Business

Tinubu Approves Consumer Credit Scheme to Facilitate Crucial Needs, Others  President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit...

Digital Economy: 21 African Countries Enact Tax Laws on Electronic Services - PwC Twenty-one African countries have enacted rules for non-resident suppliers to account for...

Bloomberg Ranks Dangote Refinery Over Europe’s Big Producers The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity,...

PZ Cussons Repatriates £35m from Nigeria, Reviews Business Risk Multinational consumer goods company, PZ Cussons, has disclosed that it successfully repatriated £35m from Nigeria in...

FG Revokes 924 Mineral Licences, Fine Racketeers The Federal Government through the Ministry of Solid Minerals Development has revoked 924 dormant mineral licences to enhance...

AfDB Advocates End to $824bn Resource-backed Loans in Africa The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans that...

The Federal Government has ordered the immediate suspension of Dana Airline pending a comprehensive audit on its fleet. 

In order to develop a database for the nation's port industry, the Nigerian Shippers' Council (NSC) has launched a mandatory online registration process for regulated port service providers and users.

Nigeria's economic hardship has continued with fuel prices continuing to soar in March 2024, caused mainly by the current economic reforms embarked upon by the Bola Tinubu administration, the dynamics of international energy rates as well as Nigeria’s inability to refine its fuels locally. 

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has revealed how much banks in Nigeria have lost to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022.

The Economic and Financial Crimes Commission (EFCC) has pressed new charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), for his alleged involvement in approving the printing of N684.5m notes using N18.9bn. 

Yesterday, Dangote Petroleum Refinery further reduced the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

Again, Dangote Crashes Diesel, Aviation Fuel to N940, N980   Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation...

NERC Transfers Regulatory Oversight to Ekiti Board   The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, April 23, revealed that it has transferred regulatory oversight of...

CBN Injects Dollars into BDCs at N1,021 per Dollar   The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau...

Equities Market Opens Week By N71bn Gain   Opening the week, the local equities market yesterday gained N71 billion, recovering some of the prior week losses. The...

FG Targets 6,000 Megawatts Electricity Generation By 2024   Minister of Power, Mr Adebayo Adelabu, says the Federal Government plans to increase power generation from 4000...

FG Commences Restructuring of 11 DisCos – Power Minister   Power distribution companies in Nigeria are currently being unbundled along state lines due to their large...

Naira Depreciates to N1,250/$ in Parallel Market   The Naira, yesterday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday. Similarly,...

BDCs Now Buying Dollar At N980 as Naira Appreciates - ABCON The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De...