Business

The total revenue that accrued to the coffers of the government from Value Added Tax between October 2023 and March 2024 increased by 58 per cent, Saturday PUNCH investigation has shown. This was contained in the various…

Shareholders of Nigerian Breweries Plc have approved a N600 billion capital raise through a rights issue to reduce its debt burden. The decision was taken at the 78th annual general meeting (AGM) of the company on…

The downward trend of the naira against the dollar has prompted Nigerians to pose questions to Yemi Cardoso, the Governor of the Central Bank of Nigeria about the…

The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad. In a on X on Thursday, Doris Uzoka-Anite, minister of industry, trade and investment, said…

British American Tobacco (BAT) is entangled in major legal proceedings across Nigeria, with five states demanding a total of N10.6 trillion (£9.3 billion) for healthcare costs linked to smoking-related diseases. These cases…

ByteDance, TikTok’s parent company, is contemplating shutting down the app in the US instead of selling it, Reuters reported citing four sources. This is coming as ByteDance faces legal challenges following legislation…

Telecommunication operators in Nigeria have said that their services are overdue for price increments as they have not implemented any upward price adjustment in the last 11 years. The operators stated this in a…

The Central Bank of Nigeria (CBN) has addressed circulating rumours regarding alleged directives aimed at restricting transactions with cryptocurrency exchanges. Contrary to these rumours, the CBN clarified that no such…

KPMG has announced the cancellation of job offers to some foreign graduates in the United Kingdom (UK). KPMG took this step following the decision of the UK government to tighten visa rules for overseas workers in a bid…

To purchase crude oil, modular refineries are to now pay 80 per cent of the amount in the United States dollar, while 20 per cent is to be paid using the local currency – naira, it was gathered on Wednesday. On April 16,…

The aggressive policies introduced by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to stabilise the naira have been applauded by the Diocesan Bishop of Ife, Rt Rev. Olubinmi Akinlade. The cleric made…

President Biden has signed a law to ban Chinese-owned TikTok unless it is sold within a year. It is the most serious threat yet to the video-streaming app's future in the U.S., intensifying America's tech war with…

The federal government has revoked 924 dormant licences across four sectors in the mining industry. The areas affected include exploration, mining, small-scale mining, and quarrying. Dele Alake, minister of solid minerals…

The president of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, says BDC operators are committed to preventing speculators from attacking the naira. Mr Gwadabe said this in an interview on…

Multi choice, operators of DStv and GOtv, have announced a price increase for its packages. The new prices take effect from May 1, 2024, just five months after its last price upward review. Multichoice, in a statement…

…Subsidiaries hit Ogun trade fair Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the…

Femi Otedola’s close relationships with influential figures in both business and politics serve as pillars of strength, propelling him forward…

The Philippines Security and Exchange Commission (SEC) has ordered Apple and Google to remove Binance app from their respective App stores for users in the Philippines. According to CoinTelegraph, a press release by the…

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per…

The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them of direct sales of US dollars at a discounted rate of N1,021 per dollar. This move marks the second…

Shareholders of Guaranty Trust Holding Company (GTCO) Plc will receive a total dividend of N94.180 billion for the financial year ending December 2023, representing a reward of N3.20 for each share held. It was the board…

The naira on Wednesday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market. The latest figure represents a 2.44 percent drop from the N1,230 per dollar on April 19.…

The federal government on Monday, April 22, vowed to sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to…

Officials of the Federal Competition and Consumer and Protection Commission (FCCPC) have sealed up an Abuja-based Chinese supermarket situated at the China General Chamber of Commerce. The FCCPC officials shut the…