Reps Probe, Direct NNPC Limited to Suspend OVH Acquisition The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy Marketing, the company behind the Oando Retail brand in West African countries. This call was a sequel...

CBN Limits Transactions On PAPSS By Dealer Banks To $200,000   The Central Bank of Nigeria (CBN) has limited the number of dollars to be transacted on the Pan-African Payment and Settlement System (PAPSS) to $200,000 per quarter by authorised dealer bank (ADB) and $20,000 per...

NGX: Stakeholders To Receive N491m Maiden Dividend   Shareholders of Nigerian Exchange Group (NGX Group) will receive N491 million as interim cash dividend, the first payout to be made by the group after it transited to a profit-making entity. The Board of Directors of NGX Group, after...

MAN Tasks Exporters On AfCFTA As Nigeria's Absence Sparks Reaction   The Manufacturers Association of Nigeria Export Promotion Group (MANEG), a subgroup of the Manufacturers Association of Nigeria (MAN), has urged exporters in the country to fully participate in the African Continental Free Trade Agreement (AfCFTA)...

FCCPC to Clampdown on Trade Associations Over Price Fixing, Cartel Practices The Federal Competition and Consumer Protection Commission (FCCPC) says it will soon commence enforcement of laws against trade associations engaging in price fixing and cartel-like practices across the country. According to the Commission, this move...

NECA Warns FG Over 25% Projected Inflation Rise by Q4'23 The Nigeria Employers Consultative Association has warned that the continuous rising of inflation, if not controlled can hit 25 per cent before the end of the years 2023. In a statement on Wednesday, the Director-General of...