Business

The federation account allocation committee (FAAC) says it has adopted the N436.38/$1 exchange rate for the month of…

From today, June 26, 2023, importers will pay more import duty for the clearance of their cargoes at the nation’s seaports as the Central Bank of Nigeria (CBN) has increased the official exchange rate used by the…

In 2022 alone, an unstable and unfairly priced electricity supply forced manufacturers to spend a whopping N144.5 billion on self-generated electricity. This was about an 87 per cent increase from the N77.22…

The National Bureau of Statistics (NBS) yesterday revealed that the average price of Liquefied Petroleum Gas (LPG), cooking gas, crashed by 6.07 per cent from N4,642.27 in April to N4,360.69 in May 2023. In its…

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, Acting Governor, Central Bank of Nigeria (CBN) to “immediately delete the patently unlawful provisions in the Central Bank of…

Governor Sheriff Oborevwori of Delta has felicitated with the Managing Director and Chief Executive Officer of UTM FLNG Limited, Mr…

Yes, Julius Rone is 49 today! In the oil and gas arena, the billionaire businessman behind the much-talked about UTM FLNG Limited, is a virtuoso.…

There are at least seven things Nigeria can do to improve dollar liquidity in its foreign exchange market after a bold move this month…

Rihanna appears to have stepped down as the CEO, of the popular clothing brand, X-Fenty if reports by…

Commercial bank customers in the country are required to submit their social media handles and emails to their banks according…

It’s 2016 all over again in Nigeria. Africa’s biggest economy is once again torn between achieving low-interest rates or attracting…

It was meant to be an arrangement by which Nigeria swapped crude oil for refined petroleum products but now it has emerged the country has…

President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African…

Nigeria Consumer Protec- tion Network (NCPN) has said that the electricity tariff in Nigeria will be increased by 50 per cent as implementation of a review of the Multi-Years…

MTN Group has asked the IHS board to call an extraordinary general meeting of its shareholders. According to the firm, this is to ensure IHS considers its proposal, and any other shareholder proposals relating to…

Electricity distribution companies (DisCos) in Nigeria made a total of N247.33 billion in the first three months of 2023. The National Bureau of Statistics (NBS) disclosed this in its latest report on electricity for Q1 …

Rice produced from the Lagos State-owned 32-metric tonnes per hour Imota Rice Mill in Ikorodu has now hit the market, with the listing of the commodity for trade in Lagos Commodities and Futures Exchange (LCFE) on…

The exchange rate between the naira and dollar sold for an intra-day high of N815/$1 at the official Investor & Exporter Window on Wednesday, June 21, 2023. This is the highest rate traded for the dollar on the…

The Nirsal Microfinace Bank has commenced recovery of loans granted to some Nigerians during the Covid 19 pandemic. The deduction is based on…

There are strong indications that international airfares, especially on the Nigerian routes, may skyrocket once again as the International Air Transport Association (IATA) has, on Wednesday, pegged $1 to N770. Already,…

A total of $788 million has been recorded as cumulative turnover in the official Investor & Exporter window, a week after the unification of the exchange rate was announced.   The Central Bank of Nigeria announced a…

The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria float of the naira. The…

Nigerian FMCGs reported a surge in revenues despite facing a precarious economic environment in 2022. The companies were just recovering from…

The Customs Area Controller, CAC of the Kirikiri Lighter Terminal, KLT, Command of the Nigerian  Customs Service, NCS, Timi…