Business

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…

You work hard for your cash, big pile or small. Naturally, you want it protected and passed to relevant parties after you are gone. That is where trustees come in, and they are not just…

Analyst at the Standard and Poor’s’ Global Commodities Insights have projected that the Dangote refinery will start supply of petrol in the fourth quarter of this year rather than the next month being stated by the…

Following his arrest, the Kenya Police Service is expediting moves to extradite fugitive Binance executive, Nadeem Anjarwalla, to Nigeria within the week, The PUNCH has learnt. Anjarwalla who escaped from lawful custody…

United Bank For Africa Plc (UBA) has said it has filed an application to halt the sale of the assets of a construction firm, Borini Prono and Company Nigeria Limited. It…

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on April 20 during a press conference held at the annual…

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with…

Segun Alebiosun, the Executive Director and Chief Risk Officer appears set to be named the acting Managing Director and Chief Executive of Nigeria’s oldest financial institution, First Bank. He is expected to take the…

West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP) has sacked the immediate former MD/CEO of the electricity distribution company, Ms Tinuade Sanda. Sanda’s appointment with WPG Ltd…

The Federal Government on Saturday announced that it has qualified for processing a loan, described as ‘virtually a grant’ of $2.25 billion from the World Bank at 1 percent interest rate. Wale Edun, the finance minister,…

Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group have faulted a recent decision by the Central Bank of Nigeria directing deposit money banks to stop the use of foreign currencies as…

The federal government says it is considering the issuance of a diaspora bond to boost remittances. Wale Edun, the minister of finance and coordinating minister of the economy, disclosed this to journalists at a…

The Economic and Financial Crimes Commission has instituted a further crackdown on currency speculators and cryptocurrency platforms manipulating the naira, Sunday PUNCH has learnt. Impeccable sources within the…

The Governor of the Central Bank, Olayemi Cardoso, has stated that the apex bank is no longer in “firefighting” mode and has now switched to strategic planning in its efforts to achieve forex stability. This…

Speculators count losses as naira rises against dollar Naira will continue to appreciate against dollar – Shettima The Naira appears to be up against a…

Vice-President Kashim Shettima says President Bola Tinubu ended petrol subsidy and multiple exchange rates in the official market because they were…

Oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the facility race to get it set for production on the directives of the Nigerian National Petroleum…

The Central Bank of Nigeria (CBN) task forceformed to double remittance inflows into Nigeria will report directly to Yemi Cardoso, the Governor of the CBN. The Governor of the CBN, Yemi Cardoso, made this statement…

This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ahead of the weekend.  The exchange rate at the official window strengthened to N1,072.4 on…

The Federal Government has revealed the factors responsible for the high cost of consumables and other items across the country. Addressing journalists aster a visit to Masaka Market in Nasarawa on Friday, the director…

The board of First Bank has convened an emergency meeting at the bank’s headquarters in response to the unexpected resignation of the Managing Director, Adesola Adeduntan. Mr. Adeduntan’s resignation, announced just eight…

Nigeria’s commodities exchange plans to offer crude oil and gas trading to deepen access to financing for the industry that’s the biggest foreign-exchange earner for the…

…targets 20,000bpd The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development…

Cryptocurrency exchange company, Binance said it is working very closely with the Nigerian government over its detained executive. The CEO of Binance, Richard Teng, disclosed this on Thursday with the company’s…