Heritage Bank Loses License, Depositors to be Paid by Insurance Corporation
The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank due to ongoing financial…
Tax Reform Committee Proposes Lower Fees for Tax Collectors, Daily Revenue Sharing…
Nigeria's Presidential Fiscal Policy and Tax Reforms Committee is proposing significant changes to tax collection.…
Trading continues on NGX amid strike, investors lose N103bn
The Nigerian Stock Exchange (NGX) opened the week on a down note, with investors losing N103 billion. Sell-offs in…
Strike: FG offers ‘above’ N60,000 minimum wage as NLC/TUC revert to organs
Nigerian labor unions have called off their nationwide strike after a productive meeting with the federal…
Petrol: Landing cost rises 46.8 per cent to N1,026.71 — Investigation
Despite claims of subsidy removal, the landing cost of petrol in Nigeria has risen sharply over the past year. In…
Naira closes at N1,476.12 as dollar supply drops
The Nigerian Naira appreciated against the US dollar at the official foreign exchange market on Monday, even…
After trial, investors weigh Trump 2.0 factor as election looms
Last week, Donald Trump became the first former president to be convicted of a felony, but Wall Street remains…
Stock investors gain N619bn in May despite rates hike
The Nigerian equities market showed resilience in May, posting a marginal gain of N619 billion despite the Central…
Apprehension as FG borrows N20.1trn under Tinubu
In the first year of President Bola Tinubu’s administration, the Federal Government of Nigeria borrowed N20.1…
CBN Predicts Growth in Shariah-Compliant Banks
The Central Bank of Nigeria (CBN) announced that more shariah-compliant banks are expected to emerge due to the…
Cryptocurrency Suffers $42.6 Million Loss to Hacks in May
In May, the cryptocurrency industry faced significant losses totaling $42.6 million due to various hacking…
Nigeria to monitor mining sites via satellite, curb illegal activities
Dr. Dele Alake, Minister of Solid Minerals Development, announced that the Nigerian government will implement…
Iran-Africa Trade Reaches $1.2 Billion, with Iran Targeting Nigerian Market
The Government of the Islamic Republic of Iran announced that its trade with African countries has reached $1.2…
FG eyes $7bn FDI from oil sector – Wale Edun
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced the securing of $7…
Aviation Workers’ Strike Causes Flight Delays and Cancellations
On Monday, flights from Lagos airport terminals and other airports nationwide experienced significant delays and…
CBN Revokes Licence Of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect, citing a…
Nigeria eyes fresh 480,000bpd as NNPC, ExxonMobil sign new deal
Good news for Nigeria's oil production! The Nigerian National Petroleum Company (NNPCL) and ExxonMobil have…
UPDC Declares 177% Income Growth
UPDC, a leading Nigerian real estate company owned by UAC, is experiencing a major turnaround. The company…
Stakeholders Applaud Smooth Start Of Hajj Flights
This year's airlift of Nigerian pilgrims to Saudi Arabia for Hajj is off to a great start! Pilgrims and…
Lagos Innovation Bill Proposes Tax Holiday, Waiver For Start-Ups
Lagos is set to become a hub for innovation, according to a new policy proposal. The Lagos Innovation Bill aims to…
Presidential tax committee recommends N800/$ Customs duty rate
Nigerian businesses are likely to welcome a new proposal that could make planning and budgeting easier. The…
FG secures World Bank’s $500 million loan for electricity sector
Nigeria's power sector is set for a shot in the arm with a $500 million loan from the World Bank. This funding…
Credit to government rises 2% to N19.98trn
Nigeria's government borrowing increased slightly in April, to N19.98 trillion, despite analysts' predictions of a…
Customs pushes for a single document, PCS for cargo clearance
Nigerian Customs Aims to Simplify Trade with Single Clearance Document
Nigerian Customs is working towards a…
Naira falls further as dollar sales drop by 30.05%
The Nigerian Naira continued its decline against the US Dollar on Thursday, losing over 10% of its value at the…
Nigerian drugmakers see 58% revenue rise as prices soar
Nigerian pharmaceutical companies are experiencing a surge in revenue, with a combined increase of 58% in the…
Chinese companies rush to hike dividends, buy back shares in Japan-style reform
Chinese companies are responding to government calls to improve investor returns by offering record dividends and…
Saudi Arabia Considers Selling More Aramco Shares
Saudi Arabia is preparing to announce a potential secondary share offering for Aramco, its state-owned oil giant.…
Oil prices steady as solid U.S. crude demand offsets rate concerns
Oil prices remained relatively unchanged today as conflicting factors influenced the market. Upward pressure came…
Germany to Scrap Gas Storage Fee for Neighboring Countries
Germany is removing a fee it charged neighboring countries for accessing its natural gas reserves. This levy,…