Business

The Central Bank of Nigeria has said that the general public can return mutilated bank notes to their banks after the September 2 deadline earlier reported.It stated that banks would continue to accept the bad notes…

•Says I wrote Jonathan, Diezani, Egbogah •P&ID: Jonathan government opted for arbitration, appointed Bayo Ojo to represent FG THOSE WHO KNEW ABOUT THE CONTRACT The late…

The Central Bank of Nigeria, CBN, has told Nigerians to take all their torn and mutilated Naira notes to the banks on Monday in exchange for clean naira notes. The deadline for such…

The Federal Government has ordered the Nigeria Immigration Service to ensure that passports are issued to Nigerians within 48 hours after application.The Minister of Interior, Rauf Aregbesola, on Friday, decried the…

The Federal High Court in Abuja has granted the Asset Management Corporation of Nigeria (AMCON) application to take over the assets of the Chairman of SEPLAT Petroleum Development Company, Ambrosie Orjiako.The…

Airtel Nigeria is now the second-largest telecommunications service provider in the country. According to the July subscriber data released by the Nigerian Communications Commission…

Businesses operating in Nigeria’s internet space are preparing to add value-added tax (VAT) to their cost of doing business. Babatunde Fowler, executive chairman of the Federal Inland…

European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.…

The Rice Processors Association of Nigeria on Thursday backed the Federal Government’s closure of the land border with Benin Republic and other neighbouring countries.It said the move was needed to address the rising…

The Federal Government will not write-off the loan given to members of the Master Bakers Association of Nigeria under the N3.4bn Cassava Bread Intervention Fund.The Cassava Bread Fund was created by the Federal…

Barely three months after local oil firm, Prudent Energy Services Limited bought Forte Oil from the Nigerian billionaire, Femi Otedola, the company is planning to make another round of…

In order to show support for government’s decision to close the country’s border at Seme to rice smuggling, rice processors in Nigeria have pegged the retail price of rice at not more…

At least 22 major infrastructural projects worth over $47bn have been linked to Chinese firms as China continues to support its companies to win prime contracts in Nigeria to maintain a foothold on the nation’s…

Hundreds of existing and start-up entrepreneurs based in Oyo State have benefitted from the seventh edition of the First City Monument Bank (FCMB)-organised free comprehensive capacity building…

A refinery belonging to Aliko Dangote, Africa’s richest man, has taken delivery of a heat recovery steam generator. A heat recovery steam generator (HRSG) is a heat exchanger, used in…

Tougher days await habitual defaulters of bank loans as stakeholders in the banking industry have backed the moves by the Central Bank of Nigeria (CBN) and the Bankers’ Committee…

An Italian oil major, Eni, has said that it has made a huge gas and condensate discovery onshore Niger Delta.Eni said on Tuesday that through its affiliate, Nigerian Agip Oil Company, it made a significant gas and…

HUNDREDS of existing and start-up entrepreneurs based in Oyo State have benefitted from the seventh edition of the First City Monument Bank (FCMB) organised free comprehensive…

On August 26th, the Nigerian Stock Exchange ended trading on a bearish note, a situation that inevitably resulted in many investors losing billions of naira. Some of those who lost the…

The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value-Added Tax (VAT) in the second quarter (Q2) of 2019.  …

…stops credit payments for imports......Banks notify customersThe Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) in the country to stop the processing of milk and its related products on “Bills…

NIGERIA and other African countries are targeting Value Added Tax (VAT) revenue from the over $1trillion infrastructure investment coming into the continent Executive Secretary of the…

Apple has had its market value reduced by $44 billion following the continued trade war between the United States of America and China. The President of the United States of America, Donald…

The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after…