The Federal High Court in Abuja on Monday ordered the two oil companies to pay a sum of N90 billion in damages to Ibeno oil communities...
Vice President Yemi Osinbajo has charged corporate organisations operating in Nigeria to be more accountable and people-centred in their services and ownership structure. He said this...
The World Bank on Tuesday advised the Central Bank of Nigeria (CBN) to provide a clearer and more predictable foreign exchange (forex) management policy for Nigeria....
Nigeria has lost N24.72billion ($60.14million) in ten days to the microblogging and social networking service, Twitter, ban in Nigeria, according to NetBlocks Cost of Shutdown Tool....
The usual high patronage of Point of Sale (PoS) services in the country is in reverse trend as bank customers now resort to Automated Teller Machines...
Speaking at the 25th Anti-corruption Situation Room organised by HEDA Resource Centre held at Sheraton Hotel on Saturday in commemoration of the June 12, 1993 elections won by late...
If there is one thing brought to the fore by the recent death of the Senior Pastor of the Synagogue Church of All Nations (SCOAN), the...
Debt Management Office (DMO) on Wednesday put Nigeria’s total public debt stock as of March 31, 2021, at N33.107 trillion or USD87.239 billion. The agency explained...
Former United States President Donald Trump says he considers Bitcoin as a “scam”. “Bitcoin, it just seems like a scam. I don’t like it because it’s...
Nigeria’s growing appetite for made-in-China products resulted in the country spending N2.009 trillion on imports from the Asian nation in the first three months of this...
The recent temporary suspension of Twitter’s operations in Nigeria is beginning to bite hard on businesses and brands with huge online visibility. The federal government had...
The Onion Producers and Marketers Association of Nigeria (OPMAN) has said it will cut off supply to entire southern Nigeria beginning from Monday, June 7, if...
The recent indefinite suspension of microblogging and social media platform, Twitter, by Nigeria’s government is no longer news. The suspension, which was announced on Friday, June...
In order to keep a green and sustainable environment, Nigerian banks will no longer lend money to individuals and corporate bodies whose activities harm the environment....
Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, it said on Wednesday, nearly 16 years after the SA retailer opened its first...
The Nigerian National Petroleum Corporation (NNPC) Monday revealed that it was currently considering equity participation in a number of private refineries in the country in line...
Bitcoin recorded its biggest monthly fall in over two years as it declined by 37.5 per cent at the end of this month. The decline reflected...
Again, the value of the Nigerian naira tumbled to a new low on Thursday at the parallel market. The Nigerian currency declined by N2 to trade at the...
The naira exchanged to the dollar at N491.5/$ at the parallel market on Wednesday. According to naijabdcs.com, the official exchange rate website of the Central Bank...
Nigeria’s stock market continues its losing streak on Wednesday as capitalisation dropped further by N12 billion due to profit-taking on banking stocks. Specifically, the market, which...
Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members nationwide to increase prices of bread, biscuits and other items by 30 percent...
The Central Bank of Nigeria (CBN) has said all the states that benefited from the bailout loans will pay back just as it has agreed that...
The Naira opened the first trading day of the week trading flat against the U.S dollar on Monday at the parallel segment of the foreign exchange...
First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative...
According to a press release issued, Access Bank, Nigeria’s largest lender, has completed the acquisition of Mozambique’s African Banking Corporation, another milestone achievement in Access Bank’s expansion goals....
Edo State Internal Revenue Service (EIRS), has called on the federal, state government’s agencies and multinational companies in the state to be tax compliant to prevent...
The Fiscal Responsibility Commission (FRC) says 32 revenue-generating agencies have failed to remit N1.2trn. FRC Chairman, Victor Muruako, told reporters in Abuja yesterday that various agencies...
Multinational oil giant Shell has revealed its intention to withdraw from Nigeria’s onshore oil sector. Making this known at Shell’s annual general meeting on Tuesday, the...
Financial analysts and the organised private sector yesterday expressed mixed feelings over Nigeria’s rising public debt following a fresh request by President Muhammadu Buhari to the...
President Muhammadu Buhari has sought the approval of the National Assembly for a new external borrowing plan of N2.343 trillion (about $6.183 billion) as contained in...
President Muhammadu Buhari has lauded the historic roles of the Nigerian capital market in national development and the successful transition of the capital market into a...
Nigeria’s rate of inflation dropped to 18.12 per cent in April 2021, the National Bureau of Statistics (NBS) said on Monday It was 18.17 per cent...
The National Institute of Marketing of Nigeria says Small and Medium Enterprises will play a significant role in the post-COVID-19 world. In a statement, the institute...
As part of efforts towards making Edo State a preferred investment destination, the state government has facilitated a memorandum of understanding (MoU) with investors for the...
Nigeria let the naira weaken to a record low against the dollar on the official market on Friday, according to traders, who said this could be...
The Central Bank of Nigeria (CBN) has removed the official exchange rate of N379 per dollar from its website. The last time it was updated was...
Data from the Organisation of Petroleum Exporting Countries (OPEC), has shown that Nigeria’s oil and gas industry growth declined by 19.8 per cent in the fourth...
The naira recorded marginal depreciation at the official window after the Central Bank of Nigeria (CBN) announced the indefinite extension of its ‘Naira-4-Dollar’ scheme. The naira...
The United Bank for Africa Plc emerged as the biggest bank by customer deposits as total customer deposits in nine Nigerian banks increased to N30.81tn at the...
The World Bank has disclosed that global remittances reached the sum of $540 billion in the year 2020, less than the 2019 figure of $548 billion,...
Members of the Ship Owners Association of Nigeria (SOAN) have said the federal government will be losing over $100 million due to a recent award of...
MTN Nigeria has emerged as the biggest loser among the four leading telecom firms operating in Nigeria as millions of subscribers dumped the y’ello network all through the...
The African Development Bank (AfDB) has stressed the need for Nigeria to urgently diversify her economy to enhance economic growth and development. The Senior Special Adviser...
Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly. A top...
Governor Godwin Obaseki has sought the collaboration of professionals to expand Edo tax revenue. Obaseki made the appeal on Monday in Benin during a meeting with...
Uber has increased the rate of its economy option (UberX) by 13% in Lagos from May 11, 2021. This was disclosed by the ride-hailing firm via...
The Executive Chairman, Edo State Internal Revenue Service (EIRS), Mr Igbinidu Inneh, has warned traders’ associations against the collection of unauthorised revenues in the state. Inneh,...
MTN Nigeria said it has successfully issued N110 billion Series 1, 7-Year 13.0 per cent Fixed Rate Bonds due 2028 (Series Bond). The issuance, it said,...
The Intellectual Property Institute has called on the organised financial sector in Nigeria to recognise and accept intellectual property as collateral for granting loans to Small...
The Managing Director/Chief Executive Officer, Okitipupa Oil Palm Plc, Mr Taiwo Adewole yesterday asked the federal government to set up Oil Palm Development Trust Fund in...