News

In a recent directive, the Federal Government of Nigeria has instructed commercial banks to deduct and remit 0.375% on all loans they disbursed. According to notifications sent to customers by...

Fuel marketers have expressed concern over the continued ban on the supply of petroleum products in border communities across the country. The National President of the Independent Petroleum Marketers Association...

Analysts have stated that the decision of the Monetary Policy Committee to raise the benchmark interest rate by two per cent to 24.75 per cent would make the equity market...

Access Holdings grew profits by 306.91 per cent to N619.32bn for the financial year 2023 from N152.20bn recorded in the previous year. This was disclosed in the consolidated and separate...

The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPCL spokesperson, Olufemi Soneye, in a statement, described the...

The Federal Government, on Tuesday, said about $5bn worth of investments are expected in Nigeria from oil and gas companies this year. It disclosed this during the ongoing oil and...

The private sector generates $236bn in illegal profits annually, a new study by the International Labour Organisation has revealed. According to the report titled “Profits and Poverty: The Economics of...

The Minister of State for Environment, Dr Iziaq Salako, has said the ministry through the National Oil Spill Detection and Response Agency will be commencing periodic review of the plans...

Data consumption reached 721,522 terabytes, the highest monthly consumption ever recorded, according to the Nigerian Communications Commission. Data obtained on Tuesday from the regulator’s website showed that this record surpassed...

The Nigerian currency, the naira, witnessed a notable uptick in its value against the US dollar in both the parallel market and the official Nigerian Foreign Exchange Market (NAFEM) on...