Business

The Federal Government of Nigeria under the leadership of President Muhammadu Buhari, has mandated all Nigerians with foreign assets to pay tax on those assets or face prosecution. In a statement posted on social media by Garba…

Forbes Africa, a major global research firm, has rated Nigeria as the 2018 best economy in Africa, beating South Africa, Egypt and others. According to Forbes, Nigeria came top with $172 billion, which was followed by South Africa…

On any given weekday, commuters in Lagos, Nigeria’s commercial capital, are snarled in traffic for hours. Container trucks and tankers take up several lanes of traffic on the major thoroughfares close to the city’s ports. Often these…

The federal government has awarded the cash transfer of N5,000 to the Nigeria Postal Services (NIPOST) under the present administration’s  social welfare package to most vulnerable Nigerians, Post Master General, Barrister Bisi…

No fewer than 36 banking centres have been opened by the Nigerian Postal Services (NIPOST) in the South East, the Zonal Manager, Dr Asuquo Abianga has said. Abianga disclosed this on Tuesday in an interview with the News Agency of…

The new minimum wage for workers in the country may have been fixed for N30,000 as the committee finalised its negotiation last Friday. This was even as the committee is set to present the report which has N30,000 recommendation to…

The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies. The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market…

Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed today that the $8.1billion which MTN Group Limited is expected to repatriate to Nigeria may get reviewed. The Governor, who was speaking to journalists in London,…

Zainab Ahmed, minister of finance, says all those responsible for the failure of Skye Bank will be prosecuted. The minister made this known on Friday when she paid a courtesy visit to the Nigerian Deposit Insurance Corporation (NDIC)…

The shares of Italian giants has dropped amid Cristiano Ronaldo’s rape allegations, after the club stood by the Portuguese star. Ronaldo’s move to Juventus in the summer gave the Italian champions a huge boost, both on and off the…

Nigerian National  Petroleum Corporation, NNPC,Thursay, said its earnings from crude oil and gas export appreciated by 35.78 per cent to $416.07 million in June 2018. In a statement on its Financial and Operations Report for June…

Daughter of billionaire owner of Oriental Energy, Alhaji Mohammed Indimi, Ameena Indimi is in the news again. Ameena seems to have become a consistent trouble maker and the most troublesome daughter of her father. She is the wife…

Hilton Worldwide Holdings Inc., operators of the popular and luxury global hospitality group Hilton Hotels, has opened a new hotel at the Murtala Muhammed International Airport (MMIA), Lagos. The new establishment, which is named…

Kylie Jenner, recently featured on the cover of Forbes’ ‘60 Richest Self-Made Women’ issue, is also the highest paid celebrity on Instagram. Hopper HQ, an Instagram post-scheduling tool, has composed a list of top 10 highest paid…

• Agusto assigns ‘5 star’ ratings to four banks More Nigerian retail banks and their customers are adopting a “digital-centric” approach to banking, the 2018 Consumer Digital Banking Satisfaction Index Report, has shown. According…

The Federal Government has announced a 90-day special window for registration of new businesses at a reduced rate of N5000 only.Vice President Yemi Osinbajo, who disclosed this on Tuesday, said the gesture was part of its bid to further…

Brent crude oil prices hit their highest level since November 2014 yesterday ahead of U.S. sanctions against Iran. Brent sweet crude oil futures rose to as much as 83.27 dollars a barrel. U.S. West Texas Intermediate crude futures…

MTN Nigeria is exploring other means of availing the public of the benefits of owning its shares outside of listing on the Nigerian Stock Exchange, its Chief Financial Officer Ralph Mupita has said. The new share unbundling idea is a…

*How He Secured A Multi-Billion Naira Loan To Finance The Revival Of Moribund Government-Owned NITEL and Yola Disco  + How government’s refusal to honour contractual agreements ran him into monumental debt It wouldn’t be hyperbolic to…

The late Chief Moshood Kashimawo Olawale Abiola was arguably the richest Nigerian of his time. A brilliant mind with impeccable antecedents, Abiola was a tycoon and the biggest philanthropist in Africa. He was an African pillar with…

The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nationhas learnt. The naira, which exchanging at N361 to dollar early last week, firmed at N357 in the…

AMERICAN Express said it decided to remove Nigeria from its blacklist and return its card services to Nigeria in recognition of the huge number of honest Nigerians angling for its services. Meanwhile, UP, also known as Unified Payments,…

About 19 companies have indicated interest to acquire Afam Power Company and Yola Power Distribution Company (YPDC) recently put up for sale by the federal government. The Bureau of Pubic Enterprises (BPE) spokesperson, Amina Tukur,…

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected…