Business Archives - Page 10 of 24

Apr

15

2024

Naira gains value on the FX black market, achieving N1,000 per dollar.

Business, Economy, Metro, NewsBusiness, Economy, Naira, Nigeria

At the start of Monday's foreign exchange market, the value of the Naira increased to N1000 per US dollar. Mistila Dayyabu, a Bureau De Change operator, revealed this to OHAFIATV News. The BDC operator says that during the course of the week, the Naira is predicted to strengthen even more below the N1000 per dollar barrier. On Monday, the value of one Naira is worth between N1000 and N10550. The Naira will strengthen more throughout the week, reaching less than N1000 per dollar, he told OHAFIATV News. This happened a few days after Goldman Sachs declared that the Naira was…

Apr

12

2024

By Amos Oge Kalu

ATUS, a new Fintech Company set to crash the market with low charges.

Business, Economy, Metro, NewsATUS, Business, Economy, Finance

As the world of innovation and improvement in the area of financial technology companies continues to evolve with new ideologues and cutting-edge innovations that will further ensure perfect service delivery to all Nigerians in the financial industry, we must always prepare our minds for new entrants that will change the status quo and offer more people-friendly service options. This is where ATUS has come in to fill every vacuum in the financial technology system. To rule the Fintech Business world, ATUS has since started a loaning system that gives their customers real flexibility in terms of collateral and loan terms…

Mar

28

2024

By Amos Oge Kalu

Binance executives sue NSA, Ribadu, EFCC.

Business, Economy, Metro, NewsBusiness, Crime, DSS/EFCC, Economic, Finance, Metro

Tigran Gambaryan, a detained Binance executive, sued Nuhu Ribadu, the NSA, and the EFCC. Gambaryan sued Ribadu and EFCC for fundamental rights violations. The Binance executive requested five reliefs from Justice Inyang Ekwo in his March 18 originating motion filed by his counsel, Olujoke Aliyu of Aluko and Oyebode Law Firm. After escaping jail on March 22, Binance Africa regional manager Nadeem Anjarwalla filed a separate right enforcement petition before Justice Ekwo. Gambaryan and Anjarwalla sued ONSA and EFCC as 1st and 2nd respondents in FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24, according to NAN. The same relief was sought. Gambaryan, an American citizen…

Mar

15

2024

By Amos Oge Kalu

Following fire incident, Gov. Otti announced relocation of Milverton Road Aba Motor Parks.

Abia State, Business, Economy, Metro, NewsAba, Abia State, Accident, Alex Otti, Business, Politics

Following recent upsurge in fire outbreaks in the markets and some other business facilities, the Abia State Government has announced a possible relocation of the motor parks along Milverton Avenue, Aba, to a more conducive area to allow for ease of movement. Governor Alex Otti declared the Milverton Avenue parks as a recipe for disaster, after inspecting the carcass of burnt vehicles, other items and parts of the building housing the bus terminal of Chisco Transport Company, which was gutted by fire Wednesday night. Speaking Thursday during an on the spot assessment of the fire incident, Governor Otti said the…

Mar

05

2024

By David Okoye

Oyo Government Issues Ultimatum to Roadside Traders

Business, Metro, NewsBusiness, Next Level, Oyo state

Governor Makinde of Oyo State has issued a stern ultimatum to roadside traders, directing them to vacate their illegally erected kiosks, containers, shanties, and other structures within seven days or face sanctions. The directive, aimed at addressing unwarranted obstruction of road traffic, was announced by Commissioner for Environment and Natural Resources Abdulmojeed Mogbonjubola during an inspection tour of the Ojoo area in Ibadan. Mogbonjubola emphasized that the presence of illegal occupants on the roadsides was causing significant disruption to traffic flow. He cited violations of the state's Environmental Sanitation Regulation of 2013 and labeled their operations as an environmental nuisance.…