Tag Archives: Business & Economy

BREAKING: President Buhari Unveils Redesigned New Naira Notes

  “Following the unveiling of the new notes which begins circulation today, the CBN governor announced that the apex bank is now more determined to make Nigeria a cashless economy, as in other climes” PEGASUS REPORTERS, LAGOS | NOVEMBER 23, 2022 The President, Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of ...

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ECONOMY: The Naira Crashes Against The Dollar Again!

  “The decline, according to the analysts, can be attributed to the reduced inflow of petrodollars into Nigeria’s economy despite the rally in crude oil prices due to the upbeat in oil demand since the Russian invasion of Ukraine in February 2022” PEGASUS REPORTERS, LAGOS | NOVEMBER 15, 2022 After a week of gaining on the dollar across the black ...

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ECONOMY: The Problems, Prognosis and Prospects As Nigeria Redesigns The Naira (₦) Currency

  “All customers who deposited their Naira notes, those depositing and those who would be depositing are eagerly waiting for December 15. The DMBs are also waiting for the said date. Meanwhile, there is a cashless policy waiting to hit all Nigerians by January 2023” PEGASUS REPORTERS, LAGOS | NOVEMBER 11, 2022 The announcement by the Central Bank of Nigeria, ...

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Economy: Sanwo-Olu Gets Concession Documents For Badagry Deep Seaport As Lagos Economic Summit Ends

  “We are excited that Lagos is on the way to having another deep seaport on the Western side of the city. Before the end of this year, we will be commissioning the Lekki Deep Seaport on the Eastern side” PEGASUS REPORTERS, LAGOS | OCTOBER 14, 2022 As the Lagos State Economic Summit (Ehingbeti 2022) came to a close, State ...

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Economy: RMAFC Probes Into Revenue Collections In Mining Sector

  “Sa’idu said Nigeria has over 300 mineral resources available in commercial quantities hence the need to diversify the economic base by shifting attention from the mono cultural commodity. And government revenue inflows will surely be boosted if this sector is vigorously harnessed” PEGASUS REPORTERS, LAGOS | SEPTEMBER 16, 2022 The Revenue Mobilisation and Fiscal Commission (RMAFC) says it is ...

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ECONOMY: Nigeria Tops Africa’s Crypto Market Despite Bank Trading Ban

  “Unsurprisingly, when it comes to “the number of persons searching for ‘bitcoin’ and blockchain’ terms on Google,’ Nigeria tops the list of African countries. Another study suggests Nigeria is the world’s most crypto-obsessed nation” PEGASUS REPORTERS, LAGOS | SEPTEMBER 4, 2023 Nigeria has again topped the African crypto market as the country with the highest rates of cryptocurrency adoption ...

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Cryptocurrency Market: CEO Sam Bankman-Fried Asks For Calm as Bitcoin Drops Below $20,ooo!

  “The market is taking a breather after the falls. There are still systemic issues as people prop up various dominoes from triggering knock-on effects” PEGASUS REPORTERS, LAGOS | JULY 31, 2022 Traders in the cryptocurrency market know that it is an unpredictable and volatile, trade and must keep a close watch on their investments. An interesting aspect of cryptocurrencies ...

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Godwin Emefiele Revealed As Owner Of Titan Trust Bank & The Questionable Acquisition Of Union Bank

  “Clearly, the fact that Titan Trust Bank, a small bank with only two bank branches in Lagos, can almost effortlessly swallow up Union Bank, a 104-year-old bank, in a transaction valued in the region of about $1 billion dollars or above, defies common sense and suggests a case of “the hand of Esau, but the voice of Jacob” PEGASUS ...

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BUSINESS & ECONOMY: FG Concessions Operations Of Customs to Chinese, Nigerian Company For 20 Years.

  “The agreement was facilitated and midwifed by the Infrastructure Concession Regulatory Commission (ICRC). The concessionaires, under the agreement, will drive the modernisation project for 20 years. The concessionaires are expected to invest the sum of $3.2 billion dollars with an estimated income of $176 billion generated for the Federal Government in 20 years.” PEGASUS REPORTERS, LAGOS | MAY 6, ...

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Business & Economy: Calling Stakeholders In The Cosmetics & Beauty Products Industry (Video)

  Repositioning The Cosmetics & Beauty Products Industry For the African Continental Free Trade and Beyond. Kindly click to register: https://minceltd.com/town-hall-meeting/ PEGASUS REPORTERS, LAGOS | MAY 10, 2022 What’s your view? Tell us you were here by replying to this story in the comment section below. You can share it, too. Pegasus Reporters: making news that reaches your audience | ...

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