ADVERTISEMENT ADVERTISEMENT The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61 million, the lowest since January...
ADVERTISEMENT ADVERTISEMENT Elon Musk revived a lawsuit on Monday against OpenAI, accusing its co-founders Sam Altman and Greg Brockman of betraying the artificial intelligence company’s founding...
ADVERTISEMENT ADVERTISEMENT Operators of modular refineries are facing a major setback as they encounter resistance from the Nigerian National Petroleum Company (NNPC) in a bid to...
ADVERTISEMENT ADVERTISEMENT The Nigerian Communications Commission has issued a directive to all telecommunications operators in the country, mandating them to restrict the number of available tariff...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria may print or wire over N746bn as a loan to the Federal Government based on the Ways and Means...
ADVERTISEMENT ADVERTISEMENT Nestle Nigeria Plc has recorded another half-year loss after tax, following the foreign exchange reform introduced by the Central Bank of Nigeria. Nestle posted...
ADVERTISEMENT ADVERTISEMENT The naira continued its decline against the dollar on the foreign exchange market on Monday. FMDQ data showed that the naira further weakened by...
ADVERTISEMENT ADVERTISEMENT Equity investors on the Nigerian Exchange Ltd. (NGX) experienced a significant loss of N1.32 trillion in the just concluded week. The downward performance was...
ADVERTISEMENT ADVERTISEMENT The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by...
ADVERTISEMENT ADVERTISEMENT Oando PLC has denied allegations on social and digital media that it owns a blending plant in Malta. The energy company also denied importing...
ADVERTISEMENT ADVERTISEMENT Guinness Nigeria Plc has released its audited financial statements for the year ended June 30, 2024. Guinness Nigeria Plc loss for the year came...
ADVERTISEMENT ADVERTISEMENT The Federal Government has reiterated that the principal officers of banks who refuse to comply with the law on the windfall tax on banks’...
ADVERTISEMENT ADVERTISEMENT The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plans to enter Nigeria’s...
ADVERTISEMENT ADVERTISEMENT Many Nigerians, especially those engaged in foreign trade, travel, and investment, always tend to be very sensitive and inquisitive about the US dollar-to-naira...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has issued revised guidelines for the management of dormant accounts, unclaimed balances, and other financial assets in banks...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) to meet the...
ADVERTISEMENT ADVERTISEMENT The naira appreciated on Tuesday for the first time in the week. FMDQ data showed that the naira gained slightly to N1,576.66 against the...
ADVERTISEMENT ADVERTISEMENT By Francesca Hangeior. The latest report of the National Bureau of Statistics (NBS) has said that inflation rate increased from 33.95% in May...
ADVERTISEMENT ADVERTISEMENT Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and...
ADVERTISEMENT ADVERTISEMENT In an effort to provide an affordable alternative and reduce the cost of transportation, the federal government has released a list of locations across...
