Business

…as e-payment gains tractionValue of cheque transactions across the country stood at N1.9 trillion in the last five months, New Telegraph has learnt.This, however, showed a decline in the paper-based deals compared to…

Sixty-Two debtors are owing the Asset Management Corporation of Nigeria (AMCON) N10 billion and above each, the agency has said. The corporation was established on July 19, 2010, when AMCON Act was…

The on-going tussle between the Securities and Exchange Commission and the management of Oando Plc is significantly having negative effects on shareholder value, writes Oluchi ChibuzorMinority shareholders in Oando Plc are…

The Bank of Industry (BoI) disbursed over N270billion in 2018, the Executive Director, Large Enterprises, Bank of Industry, Mr. Simon Aranonu has said. Speaking in an interview with The Nation at the…

After series of warnings from the CBN and SEC, it's so unfortunate that some Nigerians still went ahead to invest in the Ponzi scheme, Loom. Lagosians storm LOOM headquarters as they claim no staff has been on ground since last week.…

The  Economic Intelligent Department of the Central Bank of Nigeria (CBN) has started investigating the accounts of those who are involved in smuggling or dumping palm oil into Nigeria. This…

The Central Bank of Nigeria (CBN) has directed banks to commence funding for small holder farmers and companies producing five products under its export facilitation initiative (EFI). The five products…

The Central Bank of Nigeria (CBN) has disbursed N30 billion to local palm oil producers following its renewed commitment to end importation of foreign fabrics.CBN Governor, Mr. Godwin Emefiele, disclosed this yesterday at…

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange…

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday. Figures obtained from the CBN…

Nigeria’s second Sovereign Green Bond offered for N15 billion has been oversubscribed by 220 per cent, the Debt Management Office (DMO) said on Thursday. A statement from DMO said “the proceeds…

The Nigeria Customs Service (NCS) has increased its revenue generation to N5.5 billion daily. Comptroller-General (CGC), Col. Hameed Ali (rtd), made this known during a working visit to the headquarters of the National…

Alcohol consumption is a big business in Nigeria with consumers spending just less than a quarter of a trillion naira in 2016. According to the latest data from the nation’s statistics bureau, in 2016 alone, Nigerians…

The Federal government via the Nigerian power sector regulator – Nigerian Electricity Regulatory Commission (NERC) – has granted Green Energy International Limited (GEIL), the Operator of the…

Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown.…

Huawei has told Verizon that the U.S. carrier should pay licensing fees for more than 230 of the Chinese telecoms equipment maker’s patents and in aggregate is seeking more than $1…

The Federal Government may relax the ban on importation of vehicles through the land border.The government had in January 2017 ordered a ban on importation of vehicles through the land borders.The restriction on the…

•34.9m still unlinkedThe number of Biometric Verification Number (BVN) linked accounts in the country rose to 38 million as at June 9 this year.This, New Telegraph learnt, showed that about 600,000 accounts were linked in…

The Federal High Court in Lagos has granted leave to Oando Plc Group Chief Executive Officer Mr Wale Tinubu and his deputy Mr Omamofe Boyo to file a motion for a judicial review of the Securities…

The Central Bank of Nigeria (CBN) has finally responded to the report of change in Nigeria’s exchange rate system, dismissing the report that naira has been “floated”. According to information…

Being in debt sucks and can be extremely stressful, however with determination and discipline, there are some simple and effective ways to get out of it. Here are four ways you can get out of debt.…

As part of efforts to increase patronage at the Eastern Ports, the management of Nigerian Ports Authority (NPA) has approved a ten Percent (10%) discount on harbour dues in all concession…

The head of Amazon.com Inc’s cloud computing division on Monday said the company would work with any government agency that followed the law, in contrast with rival Microsoft Corp, which has…

The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook Inc. and Alphabet Inc.’s Google.The Yaba area, home…