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4 million containers handled in five years, say barge operators
The Barge Operators Association of Nigeria (BOAN) has announced that its members successfully mobilized four!-->…
Marketers, refiners demand total subsidy removal
Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream!-->…
Indonesian crypto exchange Indodax loses $22 million to hackers
Indonesian crypto exchange Indodax has suffered a major hack, losing $22 million in assets from its hot wallets.!-->…
First Bank of Nigeria halts misconceptions, Clarifies sale of FBNQuest merchant…
First Bank of Nigeria (FBN) has confirmed that the recent sale of its 100% equity stake applies solely to FBNQuest!-->…
Mastercard rolls out Non-custodial Bitcoin debit card in historic move
Mastercard has introduced a new Bitcoin debit card in partnership with crypto payment company Mercuryo. This card!-->…
Taiwan to assist Nigeria achieve technological growth
Taiwan is ready to support Nigeria in boosting its technology sector, as revealed by Mr. James Huang, Chairman of!-->…
VAT remains 7.5%, no hike planned –Edun
Nigeria’s Minister of Finance, Mr. Wale Edun, has debunked rumors that the Federal Government raised the!-->…
FG’s dollar bond attracted $900m subscription – Edun
Nigeria’s first-ever foreign-currency domestic bond has successfully attracted $900 million in subscriptions,!-->…
Why NNPC may not lift Dangote petrol on Sunday
Four days before the Nigerian National Petroleum Company Limited (NNPC) was set to begin lifting Premium Motor!-->…
Naira weakens to N1637/$
The Nigerian naira continued to decline against the US dollar, closing at N1637.59 at the end of trading on!-->…
Financial sector grew by 30% – FG
Nigeria’s financial sector grew by more than 30% in the first half of 2024, signaling strong economic recovery!-->…
Oil production rose to 1.35mbpd in August – OPEC
Nigeria’s crude oil production increased from 1.307 million barrels per day (mbpd) in July to 1.352 mbpd in!-->…
Kuda launches virtual PoS for SMEs
Kuda, through its Kuda Business platform, has launched virtual and physical point-of-sale (PoS) products aimed at!-->…
FG eyes slice of OPay, Palmpay N46tn transactions
The Nigerian government is set to implement a new Electronic Money Transfer Levy (EMTL) from September 9, 2024.
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Boon for Nigeria as Shell’s $1.3bn assets sale gets regulatory nod
Shell International Plc has secured approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to!-->…
Nigeria, China sign $3.3 billion deal for brass industrial park
Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex!-->…
Forex crisis crashes border trade by 80% – Operators
Licensed customs agents operating at Nigeria’s land borders have reported a significant 80% decline in trade!-->…
Agriculture led company income tax with 474.50% in Q2 2024 – NBS report
Nigeria's agricultural sector led the growth in Company Income Tax (CIT) during the second quarter of 2024,!-->…
Electricity DisCos collects N150 billion as revenue in June- NERC
In June 2024, electricity distribution companies (DisCos) across Nigeria collected N150.86 billion, achieving an!-->…
Wike signs MoU with Chinese engineering firms for electricity and water projects…
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has formalized a Memorandum of Understanding (MoU) with!-->…
Japaul Gold & VenturesLists N20bn Worth of Shares on NGX
Japaul Gold & Ventures Plc has received approval from the Securities & Exchange Commission (SEC) for a!-->…
CBN Boosts Forex Liquidity, Sells Dollars To BDCs At N1,580
The Central Bank of Nigeria (CBN) has injected liquidity into the foreign exchange market by selling US dollars to!-->…
Company Income Tax revenue rises 151% in Q2 2024 to N2.47 trillion
Nigeria's Company Income Tax (CIT) skyrocketed by 150.83% in Q2 2024, reaching N2.47 trillion compared to N984.61!-->…
Transcorp Hotels Named Best Hospitality Service Provider
Transcorp Hotels Plc, listed on the Nigerian Exchange (NGX), has been honoured as the Best Hospitality Service!-->…
Atiku slams Tinubu admin on VAT raise, warns of worsening economic crisis
Former Vice President Atiku Abubakar has condemned the recent Value Added Tax (VAT) increase from 7.5% to 10%,!-->…
CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns
The Central Bank of Nigeria (CBN) successfully raised N9.27 trillion from Nigerian Treasury Bills (NTBs) across!-->…
Economic Insight: 50% electricity subsidy for public hospitals and educational…
In the 21st century, a nation's wealth is measured by its human capital—its people's education, healthcare, and!-->…
Stock market returns bearish amid increase in price of petrol
The Nigerian stock market closed bearish last week, impacted by a sharp rise in petrol prices, which surged from!-->…
Nigeria’s SEC to begin crackdown on unregulated crypto exchanges, others
The Securities and Exchange Commission (SEC) of Nigeria has announced that it will soon begin enforcement actions!-->…
Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97%
The Nigerian stock market has experienced a decline, with the Year-to-Date (YtD) performance dropping to 28.97%!-->…