Business

A flagship subsidiary of Access Holdings, Access Bank, says it has completed the acquisition of Standard Chartered Bank, in Angola, and in Sierra Leone. Roosevelt Ogbonna, Managing Director/Chief Executive…

The Naira yesterday appreciated to N1,740 per dollar in the parallel market from N1,745 per dollar on Wednesday. Likewise, the Naira appreciated to N1,644.86 per dollar in the Nigerian Autonomous Foreign Exchange…

Senator Ali Ndume, lawmaker representing the Borno South Senatorial District, has said that political undertakers are doing damage to President Bola Ahmed Tinubu. Ndume stated this while discussing the tax…

The Nigerian National Petroleum Company Limited (NNPCL) has restricted the purchase of petrol from the Port Harcourt Refinery…

Barring last-minute changes, the Senate will pass the controversial Tax Reform Bills today, exempting those earning below N1 million per annum from the tax net. Vanguard gathered that most lawmakers who were…

Foreign Portfolio  Investments, FPIs,  on the Nigerian Exchange Limited (NGX) reached a new high with total value of transactions at N744.34 billion in the ten months ended October 31, 2024 (10M’24), the highest…

The recently rehabilitated Port Harcourt Refinery has begun selling Premium Motor Spirit at N1,045 per litre, a price N75 higher than the N970 per litre offered by Dangote Refinery, the Petroleum Products Retail…

The Ogun State Chamber of Commerce, Industry, Mines, and Agriculture (OGUNCCIMA) has praised the monumental contributions of…

The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators from December 3, 2024, to June 3, 2025. Aminu Gwadabe, president of the Association of Bureaux…

The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade value of $100,000. The directive,…

The labour movement and the Organised Private Sector have projected higher inflation and a weaker naira following the latest hike in the country’s interest rate to 27.50 per cent by the Central Bank of…

The investment and acquisition of 8%stake in UTM Floating Liquefied Natural Gas plant by the Delta State government is adjudged as best…

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country to 27.50 percent — from 27.25 percent. Olayemi…

…Dangote Cement, Refinery win Sectoral, Groundbreaking investment awards    In a blitz of honour, the Pan-Africa…

The Attorney-General of Ondo, Dr Kayode Ajulo, has asked all unlicensed lottery and gaming operators and agents in the state to regularise their operations or face legal consequences. Ajulo, who is also the…

It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR). An economic expert, Dr Chijioke Ekechukwu said this in an interview with…

The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security (FMAFS), and Fundação Getulio Vargas (FGV) of Brazil have signed a Memorandum of Understanding (MoU) to advance…

The United States Embassy and Consulate in Nigeria have revealed that there has been a seven percent increase in US foreign direct investment to Nigeria. The Consul General, United States Embassy and Consulate in…

Stakeholders in the rice sector have lamented the rising cost of the produce in spite of the Federal Government’s tax waiver. The stakeholders disclosed this in separate interviews with the News Agency of…

Halima Aliko-Dangote, group executive director of Dangote Industries Limited (DIL), says family-owned businesses (FOBs) contribute significantly to the global economy in ways that are often overlooked. Aliko-Dangote…

                    The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.This is a cut from…

Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based…

The Dangote Refinery has successfully exported its jet fuel to various international destinations, including airports in Iceland, Tenerife, and London. According to a report by SP Global Commodity Insights, the…

“The corporation has also made a total payment of about 3 trillion to the Central Bank of Nigeria from 2013 through to 2023,” Alade said. “Out of N4.1 trillion for asset purchase and financial accommodation to…