Business

Mr Atedo Peterside Wednesday resigned from the board of directors of Nigerian Breweries Plc. The company secretary, Mr Uaboi Agbebaku, has informed the Nigeria Stock Exchange of the resignation.…

First City Monument Bank (FCMB) has announced a temporary suspension of the season seven edition of its promotion for savings account customers tagged, ‘’FCMB Millionaire…

The value of a country’s currency should, irrespective of whether it is operated on a fixed, floating or managed-float currency regime, depict the performance of the country’s economy and how long the country can maintain the…

In view of the coronavirus pandemic altering socio-economic activities around the world and as part of the on-going efforts to mitigate the effect on businesses and taxpayers, the Lagos State Internal Revenue Service (LIRS) has extended the…

The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering slightly Monday. This came after the credit rating agency cut South Africa’s rating below investment grade, citing a…

With effect from today, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to…

Nigeria’s local currency, the Naira, depreciated to N410 to the US dollar on the Parallel market on Friday in the face of looming uncertainties in the foreign exchange market. This comes as a consequence of the suspension of FX sales…

The Nigerian Ports Authority has directed all Terminal operators to suspend all applicable terminal storage fees on consignments (demurrage) for an initial period of twenty-one days effective March 23, 2020.…

Le Bijou, a Swiss luxury hotel, has launched a COVID-19 service for wealthy clients. Bloomberg Wealth reports that the hotel is offering clients meal delivery and medical services including COVID-19 tests. According to Alexander…

Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic.” Saudi…

.......Now world’s 77th richest person with $13.4bn The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according…

The Central Bank of Nigeria (CBN) has suspended foreign exchange sales to the Bureau De Change (BDC) operators until further notice. The Association of Bureau de Change of Nigeria (ABCON) had on…

First City Monument Bank (FCMB) has assured its customers of prompt and convenient financial services accessibility and delivery, despite the ongoing challenges posed by the COVID-19 (coronavirus) pandemic…

The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its fossil fuel production even as global demand for energy continues to fall due to…

Crude oil prices went up at trade opening on Wednesday with optimism that the $2 trillion aid package to stimulate the American economy would increase crude demand. International benchmark Brent oil prices crawled to $27.85 per…

Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends. Online voice and video calls at Facebook-owned Messenger and…

The Nigerian National Petroleum Corporation (NNPC) has announced an increased trading surplus of ₦5.28billion in its December 2019 operations compared to the ₦3.95billion surplus…

Over the weekend, some Nigerian banks worked out plans to prevent exposure of their staff and curb the spread of coronavirus in the country, POLITICS NIGERIA exclusively gathered. Banking sources told POLITICS NIGERIA that top management…

Bureaux De Change (BDCs) operators  across the country have been directed to comply with the new official exchange rate of N380 per dollar, as well as other provisions of the…

Oil prices fell more than $1 a barrel at the start of the trading session early Monday, as demand outlook for crude remains bleak amidst the coronavirus pandemic. Brent crude futures fell…

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…