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Customs may cut 70% jobs after $3.1bn automation
There are strong indications that the Nigeria Customs Service (NCS) may lose about 70 per cent of its workforce if...
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Buhari orders quick release of N2.3tr stimulus funds
PRESIDENT Muhammadu Buhari on Tuesday ordered the “speedy and timely released” of the N2.3 trillion Economic Sustainability Package to “cushion...
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Foreign exchange inflows fell to $5.52bn in May
Foreign exchange inflows into the country fell to $5.52bn in May, the latest figures from the Central Bank of Nigeria...
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‘Our refinery’ll meet demand for black oil’
The Edo Modular Refinery operated by Edo Refinery and Petrochemical Company Limited is expected to meet 100 per cent of...
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Electricity consumers insist new tariff ill-timed
The implementation of a new tariff by the electricity distribution companies (DisCos) across Nigeria, has stoked a controversy with the...
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5,180 BDCs get $51.8m on forex sales resumption
About 5,180 Bureau De Change operators got $10,000 each as the Central Bank of Nigeria fully resumed foreign exchange sales...
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Revenue: 122 agencies fail to remit N1.2tn surpluses
The Fiscal Responsibility Commission (FRC) has said 122 Federal Government agencies have failed to remit N1.2 trillion operating surpluses to...
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Food insecurity prevalent in Lagos, Kano, Rivers, Abuja –NBS
The outbreak of COVID-19 has increased food insecurity in Lagos, Kano, Rivers and Abuja, the National Bureau of Statistics has...
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Investors of 7 firms earn N111bn dividend in H1 operations
Seven companies will pay N111.4 billion as interim dividend to their shareholders following their audited accounts for operations in the...
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Ogun offers 30% discount on land charges
The Ogun State Government has granted 30 per cent reduction of the cost of land or land charges to business...
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FG increases efforts to grow insurance premium to N1 trillion
Nigeria’s insururance industry is going through a transformation with the National Insurance Commission (NAICOM), and major players strategizing to take...
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Hyundai recalls 52,000 SUVs
Koreanautomakers Hyundai and Kia are recalling over 600,000 vehicles in the United States and Canada to fix a brake fluid...
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Naira set to gain as CBN resumes forex sales
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today)...
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CBN Moves against Banks, Gaming Companies over Unauthorised FX Transfers
•Places over 38 firms on PND •To penalise management of banks •Increases target credit facility to N100bn The Central...
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Fed Govt set to replace Vision 20:2020
President Muhammadu Buhari has directed the preparation of new development plans for the country as Vision 20:2020 and the Economic...
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What consumers will pay for electricity
Attempting to get an exact figure or cost that electricity consumers will pay under the new tariff regime may not...
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Zenith Bank posts N103.8 billion half-year PAT
Zenith Bank Plc has announced N103.8 billion Profit After Tax (PAT) in its audited results for the half-year ended June...
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COVID-19: Finally, Schools Get Approval for Phased Reopening
Curfew now 12am to 4am Buhari extends PTF mandate till December 31 After a six-month closure as a precaution to...
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Oil servicing firms may go bankrupt, says report
With the crude oil market likely to remain depressed for the rest of 2020, some oil servicing companies in Nigeria...
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Bellwethers buoy stock market N27 billion gains
Transactions on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday, as more blue-chip stocks, especially UACN, and Linkage...
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External reserves fall below threshold
• ‘We can’t get firmer naira with dithering external reserves’ • Nigeria lags behind South Africa, Algeria in size, per...
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Outrage as depot price hike may push petrol to N160
Small businesses will be hard hit, manufacturers warn Nigerians are being taken for granted by this govt – NLC The...
Read moreStock market advances with N24bn gain
The equities market, on Wednesday, extended its rally by N24bn following gains recorded by some blue-chip firms. The key performance...
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$22.7b approved loans still intact, says DMO
Government has not drawn from the $22.76 loans approved by the National Assembly, the Debt Management Office (DMO) said on...
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Naira rebounds, exchanges for 420/$, speculators count losses
The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the...
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