Business

• Low queue as IPMAN, MEMAN say supply below expectations• Dangote debunks shortfall claim, insists supply on track Nigerian National Petroleum Company Limited (NNPCL), yesterday, said the Dangote Refinery is…

Nigeria’s recent fuel price hike has sparked widespread concern, with many attributing the blame to oil producers,…

Stock markets across the world have been reacting very positively to the first benchmark rate cut in the United States since 2020. After the…

Despite the rollout of premium motor spirit (PMS) otherwise known as petrol from the Dangote Refinery on Sunday, Nigerians have expressed disappointment over the high price of fuel. They said their hope on the…

11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide. BusinessDay findings…

The National Bureau of Statistics (NBS) says the Nigerian Railway Corporation (NRC) transported 1.4 million passengers and generated N3.11 billion in revenue in the first half of 2024. The figures, representing…

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that a truck driver spends more than N450,000 as levies to transport food items such as yams from the northern…

Sterling Financial Holdings Company Plc has announced the appointment of two seasoned professionals to the boards of Sterling Financial Holdings Company Plc…

PZ Cussons Plc, the parent company of PZ Cussons Nigeria, says the company is planning to sell its African subsidiaries. In its ‘Results for the year ended 31 May 2024,’ published on Wednesday, PZ Cussons said the…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves. Edun made this statement while…

•Set to introduce e-Invoice The Federal Inland Revenue Service (FIRS) has revealed plans to further enhance the Nigeria’s tax system by exploring various incentives aimed at drawing players in the informal…

The Nigerian National Petroleum Company Limited, NNPCL, has authorised major petroleum marketers to commence lifting premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under the…

The Federal Government has issued a stern warning to private-sector employers, stressing that paying below the new N70,000 minimum wage could lead to imprisonment. Speaking at the 13th Annual General Meeting of the…

•Slashes tax to 0.005% from 0.5% on all electronic transactions The Central Bank of Nigeria (CBN) says it…

The Nigerian naira experienced an appreciation against the U.S. dollar on Wednesday, buoyed by an increase in dollar liquidity in the official…

The Aviation Working Group (AWG) has increased Nigeria’s Cape Town Convention (CTC) compliance index score from 49 percent to 70.5…

The Central Bank of Nigeria has announced that its 297th Monetary Policy Committee meeting will be held on September 23 and 24, 2024. The two-day event is scheduled for the bank’s headquarters in Abuja. According to a…

The Central Bank of Nigeria (CBN) has constituted a new board of directors for Keystone Bank Limited (the bank) as part of the strategy to strengthen the bank’s operations for sustained business growth. The apex bank also…

Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery, BusinessDay has learnt. Oil marketers under the aegis of the Independent Petroleum…

More controversy has emerged in the execution of a sale-purchase deal on premium motor spirit, otherwise known as petrol, between the Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery. Findings…

The cryptocurrency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for…

The Central Bank of Nigeria (CBN) is set to wield the big stick against Chief Executive Officers (CEOs) and chairmen of banks who fail to publish their annual financial statements of account 12 months after the end…

The Presidency has refuted claims that President Bola Tinubu requested the resignation of the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, due…

The Centre for the Promotion of Private Enterprise (CPPE) says some powerful forces are bent on preserving fuel importation in Nigeria.…