Business

Trade To Drive Growth In August – CBN Survey     The retail and wholesale trade sector will drive business expansion in August, according to expectations from...

NIPOST, FIRS War Escalates Over Stamp Duty Collection     The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in...

Air Peace Sacks 70 Pilots, Slashes Salaries By 40%   A Nigerian airline, Air Peace, has sacked over 70 pilots across its fleet. It also reduced staff...

Bank Cautions Depositors On Rising Fraud Cases     Access Bank Plc has called on customers to be vigilant of the common tricks used by fraudsters to...

Investment One’s Dollar Fund Offers Investor Comfort Amid FX Uncertainty     As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has...

Electricity Grid Records 5377MW Peak Generation     The Nigerian power grid rose to 5,377 megawatts (MW) peak power generation on Saturday night, a feat attained 18...

FG Moves To Reduce Oil Production Cost To $10     The Federal Government is working towards attaining a $10 per barrel production cost sealing in the...

Banks Implement Fresh CBN Guidelines On Debt Recovery   Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing...

Marketers Stockpile Petrol, August Price May Hit N150/litre   Filling station owners are currently in panic buying mood, as many of them are stockpiling products ahead...

In July, Low Prices Boost Stock Market By N113bn     The stock market recorded a positive performance in July as investors gained N113 billion, compared with...

BoI Increases SME Loans By 56%     The Bank of Industry said the total amount it disbursed to the Micro, Small and Medium Enterprises segment in...

Why Kano Generates Poor Revenue Compared to Lagos, Rivers, Kwara -Businessman     A Kano State-born businessman, Alhaji Ibrahim Shehu Yahaya, said the state will continue to...

NNPC Tackles Alleged Stolen Crude Report. The Nigeria National Petroleum Corporation (NNPC) has strongly refuted a media report(Not Economic Confidential) to the effect that its...

Sallah: FIRS felicitates with Muslims, extends filing deadline for taxpayers As the Muslim world celebrates the Eid-el-Kabir today, the Federal Inland Revenue Service (FIRS) has...

Airlines To Lose $2bn To COVID-19 - IATA     The International Air Transport Association has asked African governments to unblock bottlenecks ailing air transport and tourism...

Nigeria To Deliver 5GW Of Electricity By 2022 - NNPC     With the kick-off of the construction of a number of gas projects, particularly some major...

COVID-19: Second-wave Fears Threaten Oil Demand Recovery     The recent oil price gains may be short-lived as growing fears over a resurgence in COVID-19 cases are...

Stock Market Advances As Investors Gain N23bn   The equities market on Wednesday closed positive with a gain of N23bn following gains recorded by 18 quoted...

Nigeria, Israeli Firm Partner On Ethanol Production     The Federal Government on Wednesday signed a Memorandum of Understanding with the DOR Group of Israel for the...

Manufacturing Sector Records Three Months Contraction – CBN Report     The Nigerian economy contracted in July for the third consecutive month, the manufacturing and non-manufacturing purchasing...