Business News

The federal government has set a revenue target of N25.2 trillion for the Federal Inland Revenue Service (FIRS) by 2025. Dr. Zacch Adedeji, Executive Chairman of the FIRS, made the...

The official foreign currency market saw the Naira rise to N1,493 per unit yesterday. The Central Bank of Nigeria (CBN) said that the exchange rate for the Nigerian Foreign Exchange...

Following the resignation of its co-founder and CEO, Ebun Okubanjo, Bento Africa, a payroll and HR management platform based in Nigeria, has temporarily halted operations. This decision follows investigations into...

African leaders pledged more than $50 billion to improve electricity access throughout the continent during the recent Africa Electricity Summit in Dar es Salaam, Tanzania. The "Mission 300" project, which...

The unified foreign exchange regulation has had the anticipated outcomes, with remittances through International Money Transfer Operators reaching $4.18 billion in the first three quarters of 2024, compared to $2.33...

The Naira rose to N1,640 per dollar in the parallel market today from N1,655 per dollar on Monday. Similarly, the Naira rose to N1,526.3 per dollar on the official foreign...

Alibaba, the Chinese tech behemoth, has developed Qwen 2.5, an updated AI model that it says surpasses top open-source models such as DeepSeek-V3. "Qwen 2.5-Max outperforms..." Alibaba's cloud unit announced...

On January 29, 2025, the Naira rose to ₦1,640 per US dollar on the parallel market, up from ₦1,655 the day before. The Naira also enjoyed gains in the official...

The Central Bank of Nigeria (CBN) stated today that it has approved the remission of non-refundable yearly licence renewal costs for current Bureaux de Change (BDCs) in the country. The...

Tomato prices across Nigeria have experienced a significant decline due to a seasonal glut during the January-to-March harvest period. In Lagos, the price of a 50kg basket of tomatoes has...