How I Almost Bought Transcorp For N250bn – Otedola   Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transcorp Corporation Plc, for N250bn was rejected. This came to light on Tuesday in a statement he issued to...

DMO Says Repayment Of N22.7trn Loan To Begin 2026   The repayments of principal to service the loans from the Central Bank of Nigeria (CBN) through the Ways and Means Advances will begin in four years. This was according to a disclosure...

2023 Hajj: NAHCON, NNPC Strike Deal On Aviation Fuel Supply   The National Hajj Commission of Nigeria (NAHCON) has said it has reached an agreement with the Nigerian National Petroleum Company (NNPC) for availability of ‘Jet A’ fuel for seamless transportation...

Top Ten Banks Pay N260.3bn As Income Tax   Ten top commercial banks listed on the Nigerian Exchange Limited have paid N260.3 billion as Company income tax (CIT) in 2022, representing a 28 percent increase over the N203.06 billion they paid...

Spending On Petrol May Rise To N8trn After Subsidy Removal   Petrol consumers may pay about N8.4trn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the Federal Government stops subsidy on PMS in June, latest findings...

NGX: Market Capitalisation Drop By N1.6trn In April   Despite some very impressive 2022 corporate earnings and dividend payout to shareholders of quoted companies, investigations has revealed that market capitalisation of the Nigerian Exchange Limited (NGX) fell N1.580 trillion at the...