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After Rebasing, NBS Puts Headline Inflation at 24.48% in January from 34.80% in December
•Food index drops to 26.08% from 39.84% •Core inflation now 22.59% from 29.28% •New CPI reflects current inflationary pressure, consumption pattern, says statistical agency •Clarifies declined in rebased…
Naira rises to N1,555/$ in parallel market
THE Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,570 per dollar last week Friday. But the Naira depreciated to N1,512 per dollar in the Nigerian Foreign Exchange Market (NFEM).…
FIRS begins alleged tax evasion trial of Binance services in Nigeria
The Federal Inland Revenue Service (FIRS) on Monday began the trial of Binance, a cryptocurrency exchange platform, in the alleged tax evasion case filed by the tax agency. The FIRS presented its first witness,…
If $23bn refinery didn’t work, I was dead – Dangote
Billionaire Aliko Dangote has described his $23 billion Dangote Refinery project as the “biggest risk” of his life, acknowledging the challenges he faced in bringing the venture to fruition. In an exclusive…
House of Reps Speaks on Binance Bribery Controversy, Reveals Position
The House of Representatives has responded to bribery allegations made by a senior executive at cryptocurrency exchange Binance, Tigran Gambaryan, stating…
Africa’s richest man, Aliko Dangote plans $400 million Ethiopia cement plant expansion
Aliko Dangote, Africa’s richest man, has announced a $400 million plan to push a second production line at the Mugher cement plant in Ethiopia, a move expected to double the facility’s annual output to 5 million tons. The…
Activities for the Burial of Boardroom Titan, Bode Emanuel Begin in Lagos
The family of the late board room titan and foremost accountant, Justin Olabode Emanuel (Esq) has…
CBN to continue managing Keystone Bank
Your funds are safe, apex bank tells customers The Central Bank of Nigeria (CBN) has confirmed that it will continue to manage Keystone Bank…
FG sold $700m Delta Steel Company for $30m, says BPE DG
The Director General of the Bureau for Public Enterprises, Ayodeji Gbeleyi on Friday, revealed that Delta Steel Company, valued at over $700m, was sold for a paltry sum of $30m. Gbeleyi stated this while interfacing…
FG Dismisses Gambaryan’s ‘False Allegations,’ Says Binance Offered $5m Payment
The Federal Government on Friday dismissed the claims by Binance’s Head of Financial Crime, Tigran Gambaryan, who spent eight months in a Nigerian detention facility over alleged corruption. Gambaryan, a…
JUST IN: Reps Spokesperson Agbese Reacts to Allegation of Requesting Bribe from Binance Executive
The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has denied allegations made by Tigran…
NSA Nuhu Ribadu Wanted Billions In Payouts To Fund His Political Ambition –Binance Executive…
Tigran Gambaryan, a former US federal agent and Binance employee, has made startling allegations against the National Security Adviser (NSA) Nuhu Ribadu following his release from detention in Nigeria. Detained in…
CBN plans sanction against banks imposing ATM withdrawal limits below N20,000
The Central Bank of Nigeria (CBN) has warned that it will sanction banks that compel customers to withdraw less than N20,000 per transaction from Automated Teller…
Loan controversy: Bisi Onasanya storms court to clear name
In a determined effort to prove his innocence and clear his name, the former group managing director of First Bank, Dr. Bisi Onasanya, yesterday, appeared before Justice Chukwujekwu Aneke, at the Federal High…
Alleged N30bn fraud: Otudeko to know fate March 17 | EFCC demands ex-chairman’s presence in court
A federal high court sitting in Lagos will on March 17 deliver its ruling on the various applications challenging its jurisdiction in the charge filed against Oba Otudeko, the former chairman of First Bank…
Nigeria records N3.5trn post-harvest losses annually… reliable cold chain system needed…
The Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA) says Nigeria must prioritise cold chain infrastructure to save the country from post-harvest losses. Alexander Isong, president of…
We’ve invested $700m to end sugar importation in Nigeria – Dangote
…begins fertiliser export to US, France, others The President of Dangote Group, Aliko Dangote, has disclosed that the conglomerate has invested over $700m in sugar production, in order to end raw sugar…
Empowering Entrepreneurs through FCMB Millionaire Promo
Four lucky winners have emerged from the first draw in the ongoing FCMB Millionaire Promo season 10. They are Issa Aliyu, a…
Naira down to N1,570/$ in parallel market
The Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,560 per dollar on Tuesday.But the Naira appreciated to N1,513 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data…
Coca-Cola Hints At Increased Plastic Use Amid Trump Tariffs
Coca-Cola may be compelled to expand its reliance on plastic bottles in the United States if tariffs on aluminum imports result in higher costs for aluminum cans, the company’s Chief Executive Officer, James Quincey,…
Zero Processing Fee; GTBank Removes POS Processing Fees to Support Businesses
Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions. This initiative, which…
Monopoly should be discouraged — Oil marketers
Oil marketers, under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have advocated a holistic market where Nigeria-based refiners, importers, depot owners and retail…
Customs suspends 4% FOB charge on import
• Manufacturers fear for sectors’ survival, asks FG to halt 41% CISS fee • Reps ask FG to suspend telecom tariff hike…
Trudeau Says Canada Will Resist US Steel Tariffs ‘Strongly And Firmly’
Canadian Prime Minister Justin Trudeau said on Tuesday that his country will resist any US tariffs on steel, announced by President Donald Trump, that he said would hit the US’s “closest ally”. Such tariffs…