Business

Although the latest petrol pump price hike by the Nigerian National Petroleum Company (NNPC) Limited is seen as a step towards…

…as IMTO’s inflows hit $2.33bn The net foreign exchange inflows to Nigeria’s economy rose by 67.8 percent to $27.6 billion in the first half of 2024 (H1’24) from $16.44 billion in the corresponding period of…

…Portfolio investments rise 360% to $3.5bn in H1 …Investment growth linked to high-yield environment, reforms Foreign investments in the Nigerian equities market stood at $150 million in the second quarter…

The Federal Government has finalised the implementation framework for the executive order eliminating value-added-tax and excise duties on pharmaceutical products and medical devices. Tunji Alausa, Nigeria’s…

To perform a PoS transaction in Nigeria today, one would need to at least own a Debit card The value of Point of Sale transactions in Nigeria totalled N6.23 trillion between January and July 2024, according…

Edward Adamu, the fourth prosecution witness in the trial of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Wednesday, told the Federal Capital Territory High Court, Abuja, that…

The Chartered Institute of Bankers of Nigeria and the Body of Banks CEOs in Nigeria wish to express their concern over the persistent…

Petrol pump price rose to N1,030 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPC Ltd) in Abuja on Wednesday. The recent development comes after the NNPC decided to terminate…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that it is still in negotiations with the…

The President of Dangote Group, Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke at a summit organised by…

In an email sent to its customers on Tuesday, the bank stated that the upgrade will take place in phases, starting on Saturday, October 12, at 10 pm and ending on Sunday, October 13, at 6:30 am. The bank added…

Alhaji Aliko Dangote, President of Dangote Group, stated on Tuesday that the Dangote Refinery was built without any government incentives. Dangote shared this during his keynote address at the Crude Oil Refinery…

The Federal Government has approved Dangote Refinery as the exclusive supplier of jet fuel for Nigeria’s airline operators. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo,…

In a show of strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management…

The Nigerian Communications Commission (NCC) has withdrawn its statement claiming that Starlink did not receive regulatory approval…

Stakeholders and financial industry experts have reacted to the series of allegations against Guaranty Trust Holding Company…

The naira is projected to stabilize against the US dollar by the end of the fourth quarter of 2024, finishing the year strongly. This projection comes from a recent macroeconomic report by First Securities Discount…

Nigerian bank customers are set to witness more service disruptions in the coming weeks and months as the financial institutions embark on system upgrades to improve their operational efficiency and enhance customer…

The Nigerian Communications Commission (NCC) has said it would sanction Elon Musk’s internet company, Starlink, for increasing its subscription price in Nigeria without approval from the regulator. This followed a…

Nigeria’s oil futures, Brass River and Qua Iboe, recorded gains, climbing above $80 per barrel, amid escalating geopolitical tensions and global economic uncertainty. Brass River, a sweet medium light crude,…

Nigeria’s mobile money transactions have grown nearly 30-fold to N42 trillion over the past five years, thanks to Chinese companies’ discounted offers and transfers. Total mobile transactions between January…

Oando Plc has been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, which was owned by the defunct Petrotrin. Speaking during a budget…

...a testament to Dangote’s foresight, African entrepreneurship Celebrated diplomat and African Union High Representative for Silencing the Guns, Dr. Mohamed Ibn Chambas, has described…

The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery,…