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High construction cost, investors’ apathy dampen interest in build-to-rent scheme

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Homes built exclusively for renters are becoming hard to come by, as economic uncertainties persist and impact real estate industry. There has also been...
Business

Telcos not responsible for failed bank transactions — NCC

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In the wake of failing electronic transactions, the Nigerian Communications Commission has stated that the country’s telecommunication networks can absorb the surge in the...
Business

Dollar shortage: Banks slash travel allowance, foreign school fees

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Nigerians woke up to not-too-good news on Tuesday as Deposit Money Banks and DMOs have pruned down the amount of Personal Travel Allowance, PTA...
Business

Dollar shortage: Banks slash travel allowance, foreign school fees

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Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange...
Business

Currency swap: Naira ends week on negative note against dollar

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The Naira lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window on Friday. The rate represented a decrease of...
Business

Namibia makes third oil discovery in Orange Basin

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Namibia’s state-owned oil company NAMCOR has made a third oil discovery with partners, Shell and Qatar Energy in the Jonker-1X deepwater exploration well in...
Business

ePayment channels fail stress test despite banks’ N901b profit

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• No respite from apps, USSD platforms as failure reaches peak after N100b investment• Concerns as hackers wipe N2.9b from fintech firm• Attack raises concerns...
Business

Naira loses further at official market amid cash crunch

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Naira fell slightly against the United States’ dollar at the Investors and Exporters window on Friday, extending losses to two successive days at the...
Business

Chevron To Spend $15bn On Growth, New Energy Business  

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Oil major, Chevron Corporation, has said, it is leveraging on its progress to leverage its strengths to safely deliver lower carbon energy to a...
Business

Bullish rally slows as investors lose N162 billion

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After several days of upbeat, the Nigerian equities market halted its bullish streak to reopen the month of March on a downward slide, yesterday,...
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