Daily Business Reporter

VivaJets Joins Africa CEO Forum, Pushes Vision for Integrated Continental Mobility

Corporate /

VivaJets to Support Africa CEO Forum as Strategic Mobility Partner Nigerian business aviation firm VivaJets has announced its participation in the 2026 edition of the Africa CEO Forum as a strategic mobility partner, where it will facilitate the seamless movement of business and political leaders across the continent. The forum, scheduled to hold in Kigali, […]

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Ex-Power Minister Adelabu Reveals Tinubu Gave Approval for His Resignation

News /

The immediate past Minister of Power, Adebayo Adelabu, has said he duly consulted President Bola Tinubu before tendering his resignation, contrary to reports suggesting otherwise. Adelabu made the clarification in a statement issued on Saturday. According to reports, he resigned from his ministerial position to pursue his governorship ambition in Oyo State under the platform

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‘Why Are We Still Borrowing?’ — Sanusi Blasts Tinubu Over Rising Debt After Subsidy Removal

Uncategorized /

Sanusi Questions Rising Debt Despite Subsidy Removal Former Governor of the Central Bank of Nigeria, Muhammadu Sanusi II, has raised concerns over Nigeria’s growing debt profile under President Bola Ahmed Tinubu, despite the removal of fuel subsidy. Sanusi made the remarks on Friday during a public event, where he questioned what he described as a

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5 Banking Services Now Free as CBN Announces Withdrawal, Deposit Fees Changes from May 1

Economy /

CBN Removes Charges on Key Banking Services in New Consumer-Focused Reforms The Central Bank of Nigeria (CBN) has announced the removal of charges on several routine banking services as part of a sweeping reform aimed at reducing costs and promoting financial inclusion. The new policy, contained in the revised Guide to Charges by Banks and

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Ex-minister says INEC has declared themselves opposition against ADC

Corporate, News /

Former Minister of Youth and Sports, Solomon Dalung, has accused the Independent National Electoral Commission (INEC) of acting like an opposition force against the African Democratic Congress (ADC). Dalung, a chieftain of the ADC, made the remarks during an interview on Trust TV’s Daily Politics, where he criticised the electoral body’s conduct and handling of

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Dalung: Edun’s Removal Driven by Political Realignment, Not Performance

Uncategorized /

Former Minister of Youth and Sports, Solomon Dalung, has said the removal of Wale Edun as Minister of Finance and Coordinating Minister of the Economy was largely due to political considerations, rather than performance. Speaking on the recent cabinet reshuffle, Dalung argued that Edun’s exit reflected a broader effort by President Bola Tinubu to realign

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BREAKING: EFCC arrests ex-Skye Bank chair, Ayeni over ‘N36bn, $30m fraud’

Uncategorized /

BREAKING: EFCC Arrests Ex-Skye Bank Chair Ayeni Over Alleged N36bn, $30m Fraud The Economic and Financial Crimes Commission (EFCC) has arrested businessman and former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged multi-billion naira fraud. Ayeni was reportedly apprehended in Abuja and is currently in EFCC custody as investigations into the

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SMEDAN Raises Alarm as Nigerian Businesses Shun Available Support Funds

Uncategorized /

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has raised concerns over the low participation of Nigerian businesses in government-backed funding programmes, despite the availability of substantial financial support for micro, small, and medium enterprises (MSMEs). Director-General of SMEDAN, Charles Odii, disclosed this during a working visit to Falcon Chemicals Ltd in Ogun

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Naira Accelerates Gains in Official, Parallel Windows After Dollar Hit 7-Day High

Economy /

The Federal Government has expressed its intention to draw lessons from Indonesia’s rise to a $1.4 trillion economy as Nigeria pursues its own goal of becoming a $1 trillion economy under the administration of President Bola Tinubu. This was disclosed in a statement by the Ministry of Budget and Economic Planning following a courtesy visit

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Nigeria Forfeits N428 Billion Yearly to Illicit Alcohol Market, SWAN Warns

Economy /

Nigeria is estimated to be losing about N428 billion annually to illicit trade in spirits and wines, according to the Director-General of the Spirits and Wines Association of Nigeria, Tony Okwoju. The disclosure, reported by the News Agency of Nigeria, was made at the conclusion of a stakeholders’ workshop on combating illicit alcohol trade held

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