Business

Union Bank of Nigeria said on Sunday that some of its workers would work from home from Monday and also quickly denied social media report that it would shut down its daily operations because of the…

Federal Inland Revenue Service (FIRS ) in January 2020 collected tax revenue of N338.1 billion against a tax target of N620.2 billion. The figure represents the aggregate…

Bolaji Abimbola, Managing Director of Integrated Indigo Limited, one of Nigeria’s leading integrated communication firms, has been honoured with the ‘Public Relations Practitioner of the Year Award’. Abimbola, who was…

THE Central Bank of Nigeria (CBN) reportedly fined major banks and bureau de change operators hundreds of millions for committing all forms of infraction including selling foreign exchange to…

Having technically devalued the Naira, the bankers’ committee, yesterday, prioritised access to foreign exchange, asking firms to import only what they need and focus on sourcing raw materials and inputs…

      The Central Bank of Nigeria has reacted to news it has devalued the Naira by as much as 15 percent, moving it from the official price of N307 to N360 and also adjusting the import and export window price from N360 to N380. In a…

When Saudi Arabia, OPEC’s de facto leader and most influential member, decided at its latest meeting in Vienna to break its recent strategic oil…

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars higher than N380 to end users. This is compared to the previous…

Allocations to the three tiers of government in naira would increase as the federation accounts allocation committee (FAAC) had adopted the N360/$ exchange rate, TheCable can report. This comes after the FAAC meeting ended in a…

The Central Bank of Nigeria has moved the FX sales rate to FPIs to N380.2/$, from N366.7/$, in a move that suggests a technical devaluation of the naira, information available from Bloomberg terminal shows. An analyst in Lagos…

The ad hoc committee of the national economic council (NEC) says distribution companies (DisCos) owe the electricity market N230 billion as a result of inefficient collection system and under…

Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to…

The naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of the market on Thursday. The naira had recently suffered some beating due to the impact of the…

Nigerian stocks fell 2.94% on Thursday to their lowest level in more than eight years as the number of coronavirus cases in the West African nation rose. Nigeria on Wednesday recorded eight confirmed coronavirus cases. On Thursday…

Guaranty Trust Bank Plc has announced the launch of Beta Health, a low-cost health financing product that offers instant access to health insurance for every Nigerian. The first of its kind…

South Africa’s rand weakened on Wednesday amid mounting fears over the fallout from the coronavirus crisis, while investors awaited consumer price inflation and retail sales data to gauge the health of an already battered…

Two days after it unveiled a six-point palliative to ameliorate the continued impact of the corona virus on the Nigerian economy and supply chains round the globe, the Central Bank…

U.S. President Donald Trump announced a plan on Tuesday to send as much as $1000 to Americans immediately to ease the economic shock from the coronavirus crisis. Treasury Secretary…

Airlines are no longer able to comply with current rules on refunds for cancelled or late flights as the coronavirus pandemic hits the aviation industry. The International Air Transport…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that N50 billion has been earmarked to support families and businesses affected by the impact of the novel coronavirus in the country. Speaking to journalists in…

Shareholders of Zenith Bank Plc on Monday at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend…

Age they say is nothing but a number but not when you are 126 and still relevant. FirstBank Ltd, Nigeria’s oldest bank has in so many ways stood the test of time. Thus, if…

Amazon.com Inc said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their…

The Central Bank of Nigeria (CBN) has directed all deposit money banks in the country to restructure loan terms and tenors to households and businesses affected by the…