Business

The Central Bank governor, Olayemi Cardoso, has stated that the bank fast tracked the remittance of around $600 million through International Money Transfer Operators (IMTOs). He stated this yesterday…

Africa-focused e-commerce retailer, Jumia Technologies, will shut down its South African online fashion retailer, Zando and its Tunisian operations by the end of the year. CEO Francis Dufay revealed that the…

As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote…

A Nigerian citizen, Targema Steve, has filed a lawsuit at the Federal High Court in Lagos, requesting the court to dissolve the merger between NNPC Retail Limited, Nueoil Energy Limited, and OVH Energy Marketing…

•NUPRC concludes assessment, communicated decision to bidders in early August •Posers over…

The Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso, said yesterday that the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as at October 11. He also said though inflation had…

The federal government has formally handed over the Kashimbila Dam to KP Hydro Limited, a private firm belonging to former Minister of Defence, Theophilus Danjuma. The handing over took place at the Dam site…

Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has clarified that the four bills transmitted to the National Assembly on tax reforms by President Bola Ahmed Tinubu are not aimed at…

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says “strategic interventions” of the apex bank have produced encouraging outcomes. He stated this while making a presentation at a stakeholders’…

Following a dramatic intervention by the Department of State Services (DSS), the Nigeria National Petroleum Commission Limited (NNPCL) have reportedly agreed to sell Premium Motor Spirit (petrol) to members of the…

Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month.   This is…

The Federal High Court in Abuja has granted the Inspector General of Police (IGP) an additional 30-day freezing order against 818 bank accounts currently under investigation for allegedly receiving “proceeds of…

The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction. Indermit Gill, Senior Vice President…

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that wealthy Nigerians earning N100m and above monthly will face a 25 per cent personal income tax rate if a new…

The Director-General of the Securities and Exchange Commission, Dr Eromomotimi Agama, has stated that the five banks that tapped the market to raise fresh capital were oversubscribed. This was disclosed in a…

Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says 90 percent of Nigerian taxpayers currently are people who should not be taxed. Speaking at the 30th Nigerian Economic…

The Police on Monday re-arraigned four bloggers, Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami, on fresh charges before the Federal High Court in Lagos for allegedly cyberstalking and publishing…

Aradel Holdings is set to officially list its shares on the Main Board of the Nigerian Exchange (NGX) at N702.69 per share on Monday, October 14, 2024. This follows the company’s recent announcement that it…

There is uncertainty over the commencement of lifting of premium motor spirit (PMS) otherwise known as petroleum from Dangote Refinery by the Independent Petroleum Marketers Association of Nigeria (IPMAN), Daily…

In the wake of the tragic death of Dr. Herbert Wigwe, former Group Managing Director of Access Holdings, a contentious legal battle, is…

The national assembly is considering a bill proposing an increase in the value-added tax (VAT) from 7.5 percent to…

BlackRock Inc.pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record $11.5 trillion of assets as it seeks to become a one-stop…

The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Ltd (NNPC Ltd), Mele Kyari, has said that the removal of fuel subsidy in Nigeria has reduced arbitrage. He explained that it has…

Air Peace has denied any wrongdoing by its Chairman and Chief Executive Officer, Dr. Allen Onyema, and Chief of Finance and Administration, Mrs. Ejiro Eghagha, who have been charged by the United States for…