Business FG Exempts GenCos, DisCos, Others From Withholding Tax Jul 8, 2024 0 The federal government has exempted all electricity companies, including Generation and Distribution Companies!-->…
Banking Banks’ weekly borrowing from CBN jumps to N5.38trn on liquidity demand Jul 8, 2024 0 The recent data from the Central Bank of Nigeria (CBN) reveals a significant increase in borrowing by Deposit!-->…
Local Oil slips as Gaza talks ease supply disruption woes; Hurricane Beryl in focus Jul 8, 2024 0 Oil prices dropped on Monday after four weeks of gains due to potential progress in Gaza ceasefire talks, reducing!-->…
Local US, Australia commit to better Pacific banking as China influence grows Jul 8, 2024 0 U.S. and Australian officials reaffirmed their commitment to improving financial connectivity in the Pacific as!-->…
Local Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes Jul 8, 2024 0 Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a!-->…
Local FG Increases Rate Of Mining Licences Jul 5, 2024 0 The Ministry of Solid Minerals Development has introduced new rates for mining licenses to enhance ease of doing!-->…
Local MTN Renovates School In Lagos Jul 5, 2024 0 MTN has renovated Iwerekun Community High School in Lagos, demonstrating its commitment to improving learning!-->…
Currency Exchange rate gap closes as dollar trades at N1,520.24 at official market Jul 5, 2024 0 On Thursday, the naira/dollar exchange rate reached N1,520 in both the official and parallel markets. This rare!-->!-->!-->…
Local NCAA Suspends Permits of 10 Private Jet Operators Over Recertification Issues Jul 5, 2024 0 The Nigeria Civil Aviation Authority (NCAA) has suspended the Permit for Non-Commercial Flights (PNCF) of 10!-->…
Business Tinubu targets production of 2million bpd oil, 6GW electricity, 135m tonnes food Jul 5, 2024 0 On Thursday, President Tinubu announced a N2 trillion economic stabilization package alongside the National!-->…
Business NHIA increases health insurance capitation by 60%, implements 40% fee for service… Jul 5, 2024 0 The National Health Insurance Authority (NHIA) has announced substantial tariff adjustments, including a 60%!-->…
Business New UK Leader: British pound shows strength against naira and U.S dollar Jul 5, 2024 0 Keir Starmer’s centre-left Labour Party secured a substantial majority in the UK general election, providing!-->…
Local FG Inaugurates 12 New CNG Stations in Lagos, Abuja Jul 5, 2024 0 The federal government and the Nigeria National Petroleum Corporation (NNPC) have inaugurated twelve new!-->…
Business Band A customers: NLC demands new tariff hike reversal Jul 5, 2024 0 The Nigeria Labour Congress (NLC) has criticized the recent increase in electricity tariffs for Band A customers!-->…
Business NNPC disagrees as report puts petrol debt at $6bn Jul 5, 2024 0 Nigeria's state-owned Nigerian National Petroleum Company Limited (NNPC) is facing a mounting debt crisis in its!-->…
Business SEC approves Chiemeka’s appointment as NGX CEO Jul 5, 2024 0 Jude Chiemeka has been officially appointed as the Chief Executive Officer of the Nigerian Exchange Limited (NGX),!-->…
Banking Union Bank promotes 337 employees Jul 5, 2024 0 Union Bank of Nigeria has announced the promotion of 337 employees across its various departments. The bank's!-->…
Business China’s BYD opens EV factory in Thailand, first in Southeast Asia Jul 4, 2024 0 China's leading electric vehicle (EV) manufacturer, BYD (002594.SZ), has inaugurated its first Southeast Asian!-->…
Business Access Holdings Kicks Off N351bn Capital Raising Jul 4, 2024 0 Access Holdings Plc is set to raise a whopping N351 billion through a Rights Issue for its existing shareholders.!-->…
Energy DisCos further raise Band A electricity tariff, blame operating costs Jul 4, 2024 0 Electricity Distribution Companies (DisCos) in Nigeria have approved another tariff hike for Band A consumers due!-->…
Business Senate to receive ‘N6.6trn’ supplementary budget next week Jul 4, 2024 0 The Senate Committee on Public Affairs, led by Yemi Adaramodu, is set to review a supplementary budget of around!-->…
Business FG up to date on debt payments, $700m paid, says Edun Jul 4, 2024 0 Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced that the federal!-->…
Local NCDMB won’t register oil service providers without capacity – ES Jul 4, 2024 0 The Nigerian Content Development and Monitoring Board (NCDMB) has announced stricter measures for approving oil!-->…
Business Labour, private sector protest as Discos hike tariff again Jul 4, 2024 0 The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector have criticized the recent hike in!-->…
Business Vehicle importation down by 45% over forex crisis – CGC Jul 4, 2024 0 Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, revealed a significant 45% decline in vehicle!-->…
Business Industrial and Medical Gases Nigeria Plc Appoints Aminu Ado Chairman Jul 4, 2024 0 Industrial and Medical Gases Nigeria Plc (IMG) has appointed Aminu Ado as its new substantive chairman. This!-->…
Business $1.5bn oil sector divestment deals completed – FG Jul 4, 2024 0 The Federal Government of Nigeria has announced the successful completion of significant oil divestment deals!-->…
Breaking Equity market sustains rally with N131bn gain Jul 4, 2024 0 The Nigerian equity market saw another day of gains on Wednesday, with investors pocketing N131 billion boosted by!-->…
Business Zedcrest acquires RMB Nigeria stockbrokers Jul 4, 2024 0 Financial solutions firm, Zedcrest, has announced its complete acquisition of RMB Nigeria Stockbrokers, a move!-->…
Crypto KuCoin Implements 7.5% VAT on Crypto Transactions in Nigeria Jul 4, 2024 0 KuCoin, a prominent cryptocurrency exchange operating in Nigeria, has announced the implementation of a 7.5%!-->…