Business News

In three months, from September 2023 to December 2023, the Central Bank of Nigeria (CBN) reports a substantial surge in currency in circulation (CIC), witnessing an impressive uptick of about...

Federal safety inspectors have reported that Tesla is recalling 2.2 million of its cars on US roads due to warning light display sizes that are too small. The National Highway Traffic...

Bullish trading resurfaced on the stock market on Thursday leading to a gain of N902bn. This came after two bearish sessions on the back of profit-taking activities. A similar trend...

Fortified Sugar brought in the highest revenue to BUA Foods of its different business segments in 2023. The firm’s total revenue rose by 74.13 per cent to N728.48bn in 2023...

The Central Bank of Nigeria, CBN, has fixed $1m as the minimum share capital requirement for International Money Transfer Operators in the country. This was revealed in its revised guidelines...

The International Monetary Fund (IMF) has predicted a decline in Nigeria’s inflation rate to 23 percent in 2024 and 15.5 percent in 2025. IMF’s Division Chief of Research Department, Daniel...

The Lagos State Internal Revenue Service has extended the filing of employers’ annual tax returns to February 7, 2024. Statutorily, the filing of annual tax returns by companies expires on...

FBN Holdings has appointed billionaire businessman, Femi Otedola, as the new chairman of its Board of Directors to succeed Ahmad Abdullahi. In a corporate notice filed with the Nigerian Exchange...

The Governor of Gombe State, Inuwa Yahaya, has revealed that the state wants to issue N30bn green bond to finance some infrastructure projects.  Yahaya said this on Wednesday on the...

The Central Bank of Nigeria (CBN) has introduced a new circular that eliminates the previous cap on exchange rates set for International Money Transfer Operators (IMTOs). Following a circular addressing...