Day: April 24, 2024

High Commission to sanction workers barring Nigerians from Indian school

The Indian High Commission in Nigeria has vowed to sanction the workers at the Indian Language School, Ilupeju, Lagos who refused The PUNCH correspondent access to the school facility for inquiries. Following online reports that the school was not admitting or welcoming Nigerians on its premises, our correspondent on Monday proceeded to the school to investigate the […]

Family businesses contribute $200bn to Nigeria’s economy- Report

According to Professor Chris Ogbechie, the Dean of the Lagos Business School, family businesses play a significant role in Nigeria’s economy, contributing up to $200 billion. He made this revelation during the Lagos Business School Family Business Conference held in Lagos. Despite their substantial contribution, Ogbechie noted that only about 30 per cent of Nigerian family businesses survive […]

Naira weakens to one-month low of N1,300 as dollar liquidity drops

The naira weakened for a third straight day at the official market (NAFEM) on Tuesday, sliding to a one-month low of N1,300 per US dollar, according to data by FMDQ Securities Exchange. Banking sources told BusinessDay that dollar liquidity has dipped on the back of investors exiting to safety in reaction to rising geo-political tensions that have […]

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