Business

…Limited cash supply, low cash deposits caused rationing, says bank A resurgence of widespread and intense cash rationing by banks have compounded the severe economic challenges confronting Nigerians…

Nigeria’s total import from Malta rose was N766.81 billion in the third quarter of 2024, according to an analysis of the foreign trade statistics reports released by the National Bureau of Statistics (NBS).…

The naira crashed to N1640/$1 at the parallel market at the close of business on Tuesday, December 10, 2024, ending four consecutive days of exchange rate appreciation since the Central Bank of Nigeria (CBN)…

The House of Representatives on Tuesday unveiled plans to investigate the activities of the Central Bank of Nigeria (CBN) which resulted in scarcity of naira notes across the country. The resolution was passed…

BUA Group, one of Africa’s largest foods, mining, manufacturing, and industrial conglomerates, has signed an agreement with Starlinger & Co. Limited of Austria, a leading global supplier of machinery for…

On November 2, Taiwo Oyedele, chairman of the presidential committee on tax policy and fiscal reforms, claimed MTN Nigeria is the…

The Central Bank of Nigeria (CBN) has denied the sales of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,301 per dollar. In a post on X on Tuesday, CBN clarified that the circular did not…

The ongoing Value Added Tax (VAT) debate serves as a microcosm of the broader challenges within the country’s federal structure and economic framework. While the push for fiscal federalism underscores the need…

The Organisation of Petroleum Exporting Countries (OPEC), has confirmed Mr. Ademola Adeyemi-Bero who is Nigeria’s Governor for OPEC, as…

The assets Sale and Purchase Agreement (SPA) between Seplat Energy Plc and Mobil Producing Nigeria Unlimited (MPNU) is set to…

The Naira today appreciated to N1,550 per dollar in the parallel market from N1,555 per dollar last weekend. However , the Naira depreciated marginally to N1,538 per dollar in the official foreign exchange…

Concerned by the possible collapse of the telecommunication sector, which has been plagued by high inflationary pressures and currency devaluation, telcos are demanding a change in its tariffs but government…

The Dangote Petroleum Refinery has sought to amend its suit against the Nigerian National Petroleum Company (NNPC) Limited and other defendants. The plea to amend the suit followed an application by the NNPC before…

The South-East Caucus in the Nigerian Senate has failed to endorse the controversial tax bill of President Bola  Tinubu which is currently before the National Assembly. The Senate caucus joined called for wider…

For the first time, Nigeria has been excluded from countries with trapped funds as the International Air Transport Association (IATA) reported that $1.7 billion in airline funds are blocked from repatriation by…

• 2024’s collection grow by 96 per cent• The figure may cross N6.5 trillion this year State governments may see their monthly proceeds from the value-added tax (VAT) pool balloon by a staggering 182 per cent…

One year ago, Olayemi Cardoso, Central Bank of Nigeria (CBN) governor, gave a landmark speech at the Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN). It was his first policy speech…

Folake Ani-Mumuney was asked to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company, insiders have told TheCable. A top employee of…

•USD now N1,500, may hit N1,200 —Black market operators•Other foreign currencies also affected, P/Sterling now N1,750•Gold, other commodities are declining —Dealers•Time will tell of sustainability —Banker…

The Independent Petroleum Marketers Association of Nigeria has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, The PUNCH can report. This follows an agreement reached with the…

FCMB Group Plc has announced a 67% growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months ended September 30,…

The naira gained across foreign exchange markets as the dollar crashed further to N1,567 on Thursday, following the newly introduced electronic forex trading framework by the Central Bank of Nigeria (CBN).…

The Nigerian Consumer Credit Corporation (CREDICORP) and National Automotive Manufacturers Association (NAMA) yesterday signed a N20…

The Asset Management Company of Nigeria(AMCON) is trying to recover N4 trillion debts from debtors, Managing Director Gbenga Alade said yesterday. He said the company has successfully recovered N2 trillion from…