Business

The World Bank has asked the Federal Government to issue a presidential order raising excise duties on “sin goods” such as alcohol, tobacco, and sugary drinks as a key requirement under the $750m loan granted to…

Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency has recovered some money from crypto bridge exchange (CBEX), a failed digital investment and trading platform. Speaking…

The Niger Delta Power Holding Company (NDPHC) Limited has said operational challenges, including staggering N600 billion debts owed by the Nigeria Bulk…

The Independent Petroleum Marketers Association of Nigeria has said the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save its face. IPMAN said the facility’s…

The Chairman of MOJEC, Mrs Mojisola Abdul, has commended President Bola Tinubu’s ‘Nigeria First Policy’, which bans the importation of products that could be produced locally. MOJEC, a meter manufacturing company,…

“Fuck you! Fuck you! Fuck you!” Treasury Secretary Scott Bessent was shouting at Elon Musk in the halls of the West Wing last month, loud enough for…

The Nigeria Youth Forum (NYF) has called on President Bola Ahmed Tinubu to revoke the licences of underperforming electricity distribution companies (DisCos) and invite credible investors with the technical capacity…

US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States. Trump initially said the tariff would apply only to…

US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones the company sells in the United States are not manufactured locally. In a post on Truth Social Trump said he had “long ago…

The Treasury Department has said the production of one cent coins will end in the US in 2026. This announcement marks the phasing out of the coins, commonly known as pennies, which have been in circulation for…

US President Donald Trump hosted a closed-door dinner for hundreds of top investors in his crypto memecoin Thursday, as sign-holding protesters outside and Democratic opponents decried the event as blatant “corruption.”…

The Federal Government has inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria, with a directive to strengthen asset recovery and commence a credible, time-bound wind-down of the…

Nigerians living abroad are now required to pay $50 (about N80,000) to register for the bank verification number (BVN), according to findings by TheCable. On May 13, the CBN, in collaboration with the Nigeria…

The naira on Thursday stabilised at N1,584 following a moderation in demand for the dollar, cross foreign exchange (FX) markets. After trading yesterday, the naira recorded slight loss of 46 kobo as the dollar was…

The Nigerian Financial Intelligence Unit (NFIU) has issued an advisory to financial institutions, designated non-financial businesses, and professions, as well as…

When Bayo Ojulari, the newly appointed Group Chief Executive Officer of NNPC, announced that preparations were underway to restart crude…

Peter Obi, former Labour Party presidential candidate, has denied the report that he travelled to Rome to meet President Bola Tinubu over an alleged ₦225 billion debt linked to Fidelity Bank. In a statement…

THE chairman, Dangote Group of company, Alhaji Aliko Dangote on Wednesday asserted that every one Naira made from local investment in Nigeria, fifty two Kobo goes to the federal government through taxes.…

The naira yesterday appreciated to N1, 615 per dollar in the parallel market from N1,620 per dollar on Tuesday. Similarly, the Naira appreciated to N1,583 per dollar in the Nigerian Foreign Exchange Market (NFEM).…

The National Bureau of Statistics,  NBS, yesterday, said Imo, Jigawa and Sokoto States paid the highest retail prices for petrol in April 2025. Jigawa residents paid N1588.50 per litre while Sokoto and Imo States…

President Bola Tinubu has granted access to China to establish electric car manufacturing factories in Nigeria. This was disclosed by Olusegub Dada, the special assistant to President Tinubu on social media. Dada, in a…

Seven technology companies defied tough economic conditions in Nigeria to grow their combined revenue by 621.53 percent, rising from $76.14 million in 2020 to $549.37…

The World Bank yesterday said Nigeria recorded a $2 billion   trade deficit   in   cereal in 2023. The World Bank disclosed this in a Report titled: “Transport connectivity for food security in Africa, Strengthening…

…Says ADF spends over N50bn yearly on 'Giving Back to Africa' Aliko Dangote, the Chairman Aliko Dangote Foundation and President/Chief Executive, Dangote…