The three tiers of government on Thursday shared the sum of N1.1 trillion as revenue allocation for April. The Director of Press and Public Relations in...
Emirates Airline has disclosed that it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai. This development was...
In a heartwarming development, the Federal Government has disclosed that Emirates Airlines will in the coming days announce when it will resume flight operations to Nigeria....
The Naira traded for N1, 459.02 to a dollar at the official market on Wednesday. Data from the official trading platform of the FMDQ Exchange revealed...
The Nigerian equities market recorded third consecutive losses this week as investors dropped N73 billion at the close of trading on Wednesday. This followed the dip...
Remittances from Nigerians in Diaspora dropped by $18.9 million in the first quarter of this year. The Central Bank of Nigeria (CBN) revealed this in its...
The Nigeria Bureau of Statistics (NBS) has disclosed that in April 2024, the headline inflation rate increased by 0.49% points to 33.69% from 33.20% in March...
Nigeria’s average daily crude oil production rose to 1.28 million barrels per day (bpd) in April, the Organisation of Petroleum Exporting Countries (OPEC) has disclosed. This...
The trading losses continued for the second day running as investors lost N132 billion at the end of trading on Tuesday. This followed the dip in...
Subscription to the Federal Government’s bond auction fell to N380.769 billion this month. This was N246.04 billion or 39% lower than the N626.813 billion raised by...
The Minister of Aviation and Aerospace Development, Festus Keyamo, has made it compulsory for President Bola Tinubu, Vice-President Kashim Shettima, service chiefs, and other Very Important...
President Bola Tinubu has suspended the implementation of the 0.5 percent cybersecurity levy after criticism trailed the announcement. The Minister of information, Mohammed Idris, confirmed this...
The International Monetary Fund (IMF) has disclosed that the Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for...
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has disclosed that members of the Monetary Policy Committee (MPC) will do whatever is necessary” to...
By: Babajide Okeowo Another trading week began on Monday May 13, 2024 with investors incurring a loss of N296bn. This follows a dip in the value...
The Nigeria Customs Service (NCS) and the General Administration of Customs of the People’s Republic of China (GACC) have signed a Memorandum of Understanding (MoU) to...
KPMG Nigeria has become the latest high-profile organization to kick against the recently introduced cybersecurity levy imposed by the Federal Government. The global Audit, Tax and...
The President of the Nigeria Labour Congress (NLC) Joe Ajaero was at the vanguard of the protest organized against the recent hike in electricity tariff at...
After a temporary reprieve, the bears returned to the equities market last week as investors lost N761.40 billion. It would be recalled that the market tumbled...
Vice-President Kashim Shettima has justified the tax reforms of the President Bola Ahmed Tinubu’s administration, saying they are meant to benefit Nigerians and not frustrate the...
Following an increase in the tariff of electricity consumer under Band A, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have directed their members...
In a bid to help their businesses thrive, and lessen their tax burden, the Federal Government has initiated a plan that would exempt operators earning N25...
At a ceremony held at the First City Monument Bank (FCMB) Headquarters in Lagos, Nigeria, the U.S. Agency for International Development (USAID) Mission Director Melissa Jones...
Nigeria’s Finance Minister, Wale Edun, has assured that the Presidential Initiative on Compressed Natural Gas of the current administration is on course, and that the CNG...
Investors in the Nigerian equities market lost N8.3 billion at the close of trading on Friday. This followed a dip in the value of Mansard, PZ,...
The World Bank said on Friday the Federal Government’s ₦5,000 cash transfer scheme has increased households’ and women’s welfare over time. However, the Bretton Wood institution...
The International Monetary Fund (IMF) has warned that the ongoing amendment to the Central Bank of Nigeria (CBN) Act would weaken the apex bank’s autonomy. The...
The last has not been heard of the controversies surrounding the 2011 deal for lucrative Nigerian oil bloc, Oil Prospecting Lease (OPL) 245 popularly called the...
The Federal Government spent $1.12 billion on foreign debt service payments in the first quarter of 2024. This brought to the fore the growing burden of...
Tunde Hassan-Odukale has stepped down as the Chairman of First Bank of Nigeria Limited paving the way for the appointment of Mr Ebenezer Olufowose, a Non-Executive...
The Corporate Affairs Commission (CAC) has directed banks in the country to ensure compliance with the Central Bank of Nigeria (CBN)’s order on compulsory registration of...
In a move aimed at stimulating the oil industry, the Nigerian government, under the leadership of the Minister of State for Petroleum Resources, Mr. Heineken Lokpobiri,...
Going by directives from the Central Bank of Nigeria (CBN) based on the cybersecurity levy, for PoS operators to register their agents, merchants, and individuals, it...
The Naira traded for N1,421.06 to the dollar at the official market on Wednesday. Data from the official trading platform of the FMDQ Exchange, which oversees...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said on Wednesday the bid round for the 17 oil blocs in the country are for...
Corporate taxes and royalties’ remitted by Shell Nigeria declined by $27m in 2023. This is according to figures announced by the company in its published 2023...
Investors in the Nigerian equities market lost N268 billion at the close of trading on Tuesday. This followed the decline in the share prices of Unity...
As Nigerians continue to groan under excruciating fuel scarcity, the Nigerian National Petroleum Company (NNPC) Limited has said panic buying is responsible for the situation. The...
Following the detention of two executives of crypto platform, Binance, by the Nigerian government, Richard Teng, the Chief Executive Officer (CEO) of the platform has raised...
In a bid to protect the businesses of Fintech’s customers and strengthening the economy, the Central Bank Of Nigeria (CBN) has issued a July 7, 2024...
Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 the Central Bank of Nigeria (CBN) has ordered deposit money banks in the country...
By: Babajide Okeowo Investors in the Nigerian equities market started the trading week with a loss of N499bn. This follows the tumble in the share prices...
In its continued crackdown against cryptocurrency platforms and a bid to checkmate the manipulation of the local currency value in the foreign exchange market, the Securities...
The planned increase in tariff of telecommunications companies in Nigeria has received the backing of the Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck...
The Ikeja Electricity Distribution Company (IKEDC) has reduced the electricity tariff payable by its Band A customers to N206.80 per kilowatt-hour. The Nigerian Electricity Regulatory Commission...
Investors in the Nigerian capital market are currently experiencing a boom after a run of bearish sentiment. At the end of trading on Friday May 3,...
The Central Bank of Nigeria (CBN) has said that banks loans to the private sector and the government declined by N24t trillion in March this year....
Global credit rating agency, Fitch Ratings has projected that the Central Bank of Nigeria (CBN) would further raise interest rates in the second half of the...
FCMB Group Plc has announced its first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to N31.3 billion compared to N10.7 billion in the...
The Federal Competition and Consumer Protection Commission (FCCPC), says it will begin the process of blocking loan apps that harass their customers. Acting Chairman of the...
