Business

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…

The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other…

…Ogun thumbs up cement company No fewer than 245 youths from Dangote Cement Ibese Plant’s 16 host communities have been trained and empowered till date in different skills since the commencement…

The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian customers. An NRC is a company not registered or…

Binance, one of the largest cryptocurrency exchanges in the world, says it restricted the accounts of 281 Nigerian users to prevent fraudulent activities and ensure the security of its…

Ten customers of Fidelity Bank Plc have become N1million richer having received their cash prizes for emerging winners in the January draw of the Bank’s Get Alert in Millions savings promo, season…

If you are one of those entrepreneurs who want “to chill with the big boys”, one name that would likely be on your top 100 Nigerian businessmen list is, Chief Dele Fajemirokun.…

After five months on the market, Leonardo DiCaprio has found a buyer for his Los Feliz home according to Mansion Global. The actor listed the five-bedroom, eight-bathroom property for $5.75 million in August, but after a…

The Central Bank of Nigeria (CBN) has amended the operational guidelines on global standing instruction (GSI). The GSI is a policy that allows banks to debit the accounts of loan holders in other banks to settle defaults. In a…

Airtel Africa, a multinational telecommunications company, has surpassed Dangote Cement to become the most capitalised company listed on the Nigerian Exchange Limited (NGX). For the…

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked marginal oil fields awarded to 33 companies for their default on payment of signature bonus with the 45…

Ghana secured $7.33 billion dollars in revenue since it started commercial oil production in 2011, the 2021 Semi-Annual Report of Petroleum Funds has revealed. Of the earnings, $6.02 billion was obtained from total liftings,…

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the implementation of the recently launched electronic invoice (e-invoice) for all import…

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria has not spent dollars to import cement in the last seven years. A statement from the CBN said he spoke at the inauguration of the new BUA…

The Central Bank of Nigeria (CBN) has appealed to cement manufacturers to consider reducing the high cost of cement. The CBN Governor, Godwin Emefiele, made the call at the official…

Tesla rode rising demand for electric vehicles to a record $5.5 billion profit in 2021 as it managed through a range of supply chain issues. Elon Musk’s company, which scored an 87 percent jump in auto deliveries last year in…

Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between Russia and Ukraine. Over the past months, oil prices have continued to surge amid increasing demand for the commodity.…

Airfare across the country has crashed making air travel affordable to middle class after it went beyond their reach during the yuletide season. LEADERSHIP had reported in December…

The ripples effect of the recent listing of BUA Foods PLC on the Nigerian exchange has continued to be felt internationally as it has reflected in Forbes placement of Nigerian…