Business News

Nigeria’s Dangote refinery has made a historic move by exporting its first jet fuel cargo to Europe. This signals a significant milestone in the global energy market and showcasing the...

The Central Bank of Nigeria on Friday, announced that international oil companies can sell their retained 50 per cent of repatriated export proceeds in the Nigerian Foreign Exchange Market. This...

The global adoption of cryptocurrencies has surged, with the number of crypto owners worldwide reaching 562 million, marking a 34% increase from 2023. This impressive growth signifies that approximately 6.8%...

With Nigeria’s rising population, electricity demand continues to be on the rise, mounting pressure on the government and private operators whose duty it is to ramp up power generation and...

The Presidential tax Committee on Fiscal Policy and Tax Reforms has suggested a N800 per dollar Customs import duty rate for the remainder of the year. This step will be...

Transcorp Hotels has disclosed that it had an average occupancy rate of 81 per cent in 2023. In addition to the occupancy rate, Transcorp Hotels saw its profits soar by...

The equity market extended its rally to the fourth consecutive trading day as investors gained about N259bn on Thursday. The benchmark index and the market capitalisation of the Nigerian Exchange...

Credit to the government increased by 2.0 percent month on month (MoM) to N19.98 trillion in April from N19.58 trillion in March. The Central Bank of Nigeria's (CBN) Money and...

World bank loan, the federal government has obtained a $500 million loan from the World Bank to support power distribution companies (DisCos). According to a statement issued yesterday in Abuja...

The Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele, has proposed exempting manufacturers and farmers from paying withholding tax to reduce the tax burden on businesses....