Business

Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has clarified that the four bills transmitted to the National Assembly on tax reforms by President Bola Ahmed Tinubu are not aimed at…

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says “strategic interventions” of the apex bank have produced encouraging outcomes. He stated this while making a presentation at a stakeholders’…

Following a dramatic intervention by the Department of State Services (DSS), the Nigeria National Petroleum Commission Limited (NNPCL) have reportedly agreed to sell Premium Motor Spirit (petrol) to members of the…

Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month.   This is…

The Federal High Court in Abuja has granted the Inspector General of Police (IGP) an additional 30-day freezing order against 818 bank accounts currently under investigation for allegedly receiving “proceeds of…

The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction. Indermit Gill, Senior Vice President…

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that wealthy Nigerians earning N100m and above monthly will face a 25 per cent personal income tax rate if a new…

The Director-General of the Securities and Exchange Commission, Dr Eromomotimi Agama, has stated that the five banks that tapped the market to raise fresh capital were oversubscribed. This was disclosed in a…

Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says 90 percent of Nigerian taxpayers currently are people who should not be taxed. Speaking at the 30th Nigerian Economic…

The Police on Monday re-arraigned four bloggers, Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami, on fresh charges before the Federal High Court in Lagos for allegedly cyberstalking and publishing…

Aradel Holdings is set to officially list its shares on the Main Board of the Nigerian Exchange (NGX) at N702.69 per share on Monday, October 14, 2024. This follows the company’s recent announcement that it…

There is uncertainty over the commencement of lifting of premium motor spirit (PMS) otherwise known as petroleum from Dangote Refinery by the Independent Petroleum Marketers Association of Nigeria (IPMAN), Daily…

In the wake of the tragic death of Dr. Herbert Wigwe, former Group Managing Director of Access Holdings, a contentious legal battle, is…

The national assembly is considering a bill proposing an increase in the value-added tax (VAT) from 7.5 percent to…

BlackRock Inc.pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record $11.5 trillion of assets as it seeks to become a one-stop…

The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Ltd (NNPC Ltd), Mele Kyari, has said that the removal of fuel subsidy in Nigeria has reduced arbitrage. He explained that it has…

Air Peace has denied any wrongdoing by its Chairman and Chief Executive Officer, Dr. Allen Onyema, and Chief of Finance and Administration, Mrs. Ejiro Eghagha, who have been charged by the United States for…

What began as a routine digital system upgrade exercise by Sterling Bank in September swiftly morphed into an…

Poultry Association of Nigeria (PAN) has warned that if urgent steps are not taken to support poultry farmers, prices of eggs may increase from the current N5,500 to N10,000 per crate. They attributed the rising cost…

•We have to be extremely careful when we push for a complete deregulation – Muda Yusuf Against the backdrop of the presumed full deregulation of Premium Motor Spirit (PMS), also known as petrol, which was…

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the FPSO facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, is nearing completion and will soon…

The United States government has piled more charges on the earlier $20 million bank fraud case against Allen Onyema, the CEO…

Dangote Group, the owner of West Africa’s largest refinery, is set to begin crude oil production at its two Nigerian oil assets in the fourth quarter of…

Joint Venture partners including SPDC, NNPC Limited, TotalEnergies and Eni have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertilizer and Petrochemical project in Bayelsa State. A…