Tag Archives: Business & Economy

  “Our civil servants actively run private businesses during work hours. They sabotage processes in exchange for bribes. They facilitate corrupt practices by compromised officials. They barely put in a dedicated 2 hours of work daily out of the 8 hours of employment. But they expect to be fully remunerated for their inefficiencies” PEGASUS REPORTERS, LAGOS | FEBRUARY 12, 2024 ...

  “Apart from FBNH and Geregu Power, Otedola also owns shares in Zenith Bank Plc, as well as real estate assets in Lagos, Dubai, London, and Monaco. He made a re-entry into the Forbes’ Billionaires List this year, after a seven-year hiatus.” PEGASUS REPORTERS, LAGOS | FEBRAURY 4, 2024 Billionaire Mr. Olufemi Peter Otedola, CON, has been announced as the ...

  In a country where the cost of traveling for treatment abroad for officials will build world-class hospitals should not talk about naira against dollar parity. Money taken on that trip is part of the stress on forex. Same as forex spent on pilgrimage, let religion fanatics keep off me here. PEGASUS REPORTERS, LAGOS | DECEMBER 3, 2023 Appreciation and ...

  “Accordingly, by the time Nigerian Yams get anywhere in the world, especially Europe and America, the exporter would have lost over 68% of the merchandise due to the greed, wickedness, irresponsibility, and nonchalance of the lead agencies earlier highlighted above! As an escape route, Nigerians would first transport their Yams to Ghana and export from there.” PEGASUS REPORTERS, LAGOS ...

  “Our investigation revealed that the project was supposed to have been executed in collaboration with a company (or is it an NGO front) called, CM Network Palm Tree Plantation Development Project which collected a mandatory registration fee of N2,000 (Two Thousand Naira) from each applicant and issued forms officially indemnified and bearing the same no NO:1011229” PEGASUS REPORTERS, LAGOS ...

  “Higher-value contactless payments are transactions that exceed the above stated limits and shall require appropriate verification and authorisation. For these transactions, existing Know Your Customer (KYC) requirements and limits on the electronic payment channels shall apply.” PEGASUS REPORTERS, LAGOS | JUNE 30, 2023 The Central Bank of Nigeria, CBN, has placed a N50,000 daily limit on contactless payments either ...

  “The reaction is one of, ‘finally’,” said Tunde Ajileye, a partner at Lagos-based SBM Intelligence. “If this stays, then it would mean that (Tinubu) had been able to remove the two subsidies that have crippled Nigeria fiscally and monetarily for the last decade.” PEGASUS REPORTERS, LAGOS | JUNE 19, 2023 JOHANNESBURG/LONDON, June 15 (Reuters) – Nigeria’s new president, in ...

  “There should be a deliberàte roadmap to use agriculture as the new template for rural development and re-engieering of commodity boards and rapid industrialization in Nigeria. This should be outside the centralized policy through the CBN which is corruptly structured and the major cause of poverty and chronic corruption” PEGASUS REPORTERS, LAGOS | APRIL 21, 2023 Now that history ...

  “Available data from the Debt Management Office revealed that Chinese loans make up 84.73 percent of the total amount Nigeria owes to other countries of the world. The remaining 15.27 percent is spread across France, Japan, India, and Germany” PEGASUS REPORTERS, LAGOS | APRIL 3, 2023 According to Punch Report on Monday, April 3, 2023, Nigeria’s total bilateral loans ...

  “We will reform the policy to encourage the prudent use of blockchain technology in banking and finance, identity management, revenue collection, and use of crypto assets. We will establish an advisory committee to review SEC regulation on digital assets creating a more efficient and business-friendly regulatory framework.” PEGASUS REPORTERS, LAGOS | MARCH 14, 2023 Nigerian President-elect Bola Tinubu has ...