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Business

Senate

Senate amends Finance Act to allow imposition of windfall tax

Ayorinde Oluokun

2 years ago

Presenting the report, Musa said that the Senate at the plenary session on Wednesday July 17, read the letter of…
Nigeria's regulatory agency, FCCPC explains why it imposed $200 million fine against Meta Platforms Inc. and WhatsApp LLC.

Why we imposed $200m fine on Meta, WhatsApp — FCCPC

Ayorinde Oluokun

2 years ago

”Only last week, FCCPC issued a final order and imposed a monetary penalty of $220,000,000.00 (Two Hundred and Twenty Million…
CBN

CBN jacks up interest rate again amidst rising inflation

Kazeem Ugbodaga

2 years ago

The CBN had in May 2024 raised the interest rate to 26.25 percent and has now moved it to 26.75…
inDrive extends strategic partnership with Dynasty Africa

inDrive extends strategic partnership with Dynasty Africa

Taiwo Okanlawon

2 years ago

InDrive, a global mobility and urban services platform, is announcing the continuation of its strategic partnership with Dynasty Africa, a…
The President of AfDB) Akinwunmi Adesina laments takeover of many parts of Nigeria country by criminal elements amidst rising poverty

AfDB invests $10.9bn in Nigeria

Kazeem Ugbodaga

2 years ago

Barrow said the AfDB’s President, Dr Akinwumi Adesina, upon assumption of office eight years ago, prioritised the High 5–of Power,…
Investors lose N1.14trn as NGX reacts to MPC decision

Nigerian Stock Market hits N17 billion gain

Kazeem Ugbodaga

2 years ago

The market’s performance was primarily driven by gains in Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank For Africa(…
President of Dangote Group, Aliko Dangote, dismisses claim that diesel being refined at his Lagos Refinery is low quality

Our diesel of international standard, best in Nigeria – Dangote

Ayorinde Oluokun

2 years ago

“Dangote openly challenged the regulator to compare the quality of refined products from his refinery with those imported, advocating for…
Dangote

Monopoly: I never blocked anybody doing same business – Dangote

Taiwo Okanlawon

2 years ago

Africa’s richest man said the labelling of his group of companies as monopolistic is disheartening. He said his group of…
Tinubu lauds military for cracking down on terrorists, restoring peace

Financial Times reportage on Nigerian Economy-Standards are Falling

Kazeem Ugbodaga

2 years ago

Financial Times cannot cavalierly instruct Nigeria to send cash to wallets of poor people as a surefire way of ending…
CBN

CBN announces stricter regulations for dormant accounts, unclaimed funds

Ayorinde Oluokun

2 years ago

These new guidelines, effective immediately, supersede previous policies issued in 2015. This is made known in a circular signed by…
The House of Reps Committee on South East Development Commission (SEDC) approves the N140 billion 2026 budget proposal for the commission.

Reps joint committee asks Dangote, others to justify high price of cement

Ayorinde Oluokun

2 years ago

The committee resolved to visit production plants of the companies after going though their books to ascertain the cost of…
51st AGM/Congress: AAAN stronger than ever - Babaeko

51st AGM/Congress: AAAN stronger than ever – Babaeko

Kazeem Ugbodaga

2 years ago

While noting that the AAAN has encountered significant challenges, he stated that these have been overcome with the support and…
AfCFTA: FG launches plan to drive Africa’s digital trade revolution

AfCFTA: FG launches plan to drive Africa’s digital trade revolution

Oluwapelumi Oluwayemi

2 years ago

He described the roadmap as part of the Renewed Hope Agenda of President Bola Tinubu’s administration.
Naira

Naira crashes to dollar at official market again

Kazeem Ugbodaga

2 years ago

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
CBN

CBN introduces new metrics for economic growth and stability

Oluwapelumi Oluwayemi

2 years ago

During a session in Abuja on Friday with the Senate Committee on Banking, Insurance, and other Financial Institutions, CBN Governor…
Despite inflation, we'll complete outstanding residential projects 4th quarter of 2025 - LandWey

Despite inflation, we’ll complete outstanding residential projects 4th quarter of 2025 – LandWey

Kazeem Ugbodaga

2 years ago

According to the company: "At LandWey, we understand the critical importance of timely project completion and the trust our clients…
Mr. Chukwuma Nwanze, MD,CEO of Credit Direct Finance Company Limited, a member of FCMB Group Plc

FCMB Unit CEO Calls for Innovation and Resilience Amid Economic Challenges

Ademola Adegbamigbe

2 years ago

At the BusinessDay CEO Forum, Chukwuma Nwanze, MD/CEO of Credit Direct Finance Company Limited (Credit Direct), FCMB Group's consumer finance…
Online casino market in Nigeria is experiencing unprecedented growth, leveraging advancements in video game tech to attract new players.

Nigeria’s Online Casino Market Sees Growth Thanks to Video Game Tech

Ayorinde Oluokun

2 years ago

The burgeoning online casino market presents significant economic opportunities for Nigeria. The sector has the potential to generate substantial revenue…
AAAN’s 51st AGM/Congress begins in Ogun

AAAN’s 51st AGM/Congress begins in Ogun

Kazeem Ugbodaga

2 years ago

The three-day event, to be flagged off by the Governor of Ogun State, Prince Adedapo Abiodun, will also have in…
Senate

Senate reviews 2023 Finance Act to tax banks’ foreign gains

Kazeem Ugbodaga

2 years ago

Debating the amendment bills on Wednesday, Bamidele explained the intent of the proposed finance legislation, noting that it was designed…
Tinubu charges African leaders to combat illegal solid mineral exploitation

Tinubu charges African leaders to combat illegal solid minerals exploitation

Kazeem Ugbodaga

2 years ago

“We will lead the continent to self-realization on the value of our minerals and economic ingenuity, and this will occur…

Tinubu writes Senate, requests injection of N6.2trn into 2024 budget

Kazeem Ugbodaga

2 years ago

Tinubu explained that the appropriation act amendment bill sought to amend the principal act to provide the sum of N3,200,000,000,000…
Trading with binary in Quotex is a new fun way because Quotex is well known as a newcomer in Binary Options

Introducing Binary Options Trading to Beginner: Trade Quotex with Strategies!

Ademola Adegbamigbe

2 years ago

An Option is a financial derivative instrument that gives the right but not the obligation for the option holder to…
Margin trading allows you to borrow funds to trade larger positions, amplifying your potential gains (and risks)

Maximizing Profits in a Bear Market: How Margin Trading Can Help

Ademola Adegbamigbe

2 years ago

When trading crypto, bear markets are inevitable. Imagine riding high on your crypto investments, only to see the market take…
Henry Djaba's Lakeland Exploration Company set to invest $1bn in Guyana

Henry Djaba’s Lakeland Exploration Company set to invest $1bn in Guyana

Isa Isawade

2 years ago

Ghanaian businessman, Henry Djaba Jr., has confirmed that his company, Lakeland Oil and Gas International Trading and Supply Company Limited,…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Naira depreciates against dollar at official market

Ayorinde Oluokun

2 years ago

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
Lagos'll deepen relationship with India for human capacity building - Sanwo-Olu

Lagos’ll deepen relationship with India for human capacity building – Sanwo-Olu

Kazeem Ugbodaga

2 years ago

Sanwo-Olu, who commended the Indian companies in Nigeria for being the second largest employer of labour after the Federal Government,…
Stock Market

Equity market opens with N167bn profit gain

Kazeem Ugbodaga

2 years ago

Specifically, the market capitalisation, which opened at N56.441 trillion, gained N167 billion or 0.30 per cent to close at N56.608…
Oyo welcomes investors, eyes economic growth through entrepreneurship, innovation

Oyo welcomes investors, eyes economic growth through entrepreneurship, innovation

Kazeem Ugbodaga

2 years ago

In his words, "I encourage Sooyah Bistro to continue providing excellent services and creating opportunities for our citizens. I also…
Inflation moves up in Nigeria

Breaking: Nigeria’s inflation jumps to 34.19% in June

Kazeem Ugbodaga

2 years ago

According to NBS, In June 2024, the headline inflation rate increased to 34.19% relative to the May 2024 headline inflation…
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