Business News

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...

The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent. The PUNCH reports in March that the...

The Central Bank of Nigeria (CBN) has announced revocation the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country. The revocation is contained...

The foreign exchange turnover of Naira against the United States of American dollar on the Investors & Exporters window fell by 47.08 per cent in April. This was disclosed in...

Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges, The PUNCH reports. In a conversation with our correspondent on Monday, the Chairman of the...

Bill Gates, co-founder of Microsoft, predicts that the leading artificial intelligence firm of the future will have developed a personal digital agent that can carry out certain tasks on behalf...