Business

The Central Bank of Nigeria (CBN) has released the list of 28 companies that benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP). CBN released the list in a document posted on its…

Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of Shoprite. According to a statement by Purple Group, owners of Purplemaryland, the opening will allow customers…

The Federal Government has paid bridging claims amounting to N22.7bn to transporters of petroleum products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has said. The NMDPRA said the government would…

Billionaire Femi Otedola has made new nomination into First Bank barely two months after he became the single largest shareholder of the oldest commercial  bank in the country.…

THE management of Shebah Exploration & Production Company Ltd (SEPCOL) has announced a fire incident, which engulfed the oil and gas company’s offshore facility in the Niger Delta.…

Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and the new 508. The assembly of Peugeot vehicles…

Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year as fuel demand recovers from the impact of the COVID-19 pandemic. The companies, namely Conoil Plc,…

A Lagos High Court sitting at Osborne on Wednesday renewed its order to all banks to furnish it with the account details of Imagine Global Holding Company Limited and its alter…

The Central Bank of Nigeria, CBN has secured the help of Nigeria Security and Civil Defence Corps (NSCDC) Anti Corruption and Transparency Unit to help recover N296.6 million from farmers in Benue State. Speaking during a…

President/CE, Dangote Industries Limited and Africa’s wealthiest man, Aliko Dangote on Tuesday, January 1st, 2022 received the prestigious award of the ‘Champion of CILT’ in recognition of his personal and the group’s contributions and…

Regulators across the globe are getting more serious about crypto this year, as concerns grow about the environmental impact of crypto-mining and the use of digital assets for illicit activities. A Bloomberg report on…

The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as income tax. This, it…

Nigeria LP Gas Association has commended the Nigeria LNG Limited for the decision to supply 100 per cent of its LPG production to the Nigerian market. The President and Executive Council of NLPGA, Mr Nuhu Yakubu, described…

Major Bitcoin (BTC) investor ​​MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday. According to an official form with the United States Securities and…

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has joined the Managing Director of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe and a host of dignitaries including…

The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of First Bank Holding Plc and chairman of the company to…

Col. Hameed Ali (rtd), the Comptroller General, Nigeria Customs Service (NCS), has raised concern over the Finance Act, saying that some sections of the Act negate its mandate of revenue collection. He raised the concern at…

The completion of the Lekki Port will put an end to the intractable Apapa gridlock, the congestion along Oshodi-Apapa Expressway, port access roads and Apapa environs, Governor Babajide…

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Tuesday, inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes per day. The factory was established by a Kano businessman…

MTN Nigeria Communication Plc has said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians. The telecommunications company said this in a statement titled…

MTN Nigeria Communications (MTNN) Plc has announced that its first public offer for sale of 575 million shares recorded an over subscription of 139.47 per cent. This is contained in a…

With the takeoff of its sugar tax that has seen the rise in prices of some soft drinks, carbonated drinks and sweetened beverages, the federal government is set to earn billions of naira…

The Manufacturers Association of Nigeria (MAN) has expressed concerns over the Central Bank of Nigeria’s (CBN) guidelines on e-Valuation and e-Invoicing; asking the apex bank to suspend the policy for now and give adequate…

Some banks are working hard to take over 60 per cent stakes in some power Distribution Companies (DisCos) from the core investors for failing to repay at least N819.9 billion acquisition…