Section
322 stories from 2016 to 2025.
Page 8 of 17
Nigerian National Petroleum Corporation (NNPC) Limited yesterday said there is sufficient stock of petrol to meet local demand, calling on the public to desist from panic buying of the Premium Motor Spirit (PMS), or…
It will cost N3trillion to fund petrol subsidy this year at N270 billion per month, the Federal Government said yesterday. This is based on the projection submitted by the Nigerian National Petroleum Company (NNPC)…
Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on…
Bitcoin fell more than 10% over the past day trading at around $36.3K on the FTX exchange, causing the crypto market to be in a sea of red. Despite the crypto market losing nearly $200 billion in market value since…
Nigeria will prioritise tax collection from its digital economy in 2022 and focus on non-resident firms with a significant economic presence that generate turnover in the West African country, the country's tax chief…
Nobody intends to create something that will ultimately fail, yet the brutal fact is that startups fail far more frequently than they succeed. According to the press release from GreenTec Capital Africa Foundation and…
The president, Trade Union Congress, Mr Quadri Olaleye has said that the federal government in the last 10 years wasted about $9.5billion for turnaround maintenance of the moribund refineries. Quadri disclosed this in…
Students of UNILAG have received various customised merchandise and cash gifts at ALAT’s Campus Storm holding at the University of Lagos, Akoka, Yaba. The digital bank began a week-long event on Monday, January 10,…
With groundbreaking value drivers, prominent financial institution Parallex Bank has become the latest entrant into the commercial banking industry in Nigeria. Having launched on Friday, January 14, 2022, at the bank’s…
Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget,…
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The…
A United States-based magazine, Global Finance, says the Central Bank of Nigeria has failed to curb rising inflation and stop the naira from sliding against the United States dollar. This was disclosed in an October…
Popular Nigerian socialite, Obi Iyiegbu well known as Obi Cubana was grilled on Thursday by the National Drug Law Enforcement Agency (NDLEA) for his alleged link to the illegal narcotics business. According to The…
With the latest N250 billion Sukuk, the Debt Management Office, DMO, has successfully brought to close, the sum of N3.143 trillion domestic borrowing contained in 2021 budget. All of the domestic borrowings had been…
The Canadian government has lifted the ban imposed on travel from 10 African countries — including Nigeria. Health Minister Jean-Yves Duclos at a press briefing on Friday, December 17, said the lifting will take effect…
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. According to THE PUNCH, operators said the dollar was bought and sold for N567 and N570 respectively on Tuesday,…
In a dramatic fashion, a telecom underdog, MAFAB Communications, emerged from nowhere, Monday, to become one of the winners of 3.5GHz Spectrum licenses. The licenses are necessary to deploy 5G services in Nigeria. The…
The Presidency said on Sunday that there is no provision in the Finance Bill (2022) that states that banks will be required to request for Tax Identification Number before opening bank accounts for individuals and…
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the country have stopped local travel agencies and firms from selling tickets to intending inbound…
The South-East Amalgamated Markets Traders Association, on Monday, rejected the recent increase in the import duty on cargoes charged by Nigeria Customs Service. SEAMATA is the umbrella union of traders in all the…
