Business

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N442.37 billion in August as proceeds from the sale of domestic crude oil in May 2022.…

Despite the swings in the Nigerian economy, with all the macro-economic indicators…

The Federal Government is working hard to clear the $464m blocked funds belonging to foreign airlines, the Minister of Information and Culture, Alhaji Lai Mohammed, has disclosed. He also said…

There are strong indications that importers of used vehicles also known as Tokunbo have now resulted in the importation of accidented cars following the astronomical rise in the cost of…

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Elon Musk has launched legal action to summon Twitter co-founder Jack Dorsey to appear in court as part of his legal battle with the tech company. Musk is seeking to end his $44bn deal for…

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Air Peace has said its temporary withdrawal…

THE Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, yesterday, urged the President, Dangote Group, Aliko Dangote, to contribute towards the development of his country’s…

More pressure has been mounted on the Federal Government over the $464m trapped funds belonging to foreign airlines flying Nigerian routes. This comes on the heels of Emirates’ stoppage of…

Many money men covet and lobby far and wide…

The National Pension Commission (PenCom) says the total number of registered contributors and the value of pension fund assets stand at 9,795,957 million and N14.27 trillion respectively, as at…

The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN…

The inability of some of the foreign airlines to repatriate their ticket sales out of Nigeria in almost 12 months has led to payment of the country’s service providers in naira, rather than in dollars.…

As the cashless economy sustain momentum, the value of cheque transactions in Nigeria fell month-on-month (MoM) by 12 per cent to N240 billion in July from N274 billion in June. Disclosing this in its…

The Federal Competition and Consumers Protection Commission, FCCPC, has directed payment systems operators, PSOs, such as Flutterwave, Opay, Paystack and Monify, as well as telecommunication…

Zainab Ahmed, minister of finance minister, budget and national planning,…

The Minister of Mines and Steel Development, Olamilekan Adegbite, has hinted that the enormous and abundant mineral resources spread across every part of the country has potential to make the…

Power generation and distribution companies owe Nigerian banks N836.09bn amid the lingering problems plaguing the sector since it was privatised over eight years ago. This is according to the Central…

Higher oil export volumes, coupled with rising petrol prices, will boost Russia’s earnings from energy exports to $337.5bn this year, a 38 percent rise from 2021, according to an economy…

The Naira on Wednesday appreciated against the dollar at the Investors and Exporters window, exchanging at N429.38. The figure represented a gain of 0.16 per cent compared with the N430.67 it…

A Bloomberg report has knocked the Federal Government over what it termed a “flip-flop” in the ExxonMobil-Seplat Energy shares deal, warning that indecisiveness on the deal could hurt Nigeria’s oil reform. ExxonMobil, Delaware, USA, had…

The Central Bank of Nigeria (CBN) has reverted its earlier five per cent…

Following his visit to Nigeria earlier in the year,…