Business

Central banks are looking towards the renminbi to diversify their foreign currency holdings in a…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has developed key initiatives aimed at reducing crude…

The Federal Government has announced a new Cigarette Tax regime that will see the price for a pack of 20 cigarettes increase…

As a sign of commitment to promptly honour its debts obligations always, Nigeria has redeemed its 300 million dollars diaspora bond which matured on June 27. This is according to a statement by the Debt…

The House of Representatives has passed for second reading, a bill seeking to establish an Entrepreneurship Development Bank of Nigeria, with the aim of providing soft loans for small and medium scale enterprises…

Investors in MTN’s Public Offer for Sale conducted in December 2021 have gained an estimated N35 billion since the…

The Trade Union Congress of Nigeria, TUC, has defeated Union Bank, the parent body of…

The Central Bank of Nigeria, CBN has been urged by the Manchester Metropolitan…

Fidelity Bank, a leading financial institution in Nigeria has collaborated…

With its weekly intervention of $210 million, the Central Bank of Nigeria (CBN) has, as at the weekend, injected a total of $840 million into the foreign exchange market this month, as part of efforts to…

Following the successful liquidation of its indebtedness, the Asset Management Corporation of Nigeria (AMCON) has declared Josepdam & Sons Limited and Josepdam Sugar Company Limited free of any debt obligation…

As a businessman in Nigeria, you are most likely not pleased with the interest rate hike. Despite the dwindling economy, the interest rates keep growing, making it more difficult to access and repay loans.…

Amazon, an American e-commerce company, says it is looking to recruit qualified persons for seven positions based in Lagos, Nigeria.  The e-commerce platform is set to launch operations in Nigeria by…

Following the failure of several palliatives to strengthen both Niger Insurance Plc and the Standard Alliance…

Unclaimed dividends by Nigerian stockholders reached N180 billion last December, according to Alhaji Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC). He told newsmen the commission is…

The Nigerian Upstream Petroleum Regulatory (NUPRC) says the 2020 marginal field bid round exercise generated about N200 billion as well as $7 million in revenue for the federal government (FG). Gbenga…

Favour Fame-Eruagbere, a staff of Sterling Bank Plc, Effurun, Delta State Branch, is currently on the…

Bureaux de Change (BDC) operators are seeking stake in the $20 billion yearly diaspora remittances that constitute a large part of dollar inflows to the economy,  President, Association of Bureaux De Change…

Despite high inflation, fuel shortages and frequent electricity blackouts in Nigeria, South African-based pay-TV operator…

The Billionaire founder of Luxottica an eyewear giant company which owns billion-dollar…

Russia looks set for its first sovereign default in decades as some bondholders said they had not received overdue interest on Monday following the expiry of a key payment deadline a day earlier. Russia has…

Momo Payment Service Bank Limited (MPSBL), the banking subsidiary of MTN…

A new report has revealed that 42 per cent of billionaires under the age of 30 are domiciled in the United States. Released by MoneyTransfer on Friday, the report said that the U.S. accounts for five of the 12…

For the fifth time in 2022, the Nigerian National Petroleum Company (NNPC) Limited…