Business

Google, Netflix, Facebook and other foreign companies operating in Nigeria paid N2.55tn in taxes to the Federal Government in the first six months of 2024, Sunday PUNCH reports. The amount represents an increase…

As the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting Premium Motor Spirit (PMS),…

Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond.…

• STOAN Urges NIMASA To Utilise Stevedoring Levy For Dockworkers Maritime Workers Union of Nigeria (MWUN) has expressed displeasure over the continuous delay in the renewal of licenses of terminal operators at the…

In a significant step towards promoting cleaner energy solutions, the Federal Government, through the Presidential CNG Initiative (P-CNGi), has expanded the distribution of its CNG conversion kits across Nigeria. The…

Nigerian commercial banks have suffered a massive loss of N42.6 billion to fraud within just three months, according to a report released by the Financial Institutions Training Centre (FITC). The report covers the…

The marks of old age were only apparent on Regina Wazani at close range as she moved about…

The federal government says Dangote Petroleum Refinery will commence the distribution of premium motor spirit (PMS), also known as petrol, on Sunday. Wale Edun, the minister of finance and coordinating minister of…

A US district court in New York has sentenced Tyrese Haspil to 40 years in prison for the murder of Fahim Saleh, founder of Gokada, a Nigerian ride-hailing  company. Although Haspil was sentenced on Friday, the…

…25m litres to be delivered daily via NNPC trading Ltd Dangote Refinery is set to commence the distribution of its refined petrol to marketers across…

A private company, Donnington Nigeria Ltd, along with its foreign partners, has notified the President Bola Tinubu-led Nigerian government of its intention…

Workers at Boeing represented by the International Association of Machinists and Aerospace Workers (IAM) have embarked on strike following an overwhelming vote to reject a proposed contract. The strike began at midnight…

The Central Bank of Nigeria (CBN) says inflation will be driven by changes in energy prices, exchange rates, and transportation costs, over the…

Nigeria’s external reserves, also known as foreign currency reserves, jumped by $490 million in one week following…

The Nigerian National Petroleum Corporation (NNPC) has requested a permanent presence at the Dangote Refinery as part of their ongoing crude supply deal.   This was revealed by Devakumar V.G. Edwin, Vice…

Marketers of petroleum products in Nigeria have reportedly written to President Bola Tinubu to complain that the drop in price of Dangote Refinery’s diesel to N900 per litre, is negatively affecting their businesses.…

Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, seeking to end government price controls due to subsidies. The Major Energies Marketers…

The Barge Operators Association of Nigeria has said the group mobilised four million twenty-foot equivalent containers from imports and exports from 2019 to 2024. The President of BOAN, Olabunmi Olumekun,…

A federal lawmaker, Clement Jimbo, has called for the removal of the Group Chief Executive Officer of the Nigerian National Petroleum Company…

Stanbic IBTC Plc, the Nigerian unit of Standard Bank Group Ltd., expects the proposed windfall tax on foreign exchange gains to have a minimal effect, consuming only a modest portion of 10% of its profits. During an…

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial…

GTCO Plc released its second quarter audited financial statements showing a pre-tax profit of N494.5 billion nearly double the same profits reported a year earlier. This represents the best second-quarter results reported so far by…

Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024, reflecting the country’s strong export performance amidst a slight decline in overall merchandise trade. This surplus marks a 6.60%…

When will gasoline from Nigerian tycoon Aliko Dangote’s mega-refinery finally flood the home market? That’s the question Nigerians are asking as Africa’s most populous country battles chronic petrol shortages. Dangote…