Business

The naira closed against the dollar at N1,502 at both parallel and official sections of the foreign…

Organised Labour through the Nigeria Labour Congress, NLC, has forced the Federal Government to reduce telecommunications tariff hike from 50 percent to 35 percent. Vanguard gathered that the reduction followed a…

Over the last five financial years, Oando has recorded a positive net operating cash flow only once, in 2023. This is a cause of concern as it raises questions about the company’s ability to generate…

In his long-awaited autobiography, former Nigerian military…

•Inaugurates Industrial Revolution Work Group  •Olusegun Aganga: lack of continuity country’s major problem, not plan Minister of State for Industry, Senator John Enoh, yesterday, called for…

The Director-General (D-G) of the Debt Management Office (DMO), Ms. Patience Oniha, has said that the agency appointed Stanbic IBTC as Government Stockbroker owing to its comprehensive, diversified financial…

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which benchmarks interest…

The naira’s strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market on Wednesday, February 19, 2025. This represents an N11 or 0.72% gain when compared…

US airline Delta will offer $30,000 to each passenger on a plane that crashed as it landed at Toronto airport this week, the carrier told AFP on Wednesday. “This gesture has no strings attached and does not affect…

The prices of major staple food items in Lagos State experienced a significant decline in February 2025, following months of continuous price surges. This development has brought relief to traders and…

The Nigerian government, through the Federal Inland Revenue Service (FIRS), has asked the Federal High Court in Abuja to order Binance Holdings Limited to pay $79,514,055,594.40 and N231 million for economic losses…

The Central Bank of Nigeria has urged banks to ensure that their customers have access to cash at their Automated Teller Machines as the increase in ATM transaction fees takes effect on March 1. This was disclosed by…

Legislators in Lagos State have commended the Lagos State Internal Revenue Service for achieving an unprecedented milestone in revenue generation,…

The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunate drama and bad marketing practice. Kyari, who was…

The Manufacturers Association of Nigeria (MAN) yesterday told the federal government that the sector “is on its last breath” as “the future of the country will continue to hang in balance unless the plights of…

The Central Bank of Nigeria has directed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. A…

Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. It would be…

Many Nigerians have dumped Nigerian National Petroleum Company Limited, NNPLC, retail outlets for the Dangote Refinery, in partnership with MRS…

Elon Musk’s artificial intelligence company unveiled on Monday the latest version of its chatbot, Grok 3, which the billionaire hopes will find traction in a highly competitive sector contested by the likes of ChatGPT…

Aliko Dangote takes a deep breath, before reflecting on the odyssey of building Africa’s largest oil and gas refinery. “This is a very, very big relief,” says Dangote, who is speaking with Forbes via video conference…

The Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to step down immediately. Insider loans are loans granted by a bank or financial institution to its own…

Investors are more confident on the outlook for the Nigerian economy as gains from macroeconomic reforms embarked upon by the President Bola Tinubu’s administration gradually take firmer shapes. Data tracked…

Nigeria’s foreign reserves surpassed the $40 billion mark for the first time in three years, marking a significant milestone in economic recovery efforts. Central Bank Governor Olayemi Cardosoattributed the rise to key…

•Food index drops to 26.08% from 39.84%  •Core inflation now 22.59% from 29.28%  •New CPI reflects current inflationary pressure,  consumption pattern, says statistical agency  •Clarifies declined in rebased…