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Nigeria’s FOREX reserves plunge By $359.81 Million In One Week
Nigeria’s foreign exchange (FX) reserves have recorded a notable decline, shedding $359.81 million…
First City Monument Bank Announces Appointment Of Executive Director
First City Monument Bank (FCMB) is pleased to announce the appointment of Felicia Obozuwa as Executive…
Minister pegs new telecoms tariff hike at between 30 to 60%
THE Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, hinted Wednesday that the tariff hike to be approved by the Nigerian…
BREAKING: Nigeria’s inflation rate rises to 34.8%
The National Bureau of Statistics says Nigeria’s inflation rate was 34.80 percent in December — up from 33.60 percent in November. The data is…
Marketers shift to Dangote Refinery as petrol depot price hits N950/ltr
THE Independent Marketers Association of Nigeria, IPMAN, said it has shifted loyalty to the Dangote Petroleum Refinery as the depot price of Premium Motor Spirit, PMS, also known as petrol rose by 4.7 per cent to N950 per…
BREAKING: Nigerian Navy detains Oil Vessel linked to Nduka Obaigbena
The Nigerian Navy has arrested and detained an Oil Vessel belonging to General Hydrocarbons Limited, a company owned by Nduka Obaigbena, the Chairman of Thisday Newspapers and Arise Television. This development is…
US securities regulator sues Musk over purchase of Twitter shares
The United States Securities and Exchange Commission has sued the world’s richest man, Elon Musk, arguing that his purchase of Twitter shares in 2022 was carried out with violations, the regulator said in a filing…
Telecoms operators earn N5.3 trillion revenue in 2023
Telecommunications operators in Nigeria earned N5.3 trillion in revenue from their service offerings in the country in 2023. The Nigerian Communications…
Nigeria earned N50tn from crude oil in 2024 – Report
Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by The PUNCH revealed. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, confirmed that…
FRC Plans Review Of Banks’ Books
As banks in Nigeria bring in new money to meet the capital raise ordered by its regulator, the Central Bank of Nigeria (CBN), the Financial…
FG announces two savings bonds
Nigeria’s government is offering two new Savings Bonds through its Debt Management Office. The first one is a…
Telcos to disconnect banks over N250b USSD debts
Some banks risk disconnection by telecom operators over their failure to comply with a directive of the Nigerian Communications Commission (NCC) to repay the N250 billion Unstructured Supplementary Service…
Lagos-Calabar Road Project Missing In 2025 Budget
There is uneasy calm over the omission of the Lagos-Calabar Coastal Road from the 2025 budget proposal presented to the National Assembly recently by President Bola Ahmed Tinubu, Daily Trust can report.…
$2.58m, N276m Debt: Nova Bank Asks Court To Wind Up Sunrise Products Ltd
Nova Commercial Bank has petitioned the Federal High Court sitting in Lagos to grant an order winding up Sunrise Products Ltd for failure to…
Banks, FIRS in tango over windfall tax
Nigerian banks are in a tango with the Federal Inland Revenue Service (FIRS) over how much should be paid in a one-off foreign exchange windfall tax, two weeks after an initial deadline elapsed. President Bola…
What Obaigbena did with $230m loan from First Bank — Otedola
The Chairman of First Bank Holdings, Chief Femi Otedola, has revealed what the Publisher of Thisday Newspaper, Nduka…
Recapitalisation: Bank mergers, acquisitions loom
With less than 15 months to recapitalisation deadline, banks have stepped up preliminary consultations on the prospect of business combinations. The ongoing recapitalisation is heading down to more competitive…
Employers Get Jan. 31 Deadline To File Tax Returns In Lagos
The Lagos State Internal Revenue Service (LIRS) has given employers in Lagos State January 31 to fulfill their statutory obligation to file annual tax…
Lagos-Calabar Highway: Landmark paid N10bn in taxes before demolition, says CEO
The Chief Executive Office, of Landmark Africa Group, Paul Onwuanibe, has disclosed that the company paid over N10bn in taxes a year before the demolition of parts of its premises as a result of the construction of…
FG should consult widely on Tax Reform Bills – Speaker, Oyo State House of Assembly, Ogundoyin
In this interview, the Speaker, of Oyo State House of Assembly and Chairman, the Conference of Speakers of State Legislatures, Adebo Ogundoyin, tells TOPE OMOGBOLAGUN about Constitution Amendment Bills, Tax Reform…
Fidelity Bank donates maternity kits to Lagos women
Fidelity Bank Plc has donated maternity kits to 30 pregnant women at Mushin Primary Health Centre, Lagos. The donation, organised by the Great Minds Inductees Class, was made possible through the Fidelity Helping…
BDCs struggle to meet N2bn recapitalisation despite extension
Some Bureau De Change operators are still struggling to meet the fresh N2bn recapitalisation threshold of the Central Bank of Nigeria despite the extension they received in December. The President of the Association…
Fuel prices may rise as crude nears $80/barrel
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined…
Serial outages: Dangote, NNPCL, Total, 247 firms dump discos, generate 6,500MW
•Operators blame poor supply for move •FG laments exit from national grid As the country battles incessant blackouts, about 250 manufacturers and academic institutions have abandoned their respective…