The Nigerian government has asked for the speedy implementation of the Presidential Food Coordinating Unit (PFSCU) to accelerate provision of N250bn loan to farmers
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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CBN crashes dollar with $29 million intervention in FX market
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Naira gains N37, experts warn dollar hoarders of big losses
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Tesla opens first showroom in oil-rich Saudi
The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia -- where hybrid cars remain a rare sight. Mainly young Saudis gathered to look at the Tesla cars, even though demand for electric vehicles is low in Saudi Arabia.
Lagos state set to publish names of Land Use charge defaulters, gives date
The Land Use Charge is a key revenue source for the government, and may be paid by the property owner or the tenant. Failure to pay can attract heavy fines.
US-China trade war surges, overshadowing Trump climbdown
The US-China trade war intensified Thursday, sending the global economy into unknown territory and dampening relief after President Donald Trump's earlier climbdown from a wider tariff onslaught against the rest of the world. But realization that Trump's splashy about-face on Wednesday masked the reality of a surging trade war with China dampened spirits.
OpenAI countersues Musk as feud deepens
Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without him.
CBN breaks new record under Cardoso with dollar inflows as naira trades at new rates
The Central Bank of Nigeria has broken a new remittance inflows as dollar inflows into Nigeria hit a five-year high at $20.98 billion in 2024 under Cardoso.
Miuccia Prada's path from activist to top designer
As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women's rights wearing an Yves Saint Laurent suit. Ironically, her first women's ready-to-wear show in Milan in 1988, all in black and white, was not well received, with critics considering it too austere.
Elumelu finally opens up, shares how much FG owes Transcorp Group for electricity supplied
The federal government owes huge sums to the electricity generation and distribution companies, and these debts are inhibiting the players from investing.
Italy's Prada agrees to buy rival Versace for 1.25 bn euros
Italian fashion house Prada announced Thursday it had reached a deal with US group Capri Holdings to buy its flashy rival Versace for 1.25 billion euros ($1.38 billion). In 2018, Capri paid 1.83 billion euros (then $2.1 billion) to acquire Versace, which was previously owned 80 percent by the Versace family and 20 percent by the US investment fund BlackRock.
Five things to know about Versace
Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite in terms of style. Made from silk and lycra, with a sharply plunging neckline and a long slit up the side, the dress was held together by several oversize golden safety pins.
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