Business

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, has announced a final investment…

The Dangote Refinery and Petrochemicals complex has been hailed as an astonishing masterpiece, showcasing Nigeria’s technological…

THE Dangote Petroleum Refinery said it has exported Premium Motor Spirit, PMS, also known as petrol to Cameroon, Ghana, Angola and South Africa. Vice President of Oil and Gas, Dangote Industries Limited, Dr.…

The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular signed by Solaja Olayemi, the acting director of currency operations…

The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out. A statement on Friday by CBN’s…

Access Holdings says its banking subsidiary, Access Bank Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of a 100 percent equity stake in Bidvest Bank…

…Dangote Refinery, Neptune Oil Announce their first export transaction of Refined Products to Cameroon  …

The exchange rate between the naira and dollar slid back to around N1,745/$1 on the parallel market a sharp reversal from the sub N1,600 levels recorded at the end of last week. An earlier article by…

…Limited cash supply, low cash deposits caused rationing, says bank A resurgence of widespread and intense cash rationing by banks have compounded the severe economic challenges confronting Nigerians…

Nigeria’s total import from Malta rose was N766.81 billion in the third quarter of 2024, according to an analysis of the foreign trade statistics reports released by the National Bureau of Statistics (NBS).…

The naira crashed to N1640/$1 at the parallel market at the close of business on Tuesday, December 10, 2024, ending four consecutive days of exchange rate appreciation since the Central Bank of Nigeria (CBN)…

The House of Representatives on Tuesday unveiled plans to investigate the activities of the Central Bank of Nigeria (CBN) which resulted in scarcity of naira notes across the country. The resolution was passed…

BUA Group, one of Africa’s largest foods, mining, manufacturing, and industrial conglomerates, has signed an agreement with Starlinger & Co. Limited of Austria, a leading global supplier of machinery for…

On November 2, Taiwo Oyedele, chairman of the presidential committee on tax policy and fiscal reforms, claimed MTN Nigeria is the…

The Central Bank of Nigeria (CBN) has denied the sales of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,301 per dollar. In a post on X on Tuesday, CBN clarified that the circular did not…

The ongoing Value Added Tax (VAT) debate serves as a microcosm of the broader challenges within the country’s federal structure and economic framework. While the push for fiscal federalism underscores the need…

The Organisation of Petroleum Exporting Countries (OPEC), has confirmed Mr. Ademola Adeyemi-Bero who is Nigeria’s Governor for OPEC, as…

The assets Sale and Purchase Agreement (SPA) between Seplat Energy Plc and Mobil Producing Nigeria Unlimited (MPNU) is set to…

The Naira today appreciated to N1,550 per dollar in the parallel market from N1,555 per dollar last weekend. However , the Naira depreciated marginally to N1,538 per dollar in the official foreign exchange…

Concerned by the possible collapse of the telecommunication sector, which has been plagued by high inflationary pressures and currency devaluation, telcos are demanding a change in its tariffs but government…

The Dangote Petroleum Refinery has sought to amend its suit against the Nigerian National Petroleum Company (NNPC) Limited and other defendants. The plea to amend the suit followed an application by the NNPC before…

The South-East Caucus in the Nigerian Senate has failed to endorse the controversial tax bill of President Bola  Tinubu which is currently before the National Assembly. The Senate caucus joined called for wider…

For the first time, Nigeria has been excluded from countries with trapped funds as the International Air Transport Association (IATA) reported that $1.7 billion in airline funds are blocked from repatriation by…

• 2024’s collection grow by 96 per cent• The figure may cross N6.5 trillion this year State governments may see their monthly proceeds from the value-added tax (VAT) pool balloon by a staggering 182 per cent…