Dangote Cement Crosses N10tn Capitalisation on NGX The market capitalisation of Dangote Cement hit N10tn on Monday, emerging as the first company to achieve that milestone on the Nigerian Exchange. This is as billionaire businessman, Femi Otedola, who called the founder of the Dangote Group, Aliko...

CBN Projects N900bn to Raise Banks Capital – Report The Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base to over N900bn, according to a new report. This came a few months after the Central Bank of Nigeria...

NERC Inaugurates Groups, Backs States to Regulate Electricity Firms The Nigerian Electricity Regulatory Commission has inaugurated three working groups for the implementation of the new Electricity Act 2023. President Bola Tinubu had signed the new Act in June 2023, removing electricity from the exclusive list and...

FG Approves New Organisational Structure for FIRS The Federal Government has approved a new organisational structure for the Federal Inland Revenue Service to boost its operations. The agency made this known on Monday in a statement signed by the Special Adviser Media to the Executive Chairman,...

'CBN Still Short Of Forex To Clear Backlog'   Fitch, one of the leading global credit rating agencies, has said that the Central Bank of Nigeria (CBN) still lacks sufficient foreign exchange (forex) to clear the backlog of demand in the country. Director of Middle East and...

Naira Slumps To N1,340/$1 At Parallel Market, FX Shortages Persist   Hopes of local and international businesses getting foreign exchange suffered a set-back as the naira slumped to fresh lows against the US dollar at the official and parallel markets at the weekend. This comes as...