BUSINESS

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OPay may be running at a 70% loss on investors funds

Opera Market shares have declined rapidly lately; The company’s share currently stands at 30% since its IPO Prior to its IPO, Opera’s ownership was transferred to a Chinese Investor group, and its current CEO has been reportedly involved several shady transactions– Inappropriate funding of external businesses– since appointment. Poor Owner-Investor communication as well as lack […]

Banks comply with the reduction in charges

here are indications that some banks may have started complying with the recent downward review of charges ordered by the Central Bank of Nigeria, CBN if their claims are anything to go by. But some bank customers appear to be ignorant of the new policy as they still complain about high charges. Vanguard MoneyDigest spoke […]

Again, fire guts Balogun market, Lagos

A highrise building at the popular Balogun market on Lagos Island is currently on fire, The PUNCH has gathered. Eyewitnesses told The PUNCH that the fire started from the building opposite Oluwole Car Park on Martins Street. Details later… Details of the fire incident are still sketchy.

Nigeria’s LPG demand rises by 40% to 840,000MT

Nigeria’s domestic demand for Liquefied Petroleum Gas, LPG, increased from 600,000 metric tonnes, MT, to 840,000MT, indicating an increase of 40 per cent as at December, 2019. Addressing members at the just concluded Annual General Meeting, AGM, in Lagos, the President, Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Nuhu Yakubu, said: “The industry has recorded a […]

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