Business

The Nigeria Youth Forum (NYF) has called on President Bola Ahmed Tinubu to revoke the licences of underperforming electricity distribution companies (DisCos) and invite credible investors with the technical capacity…

US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States. Trump initially said the tariff would apply only to…

US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones the company sells in the United States are not manufactured locally. In a post on Truth Social Trump said he had “long ago…

The Treasury Department has said the production of one cent coins will end in the US in 2026. This announcement marks the phasing out of the coins, commonly known as pennies, which have been in circulation for…

US President Donald Trump hosted a closed-door dinner for hundreds of top investors in his crypto memecoin Thursday, as sign-holding protesters outside and Democratic opponents decried the event as blatant “corruption.”…

The Federal Government has inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria, with a directive to strengthen asset recovery and commence a credible, time-bound wind-down of the…

Nigerians living abroad are now required to pay $50 (about N80,000) to register for the bank verification number (BVN), according to findings by TheCable. On May 13, the CBN, in collaboration with the Nigeria…

The naira on Thursday stabilised at N1,584 following a moderation in demand for the dollar, cross foreign exchange (FX) markets. After trading yesterday, the naira recorded slight loss of 46 kobo as the dollar was…

The Nigerian Financial Intelligence Unit (NFIU) has issued an advisory to financial institutions, designated non-financial businesses, and professions, as well as…

When Bayo Ojulari, the newly appointed Group Chief Executive Officer of NNPC, announced that preparations were underway to restart crude…

Peter Obi, former Labour Party presidential candidate, has denied the report that he travelled to Rome to meet President Bola Tinubu over an alleged ₦225 billion debt linked to Fidelity Bank. In a statement…

THE chairman, Dangote Group of company, Alhaji Aliko Dangote on Wednesday asserted that every one Naira made from local investment in Nigeria, fifty two Kobo goes to the federal government through taxes.…

The naira yesterday appreciated to N1, 615 per dollar in the parallel market from N1,620 per dollar on Tuesday. Similarly, the Naira appreciated to N1,583 per dollar in the Nigerian Foreign Exchange Market (NFEM).…

The National Bureau of Statistics,  NBS, yesterday, said Imo, Jigawa and Sokoto States paid the highest retail prices for petrol in April 2025. Jigawa residents paid N1588.50 per litre while Sokoto and Imo States…

President Bola Tinubu has granted access to China to establish electric car manufacturing factories in Nigeria. This was disclosed by Olusegub Dada, the special assistant to President Tinubu on social media. Dada, in a…

Seven technology companies defied tough economic conditions in Nigeria to grow their combined revenue by 621.53 percent, rising from $76.14 million in 2020 to $549.37…

The World Bank yesterday said Nigeria recorded a $2 billion   trade deficit   in   cereal in 2023. The World Bank disclosed this in a Report titled: “Transport connectivity for food security in Africa, Strengthening…

…Says ADF spends over N50bn yearly on 'Giving Back to Africa' Aliko Dangote, the Chairman Aliko Dangote Foundation and President/Chief Executive, Dangote…

The oil and gas sector more than doubled its demand for foreign exchange in 2024, rising by $1.23bn (119 per cent) year-on-year despite reduced fuel imports and efforts to boost domestic refining, according to data…

The Central Bank of Nigeria (CBN) has retained Monetary Policy Rates (MPR) at 27.5 per cent. Central Bank Governor, Olayemi Cardoso, made the disclosure in Abuja while briefing the press on the outcome of the 300th…

Africa’s richest man and industrialist, Alhaji Aliko Dangote, said yesterday he wouldn’t have attempted his $20 billion refinery, if he knew the magnitude of the facility. He also expressed commitment to…

Foreign direct investment into Nigeria sank nearly 50%, central bank data shows, despite headline-grabbing pledges from high-level…

Open Market Operations (OMO) bills have consistently traded at higher yield levels than Nigerian treasury bills (NTBs) despite their…

A fresh wave of Premium Motor Spirit (petrol) importation into the country has made the row between oil marketers and the Dangote Petroleum Refinery to linger, amid signs of deepening tensions in Nigeria’s downstream…