Category: Business

A London high court has begun to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed … Read More

Executive vice-chairman of the Nigerian Communications Commission (NCC), Umar Danbatta has disclosed that the commission is committed to improving telecommunication infrastructure and services in the country. According to Danbatta, this can … Read More

The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that it will create 300,000 direct jobs in the oil and gas industry by 2027. This was stated on Friday … Read More

The Lagos Chambee of Commerce and Industry (LCCI) has asked the federal government to revive local refineries. According to the chamber, this would curtail the hazards associated with fuel importation. This … Read More

Postmaster-general and chief executive officer of the Nigerian Postal Services (NIPOST), Ismail Adewusi has asked African postal bodies to seek opportunities offered by technology to improve financial inclusion. This request … Read More

The International Monetary Fund (IMF) has stated that Nigeria has adequate capacity to repay its loan. This was contained in a statement issued on Monday by the executive board of … Read More

The Securities and Exchange Commission (SEC) has disclosed that it is committed to making the capital market attractive to Nigerians of all ages and economic classes. This was disclosed by … Read More

Association of Securities Dealing Houses of Nigeria (ASHON) has admonished dealing member firms to review their operational models, create new products and deploy technology to upscale their operations. This advice … Read More

The Federal Inland Revenue Service (FIRS) has disclosed that it will start collecting taxes on income derived by companies from bonds and short-term securities. A bond is a fixed-income instrument … Read More

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that 28 companies benefitted from the first cycle of the 100 for 100 policy on production and productivity … Read More

Chief economist of PricewaterhouseCoopers (PwC), Andrew Nevin has stated that the federal government should focus more on economic growth and not just tax. This was disclosed on Saturday by Nevin … Read More

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that the manufacturing companies should put efforts to reduce the prices of building materials in the country to … Read More

The Central Bank of Nigeria (CBN) has released guidelines for the e-Valuator and e-Invoice to replace hard copy invoices for both exports and imports. A circular to that effect was … Read More

The world largest crypto by market cap, Bitcoin dropped more than 9 percent on Friday to $38,147. According to data on CoinMarketCap, this is the lowest rate since August 2021. … Read More

Chief executive officer of Financial Derivatives Company, Bismarck Rewane has disclosed that the country’s inflation rate will remain structurally high at a full-year average of 13.3 percent in 2022. This … Read More

Dangote Cement Plc has disclosed that it will repurchase 170 million ordinary shares from shareholders in the second tranche of its share buyback programme. The shares are worth 1 percent … Read More

PiggyVest – a saving and investment platform has disclosed that more than N242 billion was paid to 3.5 million customers in 2021. This was contained in a newsletter released on … Read More

The Central Bank of Nigeria (CBN) has disclosed that it will improve access to finance and credit for households, small and medium-sized enterprises (SMEs) in 2022. This was made known … Read More

The Centre for the Promotion of Private Enterprise, an economic think tank has called on the Central Bank of Nigeria to review its ban on some of the over 40 items … Read More

A former Deputy Governor of the Central Bank of Nigeria, Tunde Lemo, has stated that his shareholding in Titan Trust Bank Limited, which is acquiring a majority stake in Union Bank … Read More