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Business
Solcon Capital Replaces Convergence Partners Investments as the Brand.
Convergence Partners Investments has changed its name to Solcon Capital as the company intensified efforts to…
More Nigerians will receive 5G service once Airtel rolls out.
Airtel, a telecom company, plans to launch its Fifth-Generation (5G) network services between now and next week,…
Nigeria’s Debt Profile Will Reach N81 Trillion After Unification of Fx…
Following the most recent Naira devaluation by the Central Bank of Nigeria (CBN), Nigeria's debt profile has…
Tinubu’s Economic Experts Recommend a Unification of Customs, NIMASA, and…
President Bola Ahmed Tinubu's Policy Advisory Council has advised that the country declare a state of emergency in…
In Q1 2023, Nigeria Recorded N710 billion in VAT.
According to the National Bureau of Statistics (NBS), the total Value Added Tax (VAT) in Q1 2023 was N709.59…
Shell Intends to Increase Oil and Gas Production.
Shell Petroleum Development Company would enhance its oil and gas output in Nigeria during the upcoming months.
…
Tinubu Expects the Data Protection Law to Create 500,000 Employment.
On Monday, June 12, 2023, President Bola Tinubu officially signed the Data Protection Bill into law, according to…
According to OPEC, Nigeria’s Economy would Rebound in the Following Months.
Although Nigeria's economy suffered difficulties in the first half of the year, according to the Organization of…
FG and Oando Establish an MOU to Increase Access to Renewable Energy
In order to accelerate the deployment of sustainable renewable energy access throughout the nation, the Federal…
IMF Advocates 5 Priority Policy Options For Nigeria Regarding Financial Inclusion.
The largest economy in Africa's largest country has five top-priority policy options for promoting financial…
FG Targets N124 billion from New Import Tax.
A 0.5% import tax on commodities that was proposed in Finance Bill 2023 is expected to bring in around N124.26…
Lafarge Africa Names A New CEO.
Lolu Alade-Akinyemi has been named the new CEO of Lafarge Africa, who will lead the organization's expansion…
Operations of Binance in Nigeria are now prohibited, according to the SEC.
The Securities and Exchange Commission (SEC) ruled that Binance's operations in Nigeria were unlawful.
Any…
Sesame exports from Nigeria show slight growth.
Sesame seed exports from Nigeria have been ranging between 140,000 and 180,000 tonnes for a while.
According to…
BUA: Increasing Cement Production in Nigeria
Obinna Chima talks on the additional $500 million that BUA Cement Plc has secured for the expansion of its…
NNPCL directs marketers regarding refunds and new prices
A new circular from the Nigerian National Petroleum Company Limited outlines the prices oil merchants will pay for…
Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company,…
Report: Product taxes increase by 112% and cost N3 trillion.
Total product taxes in the economy increased by 112.02 percent, from N1.43 trillion in 2019 to N3.03 trillion in…
Experts: The FG’s FX Unification Policy Will Deepen the Capital Market and…
The federal government's FX unification strategy has been praised by experts in the Nigerian financial services…
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Savannah Energy Reports a 26% Revenue Increase to $290.4 million.
Savannah unveiled its first renewable energy project, a 250 MW wind farm in Niger called Parc Eolien de la Tarka,…
Banks Continue to Maintain Ratio at Above 30% Despite Liquidity Crunch.
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in…
The Telecom Industry makes for N2.508 trillion of Nigeria’s GDP.
In the first quarter of 2023, Nigeria's telecoms and information services industry contributed a magnificent…
Marketers: 800 gasoline tankers were converted to supply gas.
In order to dispense compressed natural gas to automobiles that run on gas, oil marketers are now changing some of…
NBS: Exports of Manufactured Goods Fall by 40%.
The value of traded manufactured goods fell by a staggering 40% in Q1 2023, according to the National Bureau of…
Prof-taking Continues as Stock Market Drops by N37 billion
The Nigerian Exchange Limited (NGX) stock market was dominated by profit-taking investors as capitalization…
United Nigeria Airline Plans to Expand its Fleet and Regional Operations.
The management of United Nigeria Airlines Limited has announced ambitions to grow the size of its fleet and extend…
The Success of NAHCO Is Due to Efficient Management
Mr. Indranil Gupta, Group Managing Director of the Nigerian Aviation Handling Company Plc (NAHCO), credits the…
Senior Customs Officers Call on FG to Stop Disputed 3.2 million Modernization…
Senior members of the Nigeria Customs Service (NCS) have pleaded with President Bola Tinubu to halt the divisive…
427,962 Nigerians Abroad Receive NIN.
In May 2023, 25.17 percent of Nigerians living abroad have National Identification Numbers. Since the National…