Business News

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...

Otedola, with a net worth estimated at $1.1 billion, succeeds Ahmad Abdullahi, who just returned to the Forbes Africa Billionaires list after a seven-year absence. His appointment is effective immediately...

Stakeholders within the Cocoa industry reaffirmed their commitment to fostering positive changes within the sector following discussions at the International Cocoa and Chocolate Forum (ICCF). They viewed the forum not...

1. Naira plunges in ‘official market’, CBN warns forex dealers The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States...

Edo State Internally Generated Revenue grew by over 40 per cent to N62bn in 2023 from N45bn in the prior year. According to a release on Tuesday, the Chairman of...

The market capitalisation of the Nigerian Exchange recorded its second dip this year as it shed N857bn to close at N56,425tn on the back of sell-offs. The All-Share Index went...