Business

The volume of dollars traded (turnover) in the official foreign exchange market, also known as the Investors and Exporters (I&E) window  rose by 95 per cent, year-on-year (YoY) to $20.23 billion in…

Importers of low-cost vehicles may have been pushed out of business by the new regime of duty being paid at the ports. The duty has gone up by a minimum of 120 per cent on vehicles manufactured before 2013. For…

…Commend Dangote for transforming their lives…

The court of appeal sitting in Lagos has ruled that the Federal Inland Revenue Service (FIRS)…

The Nigerian Exchange (NGX) Limited have been suspended trading on the shares of Ardova, Royal Exchange and seven other quoted…

As the Eid-el-Kabir festival inches closer, Muslim faithful are grumbling over the high cost of rams. Even though many of those who are used to slaughtering animals to commemorate the season are still…

Google will fund a $90-million settlement to small app developers who had alleged the technology giant abused its market position, according to statements seen by AFP Friday. The funds are expected to result in…

Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors as…

Operatives of the Economic and Financial Crimes Commission (EFCC) are currently at the head office of NOVA Merchant Bank Limited to…

After over five years of delay, the federal government, on Thursday, concessioned the Onitsha…

The federal government has approved the clearing of the C-band spectrum to speed up the deployment of 5G services across the country. C-Band refers to radio frequency bands between 4 and 8GHz, according to the Institute…

The U.S. Commodity Futures Trading Commission (CFTC) said it had filed civil charges against South African Cornelius Johannes Steynberg and his company for operating a fraudulent commodity pool worth over $1.7…

President Muhammadu Buhari on Thursday in Lisbon, Portugal, indicated that Nigeria is ready to fill the natural gas gaps in Europe predicated by the current Russian-Ukrainian war. The President also said with over 200 million…

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…