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Business
Moniepoint transaction value hits $12bn across 1.6m businesses monthly
Moniepoint Inc. a fintech company said it now processes average monthly transactions valued at $12 billion…
Manufacturers, MSMEs await Tinubu’s N200bn intervention one month after pledge
It’s been one month since President Bola Tinubu pledged to energise the Micro, Small and Medium Enterprises (MSME) and the…
Tax: Dangote Cement Remits N412.9bn to Govt in 3 years
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the…
EXPLAINER: How Twitter Monetization Of Contents May Fuel Fake News
The giant social media application X, formerly Twitter, has launched its ads revenue sharing programme for content creators worldwide. The programme’s development had been in progress for some time; Elon Musk…
Naira Will Be Stronger Than Dollar – Pastor Adeboye
General Overseer of Redeemed Christian Church of God, Pastor Enoch Adeboye, has predicted that the country will experience the period again when naira was stronger than the United States dollar. Adeboye said…
60% of Oil Marketers Now Redundant – IPMAN
The Chairman, the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ore Depot, Shina Amoo, has lamented that about 60 per cent of independent…
Federal Government’s spending in 90 days exceeds revenue by N1.43tn – CBN
In the first three months of 2023, the Federal Government of Nigeria’s expenses surpassed its revenue by a N1.43tn,…
Tony Elumelu named co-chair of G2O business council
Tony Elumelu, Nigerian businessman and philanthropist, has been named a co-chairperson of the Business 20 (B20) India Action Council on African economic integration. The B20 is the official G20 dialogue forumwith the…
JUST IN: Tinubu leads 38 Nigerian billionaires and investors including Dangote, Otedola, Elumelu,…
President Bola Ahmed Tinubu will be leading 38 prominent Nigerian billionaires and investors to attend the Nigeria-India Presidential roundtable and conference in New Delhi, India.…
N1.1trn Anchor Borrowers’ loan default: Tinubu orders security agencies to recover cash before Sept…
•Defaulters under pressure to pay up The ambitious Anchor Borrowers’ Loan Scheme floated by the Central Bank of Nigeria to make cash available for increased…
Rejuvenating the economy: FG targets Domiciliary Accounts, Nigerians’ funds abroad
The administration of President Bola Tinubu is looking to attract funds held in domiciliary accounts and funds held by Nigerians abroad into massive investments in various sectors of the economy. The Minister of…
Palliatives: Rice Price Spikes As FG, States’ Suppliers Mop Up Markets
The scramble for rice by suppliers recruited by the federal and state governments is partly responsible for the spike in the prices of the commodity, multiple sources have told Daily Trust. Traders in markets in…
Olu Adeosun resigns as MD/CEO of Ardova Plc
Ardova Plc, a prominent Nigerian integrated energy company listed on the…
Naira back in freefall as $3bn Afrexim bank loan stalls
The naira is in free fall once again after a $3 billion loan secured by state-oil company NNPCL that was supposed to inject…
Job Creation: Lagos NUJ Honours Dangote with Excellence award
… commends Group for critical infrastructure provision It was a night of accolades for Africa’s foremost business conglomerate, Dangote…
Price hike looms as customs begins implementation of VAT on diesel
The Nigeria Customs Service (NCS) says it has commenced the implementation of value-added tax (VAT) on automobile gas oil (AGO), also known as diesel,…
FG loses N1.9tn to oil theft in July – Report
Crude oil theft may have cost the country a whopping N1.9tn revenue loss in July, according to analysis by The PUNCH. The estimation was arrived at following a pronouncement by the National Security Adviser, Nuhu…
BREAKING: Nigeria’s stock market soars above 66k points — highest level ever
The Nigerian capital market received a wave of euphoria at the close of Tuesday’s trading, with the All-Share Index (ASI) of the Nigerian Exchange Limited…
We’re committed to increasing tax on beverages from 10% to 20% — FG
…as CSO, diabetes patients advocate subsidized diabetes healthcare In a bid to combat the rising public health concerns associated with excessive sugar consumption, the Federal Ministry of Health has expressed…
Registrars indicted over unclaimed dividends as figure rises by 94% in 24 years
Shareholders have lamented the rising unclaimed dividends in the capital market currently put at N190 billion, stating that unless the…
Bilateral currency swap agreement with China up, running – CBN
Contrary to reports that the currency swap agreement with China has expired, the Central Bank of Nigeria on Monday, disclosed…
Foreign inflow into stocks falls to pre-Tinubu levels
Foreign investment in Nigerian stocks fell last month to its lowest level since President Bola Tinubu’s reforms that sparked…
Dangote Cement – Clarification of cement price misinformation
…..says Nigeria’s price is in line with or lower than prices across the West African coast. Management of Dangote…
Fidelity Bank records highest earnings per share on the NGX for H1 2023
For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company…