Business

Data published by the National Bureau of Statistics has shown that Nigeria recorded N2.4 trillion as Company Income Tax for the second quarter of…

The federal government in the second quarter of 2024 generated a total of N1.56 trillion from Value Added Tax. This is a 9.11 percent increase from the N1.43 trillion in Q1 2024. According to the National Bureau…

Dangote Oil Refinery, the largest in Africa, has set its sights on capturing Nigeria’s $267.7 million polypropylene market starting next month, Aliko Dangote, president of the group said, as its largest oil and gas…

There are indications that the Nigerian diaspora bond was 100 percent oversubscribed to about $1billion. This is even as subscribers are set to receive allocation this week. The five-year bond, which carries a 9.75…

The Lagos State Government has been dragged to the Federal High Court sitting in Ikoyi, Lagos, to provide clarity on a claim made by business magnate, Alhaji Aliko Dangote. Specifically, the court is tasked with…

Leading Nigerian fintech companies Opay and Moniepoint have announced the introduction of a N50 fee on electronic money transfers exceeding N10,000, in line with Federal Inland Revenue Service (FIRS) regulations. The…

The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the Nigerian National…

The jigsaw puzzle surrounding the quantity of petrol, otherwise called Premium Motor Spirit (PMS), Nigeria consumes daily just got more puzzling as Sunday Vanguard understands that the figure went down to about 30…

A leading online porn site, OnlyFans, has said it achieved a remarkable $6.6 billion in earnings for 2023, topping its earnings for the previous year. On Friday, Mattew Ball, an entrepreneur and TV/film/game producer,…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to a press release by the Muslim Rights Concern (MURIC), which alleged that the Dangote Refinery Limited (DRL) is being unfairly disadvantaged by…

Nigeria has witnessed a significant exit of companies in the last 18 months from the beginning of 2023. This follows significant reforms in the energy and foreign exchange market which upended the business…

The Central Bank of Nigeria (CBN) has announced plans to inject more liquidity into the foreign exchange market by approving the sale of US$20,000 to each eligible Bureau De Change (BDC) operator. This move is…

FBN Holdings Plc has announced the sale of its 100% equity stake in its wholly-owned subsidiary, FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. The sale and purchase agreement which aligns with FBN’s…

Nigeria's oil regulator on Friday granted UTM Offshore Limited the first license to operate a floating liquefied natural gas…

Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO),…

The Corporate Affairs Commission (CAC) said it has commenced the process of taking drastic actions including shutting down Point of Sales (PoS) businesses that have failed to register their businesses as its…

Thirty-two subsidiaries of the Nigerian National Petroleum Company Ltd (NNPC) are grappling with N22 trillion debt incurred over a 12-month period, raising questions over their viability. Data gleaned from…

The federal government remains on course to achieve its target of average production of 2.0 million barrels per day (mbpd) by December 2024 as Oando continues to scale up its production. Following the…

The downward slide of the local currency worsened yesterday as the naira exchanged for N1, 639.41 to a dollar at the official rate. The figure yesterday indicated a whooping loss of N34 after the dollar…

Former Commissioner for Finance in Ogun State and Founder/President International Centre for Tax Research and Development, Mrs Morenike Babington-Ashaye, has counselled the Federal Government against…

Economic activities in Nigeria have shown a positive turn for the first time in over a year, according to the latest report from the Central Bank of Nigeria (CBN). The Purchasing Managers’ Index (PMI) for…

The federal government is considering granting Aliko Dangote’s refinery the authority to set petrol prices, according to reports from Bloomberg. This decision could reshape the government’s control over fuel prices…

The Federal Government on Thursday said at least 37,000 women will receive Point of Sales (POS) machines as part of the government’s…

Dangote Group has dismissed reports that the Nigerian National Petroleum Company Limited (NNPCL has started lifting Premium Motor Spirit (PMS), popularly known as petrol, from its refinery. A newspaper had reported…