Browsing: Business

Nigeria’s inflation rate may be among world’s highest in 2022 – World Bank

The World Bank has said Nigeria may have one of the highest inflation rates in the world in 2022. Following increasing prices diminishing the welfare of Nigerian households, the international finance institution projected that the West African country might have one of the highest inflation rates globally and the seventh highest among Sub-Saharan African countries in…

N69.4bn Debt: Jimoh Ibrahim loses bid to recover assets and bank accounts

Chairman of Global Fleet Group, Jimoh Ibrahim has lost an appeal challenging seizure of his 12 assets and freezing of all his accounts by the Asset Management Corporation of Nigeria (AMCON). Prior to the recent ruling, Justice Rilwan Aikawa of the Federal High Court, Lagos had issued an order authorizing AMCON to take over Ibrahim’s assets over an alleged N69.4billion…

Aviation ministry is not being realistic with proposal of a national carrier – Senate

The Nigerian senate has said that the aviation ministry is not being realistic with its proposal of a national carrier. Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani said this at the committee’s retreat in Niger state on Wednesday December 1. Sani also accused the Aviation Ministry of frustrating the efforts of…

Louis Vuitton’s artistic director and the founder of Off-White, Titan Virgil Abloh dies at 41 after private cancer battle

Virgil Abloh, the artistic director for Louis Vuitton and the founder of Off-White, has died after battling cancer privately for years. The statement posted on Twitter reads: “LVMH, Louis Vuitton and Off White are devastated to announce the passing of Virgil Abloh, on Sunday, November 28th, of cancer, which he had been battling privately for…

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