In a move aligning with the Central Bank of Nigeria’s (CBN) recent stance, several fintech companies have issued warnings to their customers regarding cryptocurrency trading. These...
Being a property owner in Nigeria is a big accomplishment and a wise investment. But managing the complexity of property ownership necessitates a thorough comprehension of...
In a vote of confidence for recent economic policies, global rating agency Fitch has revised Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) outlook to “Positive” from...
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, said on Friday the International Oil Companies (IOCs) have proposed the divestment of...
The Naira traded at N1,400.40 to a dollar at the official market on Friday. Data from the FMDQ Exchange revealed that the Naira gained N2.27, representing...
For the second time this month, the Nigeria Customs Service (NCS) has adjusted the foreign exchange (FX) rate for import duties, this time, to N1,441/$1. This...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has blamed the rising food inflation on the purchase of foodstuffs as palliatives by the...
The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) and ordered it to transfer all market and system operation functions to...
Investors in the Nigerian equities market closed the trading week with a profit of N466 billion on Friday. This followed the growth in the share price...
In a bid to boost its revenue, the federal government has announced that plans are in the pipeline to review rates of mining licenses and other...
The Kaduna State Internal Revenue Service (KADIRS) on Thursday sealed six telecommunication masts across the state’s metropolis over outstanding taxes totalling N5.8 billion. The Secretary of...
Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through...
The Federal Government has promised stringent measures for gas companies seeking gas distribution licences in the country. The Minister of State for Petroleum Resources (Gas), Ekperikpe...
Investors in the Nigerian equities market went home with N303 billion after the bourse resumed from the Workers Day holiday on Thursday. The Federal Government declared...
The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels across various banking sectors. For Deposit Money Banks (DMBs), the maximum deposit...
The Center for Promotion of Private Enterprises (CPPE) has decried the volatility and frequent movement of the Nigeria Customs Service (NCS) duty exchange rates. The Service...
The shareholders’ associations in Nigeria have declared their support for plans by Nigerian Breweries Plc to raise N600 billion through Rights Issues. This followed the foreign...
For the umpteenth time, the Nigeria Customs Service (NCS) has adjusted the foreign exchange rate for import duties to N1,373.64 per dollar. This represents a 19.4...
For the year ended December 31, 2023, FCMB Group Plc recorded a profit before tax of ₦104.4 billion, a 186% year-on-year (YoY) increase compared to ₦36.6...
Nigeria’s tax collection system faces scrutiny after the Speaker of the House of Representatives, Tajudeen Abbas, declared the country had the lowest Value Added Tax (VAT)...
Nigeria’s domestic refining landscape is set for a significant shift with the imminent issuance of a full operating license to the Dangote Petroleum Refinery. This was...
Investors in the Nigerian equities market went home with N195 billion at the close of trading on Tuesday. This followed a boom in the share prices...
The Nigerian National Petroleum Company Limted (NNPCL) has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday. The company’s Chief...
While Nigerians are still groaning over the current fuel scarcity, things are set to get even worse as the Independent Petroleum Marketers Association of Nigeria (IPMAN),...
Four Financial Technology Companies (Fintechs) have come under the hammer of the Central Bank of Nigeria (CBN) over allegation of their accounts being used for illicit...
A temporal reprieve has come the way of subscribers as a Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, Monday restrained Multichoice Nigeria Limited from...
As the Nigerian official currency, the naira continues to fluctuate in va the Central Bank of Nigeria (CBN), has again raised the exchange rate for paying...
Investors in the Nigerian equities market lost N154bn as the new trading week got off on a losing note. This follows the loss in the market...
Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for...
Oil marketers under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have laid the blame on the fresh fuel scarcity on the...
Investors in the Nigerian capital market endured a mixed basket of trading last week with two gains and three losses recorded by players at the bourse...
The Federal Government has called for the active participation and engagement of individuals, professionals and investors in a bid to ensure that the agricultural sector flourishes....
President Bola Tinubu has disclosed that the removal of petroleum subsidy was necessary to ensure the reset of Nigeria’s economy. The president maintained that the action...
Shareholders have approved the move by the Zenith Bank board to become a holding company. The approval was given at a court-ordered meeting on Friday, April...
Property tours are more than just a casual stroll through potential homes and lands; they are the cornerstone of informed decision-making in real estate. This importance...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has announced plans to create a unified structure for the retail end of the country’s foreign...
President Bola Tinubu has picked the Chairman of Zenith Bank Plc, Jim Ovia, to head the Board of the Nigerian Education Loan Fund. The Special Adviser...
Investors in the Nigerian stock market lost N9 billion at the close of trading on Friday. This came just 24 hours after investors at the capital...
The Nigerian National Petroleum Company (NNPC) Limited has warned Nigerians against panic buying of Premium Motor Spirit (PMS) popularly called petrol. In a statement issued on...
The Federal Government has directed the Nigerian Civil Aviation Authority (NCAA) to carry out a comprehensive audit of all local airlines in the country. This followed...
Investors in the Nigerian equities market gained N26 billion at the close of trading on Thursday. This followed the rise in share prices of Transcorp Hotel,...
Mobile Network Operators (MNOs) and Telecommunication Companies (Telcos) in Nigeria have bemoaned the interference of Nigerian Communications Commission’s (NCC) in the fixing of prices for service...
Investors in the Nigerian equities market endured another bearish session on Wednesday as they lost N673 billion at the end of trading. This followed the dip...
The President of the Association of Bureau De Change operators of Nigeria (ABCON), Aminu Gwadabe, reiterated the operators’ commitment to defending the naira from speculators’ attacks....
The Ministry of Aviation and Aerospace Development has ordered the Nigeria Civil Aviation Authority (NCAA) to suspend Dana Airlines operations until the financial and health audit...
The Federal Government on Tuesday signed the Consolidated Guidelines for the implementation of Fiscal Incentives for the oil and gas sector. The Minister of Finance and...
Investors in the Nigerian equities market lost N199 billion at the close of trading on Tuesday. Before Monday’s N70 billion gain, investors had endured over two...
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said on Tuesday the commission has frozen more than 300 accounts over suspicious foreign...
Amid a depleting foreign exchange FX reserve, the Central Bank of Nigeria has announced the resumption of sales of dollars to Bureau De Change operators (BDCs)....
For the third time, Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980...
