advertising

Get creative, get noticed. Represent your company and your brand with high-quality and reusable beverage containers. They make great promotional items for business swag bags and giveaways. These reusable drink tumblers and... Read more »
Mariam Yalwaji Katagum

FG Working On National Policy On Startups — Minister

The Minister of State for Industry, Trade and Investment, Mariam Yalwaji Katagum, has said that the federal government has commenced engagement with stakeholders with a view to enriching the draft National Policy... Read more »
NNPC

NNPC Increases Daily PMS Supply To 1,661 To Tackle Fuel Queues

The Nigerian National Petroleum Corporation (NNPC) has increased the daily supply of Premium Motor Spirit (petrol) across the country from 550 trucks to 1,661 trucks to combat the build-up of fuel queues... Read more »
Petrol Landing Cost

Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion

The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of... Read more »
Fuel-Depot

Fuel Queues: NNPC Increases Daily Petrol Truck-Out To 1,661

The Nigerian National Petroleum Corporation (NNPC) has increased the daily supply of petrol across the country from 550 trucks to 1,661 trucks to combat the build-up of fuel queues in some parts... Read more »
DPR

DPR: We’ve accurate record of crude production

The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs, DPR, in... Read more »
China’s economy grew a record 18.3%

China’s Posts Record 18.3% Economic Growth in Post-Covid Comeback

China’s economy grew a record 18.3% in the first quarter of 2021 compared to the same quarter last year. It’s the biggest jump in the gross domestic product (GDP) since China started... Read more »
Mr Abiodun Oladunjoye

Qatar To Invest $5 Billion In Nigeria’s Economy

The FG has disclosed that the Middle-East nation of Qatar is set to invest in the Nigerian economy the sum of $5 billion. The Federal Government has said that the oil-rich state... Read more »
DMO lists N150 billion FG bonds for auction

DMO lists N150 billion FG bonds for auction

The Debt Management Office (DMO) announced the auctioning of three federal government bonds of N150 billion at N1,000 per unit. This was announced on Wednesday. Details obtained from DMO’s website showed that... Read more »
Why Nigeria Can’t Stop Borrowing – CBN

Why Nigeria Can’t Stop Borrowing – CBN

The Central Bank of Nigeria (CBN) has said that Nigeria cannot stop burrowing, especially when it is necessary as it is part of fiscal responsibility. The CBN Governor, Mr. Godwin Emefiele, said... Read more »
Dangote Cement

Dangote Sells Cement For N1, 800 In Zambia, N3, 500 In Nigeria

The Dangote Cement Group sells its product in Southern African country, Zambia, for at most 110 Kwacha which equals to about N1, 800 in Nigeria, while the same product sells for not... Read more »

USSD War: MTN Snubs Banks, Links 77 Million Subscribers To Fintech Platforms

MTN customers in Nigeria now have alternative electronic payment platforms to recharge their phones as the mobile network operator on Saturday announced that customers can recharge airtime through payment solutions platforms such... Read more »
NNPC Gives Update On Increasing Petrol Pump Price In Nigeria

NNPC Gives Update On Increasing Petrol Pump Price In Nigeria

The Nigerian National Petroleum Corporation (NNPC) has declared that the pump price per litre of petrol won’t be increased until the federal government concludes negotiations with labour.The group general manager, group public... Read more »
cbn dollar rate

CBN incurs N200 million cost as foreign remittance hits $40 million

One week after introducing the Naira4Dollar scheme, the Central Bank of Nigeria introduced its Naira4Dollar scheme, $40 million in foreign remittances might have been raked in, Voice of Nigeria reports. The CBN... Read more »

Dangote Cement to pay over N97bn for 2020 corporate tax

Africa’s largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of N97 billion for the financial year ended Dec. 31, 2020, even as... Read more »
Godwin Emefiele

We Won’t Make Life Difficult For Nigerians — CBN Keeps MPR At 11.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent. Godwin Emefiele, the CBN governor, announced the committee’s decision on... Read more »
NNPC

New Refinery Will Cost About $12 Billion – NNPC

By Emmanuel Addeh The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following... Read more »

Nigeria To Spend N103 Billion Monthly On Petrol Subsidy

The pricing template released by PPPRA effectively shows the government has been paying fuel subsidy despite its denials. As it has become clear the Nigerian government has continued to subsidise the price... Read more »
MultiChoice

MultiChoice Unfair In Content Diversity, Group Says

The Coalition of Northern Groups (CNG) has accused MultiChoice Nigeria Limited, owners and operators of DSTV, of perpetrating bias towards northern media-owned channels on its per-pay-view network services. In a petition sent... Read more »
FAAN

FAAN Shuts Screening Point At Lagos Airport

The Federal Airports Authority of Nigeria (FAAN) has temporarily shut down the E-Finger departure screening point at the Murtala Muhammed International Airport (MMIA), Lagos. The suspension, according to the FAAN, was part... Read more »
CBN, NCC

CBN, NCC Announce New USSD Charges

The Central Bank of Nigeria and the Nigerian Communication Commission has announced that effective from today, March 16th 2021, USSD services for financial transactions conducted at deposit money banks and all CBN... Read more »