Category

Business & Economy

242 posts in this category.

New: Fg Opens Application Portal For Loans To Nigerians, Smes

The Nigerian Government has released an application portal for its Presidential Conditional Grant for Nano Businesses under the Presidential Palliative Program. The scheme offers a grant of N50,000.00 per beneficiary, aiming to support one million nanobusinesses across the 774 local government areas. Read also: The federal government will collaborate with state governments, Honourable ministers, NASME, senators, and…

Updated

Outcry As 15 States Spend N301 Billion On ‘unprofitable’ Airports

According to Sunday Vanguard’s findings, no less than 15 states in Nigeria have invested approximately N301 billion in airports that do not meet the annual passenger traffic requirements per airport. These airports, located across the country, are underutilized, with minimal daily or chartered flights. They were primarily constructed by state governments and heavily rely on…

Updated

New: Panic Selling… Why Naira Is Appreciating

Speculations emerged on Friday regarding the appreciation of the Nigerian naira against the U.S. dollar, both in the official and parallel markets. The naira reportedly reached one of its highest values since September when the exchange rate exceeded N1000 per dollar. Financial analysts and parallel market traders shared insights with FIJ to shed light on…

Updated

adire: Ogun State’s Indigenous Textile Art

Adire is a traditional Nigerian fabric that is made using a variety of techniques, including tie-dye, batik, and appliqué. It is produced in many different parts of the country, but Ogun State is one of the most well-known centers for adire production. The word “adire” comes from the Yoruba language, and it means “to tie…

Updated

Woocommerce Has Undergone A Rebranding And Will Now Be Known Simply As “woo”

WooCommerce rebrands. It is now known simply as Woo. In a blog post on their official new website, woo.com, the company announced, ““Woo” is how many loyal customers have referred to us for years. And now we’re leaning into that name for our company and brand.” Read also: Introducing Grok: The Humorous AI With Real-Time…

Updated

We’re Working Towards Affordable Houses – Dapo Abiodun

“Governor Dapo Abiodun of Ogun State” has revealed that approximately “200 units of semi-detached, detached, fully detached duplexes, and terraces” currently under construction at the “Muhammadu Buhari Estate” in Abeokuta are in “advanced stages of completion” and will be ready for occupancy before the close of 2023. Governor Abiodun has also expressed his commitment to…

Ogun Bank Official Flees With Depositors’ N1.97m Contributions, Arrested In Oyo

The Ogun State Police Command has detained a “credit officer of a microfinance bank,” Esther Hamidu, who allegedly “fled with customers’ contributions” amounting to “N1.97m.” According to PUNCH Metro, Hamidu disappeared with the daily contributions made by the bank’s customers, which “spanned between March and December 2023.” A branch manager in Abeokuta, the state capital,…

Updated

Lagos Govt Gives 7-day Vacation Order To Motorists, Commercial Bus Drivers Operating On Bridges

On Monday, the Lagos State Government issued a 7-day ‘Vacation Order’ to motorists and commercial bus drivers operating on top of bridges across the state. Special Adviser to the Lagos State Governor on Transportation, Sola Giwa, stated that vehicles were causing significant obstructions around these bridges, negatively impacting both bridge integrity and traffic flow. Despite…