Business

The Naira yesterday appreciated to N1,695 per dollar in the parallel market from N1,725 per dollar on Tuesday. However, the Naira ramained stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign…

Bitcoin has shattered the $100,000 milestone, riding a wave of investor confidence sparked by U.S. president-elect Donald Trump’s pro-crypto…

The National Information Technology Development Agency (NITDA) says X, Google, Microsoft, and TikTok paid N2.55 trillion in taxes to Nigeria in…

Nigeria’s energy company, Oando PLC, is poised to significantly enhance the country’s oil reserves and production capacity following its landmark $783 million acquisition of the Nigerian Agip Oil Company…

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday. However, the Naira was stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange…

The huge investment by Dangote Sugar Refinery in the Sugar Backward Integration Policy (BIP) of the federal…

  First City Monument Bank (FCMB) has kicked off the 10th season of its popular "Millionaire Promo," a…

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has reaffirmed its…

Foreign holdings in Nigeria dropped to $12.8 billion between 2022 and 2023 due to naira woes and corporate…

Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa to China’s Huaxin Cement, the firm announced in a statement on Sunday. The sale price…

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed that the soon-to-be-introduced electronic FX matching system will address the disconnect between the current naira-to-dollar exchange rate and…

Buoyed by the global impact of his 650,000 barrels per day refinery and petrochemical plant, Africa’s richest man and…

Justin Sun, the Chinese cryptocurrency entrepreneur who bought an artwork featuring a banana…

The Central Bank of Nigeria (CBN) has threatened to impose fines on erring banks over the ongoing cash scarcity at…

Wema Bank has concluded the fifth edition of its Hackaholics initiative, awarding N145m to seven start-ups that showcased innovative solutions to real-world challenges. The grand finale, held in Lagos, had 3,500…

A flagship subsidiary of Access Holdings, Access Bank, says it has completed the acquisition of Standard Chartered Bank, in Angola, and in Sierra Leone. Roosevelt Ogbonna, Managing Director/Chief Executive…

The Naira yesterday appreciated to N1,740 per dollar in the parallel market from N1,745 per dollar on Wednesday. Likewise, the Naira appreciated to N1,644.86 per dollar in the Nigerian Autonomous Foreign Exchange…

Senator Ali Ndume, lawmaker representing the Borno South Senatorial District, has said that political undertakers are doing damage to President Bola Ahmed Tinubu. Ndume stated this while discussing the tax…

The Nigerian National Petroleum Company Limited (NNPCL) has restricted the purchase of petrol from the Port Harcourt Refinery…

Barring last-minute changes, the Senate will pass the controversial Tax Reform Bills today, exempting those earning below N1 million per annum from the tax net. Vanguard gathered that most lawmakers who were…

Foreign Portfolio  Investments, FPIs,  on the Nigerian Exchange Limited (NGX) reached a new high with total value of transactions at N744.34 billion in the ten months ended October 31, 2024 (10M’24), the highest…

The recently rehabilitated Port Harcourt Refinery has begun selling Premium Motor Spirit at N1,045 per litre, a price N75 higher than the N970 per litre offered by Dangote Refinery, the Petroleum Products Retail…

The Ogun State Chamber of Commerce, Industry, Mines, and Agriculture (OGUNCCIMA) has praised the monumental contributions of…

The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators from December 3, 2024, to June 3, 2025. Aminu Gwadabe, president of the Association of Bureaux…