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The Nigeria Customs Service (NCS) has dismissed reports that the Federal Government has lifted the ban on vehicle importation through the Seme border.

Ban on vehicle importation through Seme border not yet lifted – Customs

Seme border was among the four land borders reopened by Federal Government on Dec.16, 2020 by the then Minister of…
Dangote

Dangote donates health, educational facilities to communities in Kogi

The launched facilities are located in the host communities of Awo Akpali and Awo Ojuwo in Ankpa local government area.
DMO: We’ve raised N3.3trn from domestic markets to fund 2022 budget deficit

DMO: Tinubu’s policies will help Nigeria reduce borrowing, boost revenue

The DMO recently released the Market Access Country-Debt Sustainability Analysis (MAC-DSA) for 2022.
MAN warns that the planned 40 per cent hike in the electricity tariff will have negative consequences on the manufacturing sector,

Manufacturers warn against planned 40% hike in electricity tariff

According to MAN, a 40 per cent tariff increase at this time would engender higher costs of production, lower profit…
Cynthia Ikponmwosa, LAPO MD

LAPO Microfinance Bank increases staff salaries

LAPO Microfinance Bank Limited was ranked in 2021 by StatiSense, as the 5th largest employer of labour in Nigeria with…
Khalifa Adebayo Alao Biobaku

UAC Nigeria appoints Adebayo Biobaku board vice chairman

Biobaku is a director in six other companies, such as Themis Capital Management, Director Am & P Advisory Services Ltd,…
Naira

More woes as Naira loses more ground against dollar

An exchange rate of N801 to the dollar was the highest rate recorded within the day’s trading, before it settled…
Naira

Naira crashes against Dollar at Exporters Window again

The Naira depreciated by 0.87 per cent when compared with N756.61 for which it exchanged for the dollar on Tuesday.

The risk management behind Nigeria’s largest corporate lending portfolios

Managing corporate lending portfolios is routine work within commercial banking, but the stakes rise sharply when exposures reach tens or…
Naira

Dollar plummets against Naira at Exporters window

The Naira gained by 1.79 per cent when compared with N770.38 it was exchanged to the dollar on Monday.

Alibaba names new CEO as Zhang steps down

Chinese e-commerce giant Alibaba on Tuesday, announced that Eddie Yongming Wu would succeed Daniel Zhang as chief executive officer, starting…
These awards underscore FCMB's commitment to impactful lending, actively driving economic growth and job creation across Nigeria

Asset Finance: FCMB Offers N100m to SMEs

Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed…
ExxonMobil has announces Mr Shane Harris as new Chairman and Managing Director in Nigeria.

ExxonMobil appoints Shane Harris Chairman/MD in Nigeria

Harris assumes role as lead country manager for ExxonMobil’s three affiliates in Nigeria due to Richard Laing retirement.
NAMA grounds operations of Arik Air over enforcement of the court judgment on $2.5m owed by the airline to Atlas Petroleum International Ltd.

Arik Air debunks N120bn misappropriation allegation

The management of Arik Air Limited (in receivership) has dismissed allegations of misappropriation of funds to the tune of N120…
Experts laud CBN over planned recapitalisation of banks

CBN relaxes restriction on domiciliary accounts

AbdulMumin said that this is in order to improve FX supply, discourage speculation, enhance customer confidence and ensure overall stability…

Olam Agri’s Seeds for the Future wins Sustainability Initiative of the Year Award

The Africa Food Awards recognises and celebrates the best companies and individuals in Africa’s rising food manufacturing, retail, academia, and…
Binance

“Binance Nigeria Limited” a scammer entity – Binance CEO

"Binance have issued cease and desist notice to the scammer entity "Binance Nigeria Limited"
The president and Dangote

Tinubu, Dangote meet in Abuja amidst sweeping economic reforms (Photos)]

Tinubu, sworn-in on 29 May, 2023 has hit the ground running, initiating painful economic reforms, which many believe will reverse…
Tinubu's nationwide broadcast

IMF declares support for Tinubu’s exchange rate policy

The Central Bank of Nigeria (CBN) on Wednesday introduced a floating exchange rate system in the foreign exchange market by…
NAFDAC seals herbal medicine factory bakery and sachet water companies over failure to meet minimum production requirements in Kaduna

NAFDAC issues statement over Indomie Noodles produced in Nigeria

Adeyeye particularly urged MAN to take the bull by the horn with the Food, Beverage, and Tobacco sector and Chemical…

AWS launches first CloudFront Edge location in Nigeria

The new edge location provides secure, reliable, high-performing connectivity to the rest of the AWS global network and support for…
Naira

More trouble as Naira continues in massive fall at investors, exporters window

The local currency depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on…
Inflation goes up in Nigeria

Nigeria’s inflation soars to 22.41 percent in May

According to the NBS, in May 2023, the headline inflation rate increased to 22.41% relative to April 2023 headline inflation…
Gas

‘Why price of cooking gas dropped in Nigeria’

Yakubu said that the price of LPG dropped because the international reference price in USD had dropped, amidst relatively stable…
Naira

Naira in massive crash to dollar at Investors, Exporters Window

The local currency dropped by 40.78 per cent when compared with N471.67 it exchanged for the dollar on Tuesday.
Naira fluctuations have prompted businesses to adapt, says Bunmi Adeleye of Retail Supermarkets Nig. Ltd, owners of Shoprite Nigeria.

BREAKING: CBN floats naira at investors’ forex window

“Hence, banks and customers are allowed to trade freely at any rate subject to N1 spread between buy and sell…
Value Added Tax (VAT)

Nigeria records N710bn VAT in Q1 2023 – NBS

The report, however, said, on a year-on-year basis, VAT collections in Q1 2023 increased by 20.56 per cent from Q1…
Ubah

Judge issues criminal summons on Sen. Ifeanyi Ubah, Capital Oil

The Federal Government commenced in 2019 criminal prosecution of Senator Ifeanyi Ubah in an 8-count charge over his indebtedness to…

Immigration restores Seplat Energy CEO Roger Brown’s visa, work permit

The Company previously announced that the Immigration Documents were withdrawn by the Ministry, following false allegations of racism, unfair prejudice,…
Aviator Game

Aviator Game: The Ultimate Guide to Winning Big

Welcome to our comprehensive guide to the exciting Aviator Game! Get ready to take off and soar to new heights…
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