Business

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday revealed that the various initiatives aimed at encouraging domestic production, have resulted in Nigeria’s monthly import bill falling…

Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country. The marketers,…

Ethiopian Airlines, the largest Aviation Group in Africa has won the 2018 Best Airline in Africa Award for the 7th year in a row from African Airlines Association (AFRAA). The award was give in recognition of its…

It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of…

The Economic and Financial Crimes Commission (EFCC) has seized about N1, 260, 000, 000 from Heritage Bank and Secure Electronic Technologies Limited. Other forms of cash finally forfeited to the government are…

An investigation by PREMIUM TIMES has established reasons why the United Kingdom’s Serious Fraud Office (SFO) did not prosecute oil and gas firm, Oriental Energy, after it was named in a UK criminal conviction. …

•NCC says device type matter in service offering• 9Mobile explains challenges, wants CNI bill passedTelecommunications subscribers are unhappy with the mobile network operators over slow Internet connections, especially the fourth…

…Reiterates commitment to developing capital market…As 384 out of 449 CMOs complied with recapitalisation…Market indicators extend losing streak by 1.33% The Security and Exchange Commission (SEC) has said a total of 2.55 million…

• Nigeria, Saudi Arabia to partner on refineries • OPEC considers output cut to stabilise prices The presidency said Wednesday that the federal government is investigating multinational giants, including Mobil Oil Producing…

The House of Representatives is calling for the revocation of  Malabu Oil Block ( Oil Prospecting Licence  245) because Nigeria stands to lose $10b in the controversial deep water oil block. The outcome of various…

Domestic carrier, Air Peace on Tuesday received the last of the six 50-seater Embraer 145 jets it recently acquired, assuring that its vision of providing seamless flight services on the domestic, regional and international…

Senators were, yesterday, divided over the alleged non-remittance of N177 billion operational surplus made by Nigerian Ports Authority, NPA, into the consolidated federation account.The disagreement came up when a member of the…

The Economic and Financial Crimes Commission (EFCC) yesterday  handed over 116  cars and 20  landed properties in Edo, Rivers and Lagos states recovered from Michael Obasuyi Osasogie to First Bank Plc. Osasogie…

The U.K.’s development finance arm, CDC Group Plc, may invest more than $1 billion in Nigeria over the next four years as the government looks to increase business ties with Africa after it leaves the European Union in March.…

After losing a record $2.1 billion in 30 days, Nigeria’s foreign reserve is on the rise again. Data from the Central Bank of Nigeria, seen by TheCable, showed that the nation’s reserve surged by over $230…

The Senate yesterday directed the federal government to suspend the implementation of the proposed 500 per cent hike in excise tariff on alcoholic beverages and tobacco products. It advised that the implementation of a new…

The story of the revolution of cashew farming in Nigeria is incomplete without reference to Miftah Adediran who is 39 years old. The Oyo born prince is one of the biggest growers of cashew in Nigeria. Adediran…

South Africa has increased its minimum wage to N126,480 per month. The news is coming at a time Nigerian workers are uncertain their struggle for a N30, 000 minimum wage would yield result.The Global Wage Report 2018/19…

Taxpayer population in the country is set to hit 33 million, Chairman, Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler,  said yesterday at the 142nd meeting of…

The Federal Government on Monday said the 2019 target date for the stoppage of importation of refined petroleum products into the country was no longer feasible.Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed…

PT Tokopedia, Indonesia’s largest online marketplace, has become the country’s most valuable startup after raising $1 billion from existing investors including SoftBank, according to people familiar with the matter.   Tokopedia’s…

       *We’ve deposited cash with CBN —Malami *FG signs new pacts with 6 countries to block looting of funds Although the Nigerian Government is yet to prosecute and convict many individuals and entities involved in…

There were more revelations Thursday as the Senate Committee on Gas investigating the alleged $1.05 billion withdrawn from the Nigeria National Petroleum Corporation dividends in the Nigeria Liquefied Natural Gas was told that…

The Central Bank of Nigeria (CBN) is probing banks’ enrollment of their customers in the Bank Verification (BVN) platform to ensure the integrity of the process, The Nation learnt yesterday. The BVN gives a unique identity…