Business

The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic invoice authenticated by the authorised-dealer banks on the Nigeria single window portal, Trade Monitoring…

Petrol subsidy payments gulped N1.43 trillion in 2021, shrinking revenue accrued to the federation account to N542 billion — a shortfall from the projected N2.51 trillion. Subsidy or…

In a blog post published in the early hours of Thursday morning, cryptocurrency exchange Crypto.com acknowledged that the company had lost well over $30 million in Bitcoin and Ethereum after a hack that took place on January…

Bank customers in the country have continued to embrace electronic channels of financial transactions as emerging facts indicate a sustained decline in cheque usage across board. Findings by New Telegraph revealed that…

*It’s strange that 5G will cause interference, says telcos International airlines are beginning to cancel scheduled flights to most cities in the Unites States over fear of 5G network interference on aviation signals…

The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued a new fatwa against cryptocurrency use, deeming it haram, or unlawful, for…

The Debt Management Office (DMO) says the country’s January bond issuance valued at N214.05 billion ended with an oversubscription of N139 billion. The debt office disclosed in the FGN bond result released on Wednesday. It…

Rasheed Bolarinwa, head, corporate communications, Polaris bank, has been elected president of the Association of Corporate Affairs Managers of Banks (ACAMB). This was…

Illegal promoters and operators of Ponzi/Pyramids Schemes in Nigeria are to get a 10 year jail terms in an upcoming bill of the House of Representatives. The bill will also make the Securities and Exchange Commission (SEC)…

African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum…

The Lagos State Internal Revenue Service has given a deadline for employers of labour in the state to file their annual tax returns for 2021. This was contained in a…

MTN Nigeria Plc said it is awaiting the completion of the review process by Securities and Exchange companies SEC to announce the offer result and share allotments. its company…

A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current Managing Director of the company, Akin Doherty, have begun discussions on a possible…

Oil jumped to a seven-year high early on Tuesday, a day after Yemeni Houthis attacked targets in the United Arab Emirates (UAE) with drones. The attack and the the continued tightness in the oil market lifted prices, reports…

The Minister of State for Environment, Sharon Ikeazor has commended Nigeria Liquefied Natural Gas (NLNG) Limited for its courageous decision to suspend the export of cooking gas while approving 100 per cent domestic supply of…

A group of advertising companies will be showcasing the achievements of Babajide Sanwo-Olu, governor of Lagos state, on their top light-emitting diode (LED) media platforms to applaud his…

The Central Bank of Nigeria (CBN) has empowered at least 4,489,786 farmers through intervention financing, leveraging its flagship programme, the Anchor Borrowers’ Programme (ABP).…

2021 was slow for most people but technology was at its highest due to the effect of COVID-19 shutdown. People started to hug their technologies whether they liked it or not as an after effect of the shutdown across the world.…

On Thursday, the Africa Export-Import Bank (Afreximbank), in collaboration with African Union (AU) and African Continental Free Trade Area (AfCFTA), officially launched…

The consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63 percent in December 2021 — This is the first increase after…

Mele Kyari, chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, says the Petroleum Industry Act (PIA) provides business opportunities that will enable the company earn more revenue for the…

The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m in October 2021, from $660m recorded in September. The CBN disclosed these figures in its latest monthly economic…

The Supreme Court has reversed its earlier decision which dismissed an appeal filed by Guaranty Trust Bank against a N2.4bn judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State.…

…As Afreximbank launches centralised payment, settlement infrastructure platform for intra-African trade President of Dangote Group, Aliko Dangote, has charged African leaders and…