FG Approves Implementation of Zero Duty, VAT Exemption on Selected Food Items
The Nigerian federal government has approved a regulation implementing a Zero percent Duty Rate and Value Added…
MTN-MUSON Scholarship Program Opens for Music Talents
The MTN Foundation, in collaboration with the Musical Society of Nigeria (MUSON), has announced the opening of…
63 illegal refineries seized in one week – NNPC
The Nigerian National Petroleum Company Limited (NNPC) has discovered and confiscated 63 illegal refineries in the…
United Capital supports first $1.4m corporate bond in S’Leone
United Capital Group has successfully led the issuance of Sierra Leone’s first local currency corporate bond,…
European banks reluctant to fund fossil fuel – SPE chair
Salahudeen Tahir, Chairman of the Society for Petroleum Engineers in Nigeria, revealed at the 47th Nigeria Annual…
Coronation Merchant Bank Appoints Abiagam Acting Managing Director/CEO
Coronation Merchant Bank, a leading investment bank in Nigeria, has appointed Paul Abiagam as its Acting Managing…
70% Windfall Tax Burdensome, Ill-Timed – Bank Directors
The Bank Directors Association of Nigeria has expressed strong concerns about the recent imposition of a 70%…
High inflation: 67% of MSMEs seen declining demands — PwC
A new PwC Nigeria report reveals that 67% of Micro, Small, and Medium Enterprises (MSMEs) have seen a drop in…
Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun…
Finance Minister Wale Edun has assured Nigerians of economic progress under President Bola Tinubu, revealing that…
Goldman Sachs’s filing reveals $418 million in spot Bitcoin ETF holdings
Goldman Sachs disclosed a $418.65 million stake in U.S. spot Bitcoin exchange-traded funds (ETFs) in its latest…
Julius Berger’s share price climbs by 34.02% in two weeks
Julius Berger closed trading on August 13, 2024, at N130.00 per share, continuing a notable upward trend.
The…
AfDB Calls for Increased Private Sector Engagement in Climate Finance
At a recent conference in Kampala, Uganda, the African Development Bank emphasized the critical need for greater…
At N4.54tn, FGN Bonds, Sukuk Listings Out-pace Corporates on NGX
In the first seven months of 2024, Federal Government of Nigeria (FGN) Bonds and Sukuk listed on the Nigerian…
Nigeria’s International Payments Up 31%, Letters of Credit Outlay Down 63.3%
Nigeria's overseas payments increased by about 31% from January to May 2024, reaching $3.31 billion. This rise is…
Olam Agri Commits N6.5bn to Sustainable Social Investment in Nigeria
Olam Agri has launched a significant expansion of its Corporate Responsibility and Sustainability (CR&S)…
Credit to Private Sector Increased by 38% YoY in June
Credit to Nigeria's private sector saw a significant increase of 38% year-on-year in June 2024, reaching N73.12…
PTML Becomes Major Transshipment Hub to Europe, Receives First RoRo Ship from…
PTML Nigeria, the largest Ro/Ro multipurpose port terminal in West Africa, has achieved a significant milestone by…
Fear fades in US stocks, but history shows quick return to calm unlikely
Last week, U.S. stocks experienced significant volatility, but the market is now calming down. The Cboe Volatility…
Futures rise as PPI set to kick off data deluge
Futures for major U.S. stock indexes increased on Tuesday as investors awaited producer price data, which could…
US small business sentiment near 2-1/2-year high
U.S. small-business confidence rose to its highest level in nearly 2.5 years in July, indicating that concerns…
US shale companies produce more crude using fewer rigs
U.S. shale producers are increasing oil output by enhancing drilling efficiency without additional spending, as…
Naira rises to N1,580/$ in parallel market
The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend.…
Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital’s…
The Central Bank of Nigeria (CBN) and FBN Holdings Plc are asking a Federal High Court in Lagos to dismiss a…
DMO offers two new FGN bonds
The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for…
Equity market begins week with N404bn loss
The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by…
Nigeria’s fiscal deficit drops 29% to N2.82trn
Nigeria’s budget deficit decreased by 29% in the first quarter of 2024, falling to N2.83 trillion from N3.96…
Providus Bank pays Unity price for national dreams
Providus Bank is set to acquire Unity Bank, a financially troubled but strategically important bank, following…
Q2: Demand for crude oil by local refineries rises to 597,700 bpd
However, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has only managed to secure 177,777 bpd from…
Air Peace: FG writes UK, threatens to bar British carriers from Lagos, Abuja…
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, has escalated the issue of Air Peace's…
Inflation: 67% of MSMEs report decline in demand for their products and services –…
A new report by Price Waterhouse Coopers shows that 67% of Nigerian Micro, Small, and Medium Enterprises (MSMEs)…