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Renowned economist and managing director of Financial Derivatives Company (FDC), Mr Bismarck Rewane, has estimated the fair value of the naira at about N1,257 to the...
A Federal Government–backed agribusiness policy committee has recommended the formal closure of current rice import windows, citing falling food inflation and evidence that Nigeria’s rice surplus...
The Nigerian National Petroleum Company Limited and Chevron Nigeria Limited are planning to increase oil production at their joint venture to 146,000 barrels per day, aiming...
Some workers have expressed mixed and largely underwhelming reactions to recent changes in their take-home pay following the implementation of new Personal Income Tax reforms, with...
Economic watchers have said that the largely informal nature of the Nigerian economy may pose a roadblock to the implementation of the new tax reforms, which...
Two years after buying Nigerian billionaire Adebayo Ogunlesi’s Global Infrastructure Partners (GIP) in a $12.5 billion deal, BlackRock Inc. has reached another milestone. The world’s largest...
Vice President Kashim Shettima has said Nigeria is on the threshold of becoming a net exporter of refined petroleum products, driven by the operational capacity of...
Africa’s richest man, Aliko Dangote, is seeing his mega-refinery in Lagos gain strategic importance as refinery shutdowns sweep across Europe and North America. Energy intelligence firm...
The Lagos State Internal Revenue Service has announced that it will enforce its statutory powers to recover unpaid taxes from defaulting taxpayers through third parties, including...
Billionaire businessman and founder of the Dangote Group, Aliko Dangote, has built his business empire deliberately while keeping succession and legacy firmly in view. Over several...