Business

A prominent Pay-TV operator, Multichoice Nigeria, has challenged the jurisdiction of the Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja which recently restrained it from increasing in the prices of…

The CEO of cryptocurrency giant Binance, Tuesday, claimed that some agents of Nigerian officials demanded secret payment to make its problems “go away”. Richard Teng, who took over from founder and former CEO Changpeng…

United Bank for Africa Plc, Africa’s global bank, released its financial results for the first…

The Corporate Affairs Commission (CAC) has set a two-month deadline for Point of Sale (PoS) operators in the country to register their agents and merchants. According to the new directive, PoS operators in the country are…

Banks in Nigeria will start charging a 0.5 per cent cybersecurity levy on electronic transfers in two weeks, based on a new Central Bank of Nigeria directive. This announcement was made in a circular signed by Chibuzor…

Nigeria plans to delist the naira from all Peer-to-Peer crypto platforms to reduce the manipulation of the local currency in the foreign exchange market. Emomotimi Agama, Director General of the Securities and…

The Corporate Affairs Commission and some Point of Sale operators have agreed to protect customers’ interest. The Registrar-General of CAC, Hussaini Magaji, said this when the operators visited him in his office in…

The daily foreign exchange turnover at NAFEX, the official platform where forex is traded, dropped to $84.3 million, representing the lowest point in approximately ten weeks. This decline was highlighted by the latest…

The Central Bank of Nigeria (CBN) has ordered banks to enact the process of deduction of cyber security levy to be administered by the office of the National Security Adviser (NSA).   This was disclosed in a circular to…

The Apapa Command of the Nigeria Customs Service (NCS) has achieved a major feat by generating a staggering N672.1 billion in revenue between January and April this year. This was announced by the outgoing Area…

The management of Dangote Cement Plc., Ibese Plant has assured that it would continue to complement the efforts of the Ogun State Government in…

FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to…

The management of Landmark Resort Beach says it has initiated the refund process for customers impacted by the recent demolition of portions of its properties by the Federal Government. According to a statement posted on…

Every year African nations lose a large chunk of their high-net-worth individuals to the warm embrace of emigration, a new report has shown. This is according to a recent report by Henley & Partners that shed light on…

As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National…

The Federal Government has directed Deposit Money Banks to immediately begin the deduction of 0.375 per cent stamp duty charge on all mortgaged-backed loans and bonds. Mortgage-backed loans are loans extended by financial…

Oando Plc is struggling to stay afloat despite offloading several subsidiaries a few years ago. Since its shareholders’ equity turned negative in…

The naira, Thursday, fell to 1,402.11 per dollar, at the official foreign exchange (FX) market, from N1,390 quoted on Tuesday according to data by the FMDQ securities Exchange. On Monday, the naira fell to 1,419.11…

The Competition and Consumer Protection Tribunal in Abuja, has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing the DSTV tariff, be pasted at the firm’s corporate headquarters, or any…

The Federal Government may approve ExxonMobil’s asset sale to Seplat in less than two weeks if parties agree to two mutually exclusive options relating to decommissioning and host community rights, according to the…

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive…

In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn…

Exchange rate gains during the month of April led to a slowdown in inflation pressure, according to the Stanbic IBTC Nigeria Purchasing Managers Index (PMI) in the month of April. The country’s PMI in the month under…

Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in Nigeria. During the latest Monetary Policy Committee…