Business News

1. CBN intervenes as more PoS operators implement rate hike Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of...

The board of directors of the African Development Bank Group has approved $115m loan to support a major road rehabilitation project in Abia State. The project would ensure the rehabilitation...

The Private Infrastructure Development Group has stated that it would deliver $9bn in commitments and mobilise $25bn in additional finance to benefit 100 million people in emerging markets and developing...

The equities market on the Nigerian Exchange Limited, NGX opened the week positively on Monday as investors gained over N534 billion. The NGX- All Share Index, ASI, another stock market indicator,...

There are indications that banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as their borrowings from the apex bank intensifies. A CBN data...

The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos...

Value Added Tax generated from the construction and real estate sector rose by 124 per cent from N10bn in 2018 to N22.45bn in 2022. An analysis of the National Bureau...

Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the...

About 25 states in Nigeria suffered a shortage fall in internally generated revenue and struggle with cash crunch in the first quarter of 2023, findings by The PUNCH have shown. Data obtained...

1. BREAKING: Nigeria’s GDP growth falls to 2.31% in Q1 2023 Nigeria’s Gross Domestic Product growth fell to 2.31 per cent in the first quarter of 2023 from 3.52 per...