The Minister of Finance, Olawale Edun, says the printing of N22.7 trillion by the Central Bank of Nigeria in the name of a Ways and Means...
The House of Representatives on Wednesday passed for second reading a bill seeking to establish a National Tax Crimes and Oversight Commission to tackle revenue leakages...
The Nigerian stock market yesterday closed positive as the overall market capitalization gained N227 billion on sustained investor interest in Transcorp Power Plc and 17 others....
Business community has said the federal government’s expatriate employment levy will hurt foreign Direct Investments drive into Nigeria. The recent introduction of the Expatriate Employment Levy...
Oil and gas industry stakeholders and leading academics, on Tuesday, began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma,...
LAPO Microfinance Bank has rewarded 101 of its customers with cash prizes totaling N5 million in the season two of its Xpress Savings Promo which saw...
The supply of US dollars at the foreign exchange market plunged by 42 per cent to 168.98 on Wednesday, days after Binance announced the existence of...
The President of the Africa Development Bank (AfDB), Akinwumi Adesina, has said that the AfDB is, over a 10-year period, investing $25 billion in Africa’s agricultural...
Nigerian Ports Authority (NPA) has disclosed that it recorded unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF) of the Federation last year, as...
Plans $1bn for Tincan port reconstruction The Nigerian Port Authority (NPA) has posted an unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF)...
The Nigerian Air Traffic Controllers Association (NATCA) has decried what it called “the systematic migration from core mandates of agencies and proliferation of departments that have...
Kano generated N3.6bn in January, targets N10bn monthly The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’ Inland...
The Minister of Power, Adebayo Adelabu, has threatened to revoke the licenses of electricity distribution companies over the continued epileptic power supply nationwide. Adelabu disclosed in...
Electricity distribution companies (DisCos) risk having their licences revoked over the incessant power shortage nationwide. The Minister of Power, Adebayo Adelabu, said the ministry was deeply...
The Nigerian Ports Authority (NPA) has announced a $1 billion reconstruction plan for the Tincan Island Port Complex and the comprehensive rehabilitation of the Apapa, Rivers,...
Former Deputy Governor (Financial Stability) of the Central Bank Nigeria (CBN), Kingsley Moghalu, has urged the Nigerian federal government to consider taking up a $20-30 billion...
The Stakeholders in the Blockchain Technology Association of Nigeria (SiBAN) has sought collaboration with the Federal Government in regulating Virtual Assets Service Providers (VASP). This call...
With the multidimensional challenges affecting the manufacturing sector in Nigeria, the Manufacturers Association of Nigeria (MAN) has revealed that 767 manufacturing companies were shut down in...
President Bola Tinubu has congratulated Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), on the award of the prestigious Obafemi Awolowo Prize for Leadership....
The world’s most popular cryptocurrency, Bitcoin, saw its price soar to a new all-time high record of $69,170.63 on Tuesday afternoon. The new pricing exceeded the...
AstraZeneca, a leading global pharmaceutical company, has secured the prestigious Top Employer and Best Place to Work certifications across key African markets, setting the standard for...
The Canadian Dollar (CAD) has reached an unprecedented rate against the Nigerian Naira (NGN) in the informal currency trading market, commonly referred to as the black...
The Euro has reached a new high against the Nigerian Naira in the black market, trading at an astonishing rate of N1,739.973. This latest figure represents...
International organizations, Centre for Research on Multinational Corporations (SOMO), Stakeholders Democracy Network (SDN) and others have urged the federal government to stop the divestment plan by...
The Naira on Tuesday, was reported to have made a U-turn from its gaining streak as it depreciated at the official window after recording gains for...
FBNBank Ghana and GTBank Ghana on Tuesday, assured their respective customers that were working with the Bank of Ghana to address issues that led to the...
At least 767 manufacturers shut down business, while 335 became distressed in 2023. The Manufacturers Association of Nigeria, MAN, Director General, Ajayi Kadiri, disclosed this in...
Despite the Nigeria Liquified Natural Gas (NLNG) Limited confirmation that it supplies 1.5 million metric tons of LPG to the Nigerian domestic market, many users of...
As controversy trails the newly introduced Expatriate Employment Levy (EEL) of $10,000 and $15,000 for staff and directors, respectively, the Manufacturers Association of Nigeria (MAN) has...
Schneider Electric, global leader in energy management and automation, has proffered solution to adoption of electrification projects in Rural West Africa region as it grapples with...
The removal of fuel subsidy and other policies implented by President Bola Tinubu in the last nine months has seen the price of commodities in the...
GE Vernova, a purpose-built company driving electrification and decarbonisation, has restated its commitment to accelerating Nigeria’s sustainable energy transition journey. The firm is going to do...
With the current hardship in Nigeria, starting a business with a budget of less than 100,000 Naira (about $240 USD) is feasible and can be quite...
Traders have 48 hours to withdraw naira Crypto trading platform, Binance, has advised Nigerians trading on its platform to withdraw all their naira assets as...
The National Information Technology Development Agency (NITDA), has unveiled the second phase of the Nigerian e-Government Master Plan, towards ensuring a seamless and inclusive access to...
Says budget should be subject to forensic audit Former Deputy Governor (Financial Stability) of the Central Bank Nigeria (CBN), Kingsley Moghalu has urged the federal government...
The Nigeria Cassava Growers Association (NCGA) has stated that Nigeria loses more than $200m annually for not implementing the plan that would have seen cassava products...
The House of Representatives on Tuesday invited the Minister of Blue Economy, Gboyega Oyetola and his counterpart in the Transport ministry, Saidu Alkali over alleged fraudulent...
Making bread with cassava flour is an excellent alternative for those seeking gluten-free options or looking to experiment with different flour types. Cassava, also known as...
Binance, a cryptocurrency platform, is not licensed to operate in Nigeria. Obinna Iwuno, the President of the Stakeholders in Blockchain Technology Association of Nigeria, SiBan, disclosed...
Africa’s richest man and the President of Dangote Group, Aliko Dangote, plans to set up an oil trading firm in London as part of strategies to...
Social media users have complained about abrupt loss of access to their Instagram and Facebook accounts on Tuesday evening, LEADERSHIP has learnt. Down Detector, an internet...
Binance, a cryptocurrency trading platform, has said that it will discontinue all Naira services by March 8, 2024. This is coming on the heels of the...
With an estimated 70 per cent of financial crimes in Nigeria traceable to the banking sector, the Economic and Financial Crimes Commission (EFCC) has urged bank...
The CEO of Confederated Facilitators Limited, Lai Omotola, has said that although the Nigerian government has put in place policies to combat the economic hardship currently...
Binance has announced its decision to halt all services in naira, effective March 8, 2024, following increased regulatory scrutiny and clampdowns by the federal government over...
Cryptocurrency giant, Binance Holdings Ltd, has announced that it will leave the Nigerian market and discontinue all its services for the naira. Naija News reports that...
To enhance easy access to justice for Nigerians through technology, a non-governmental organisation (NGO) committed to social justice and legal advocacy, Citizens’ Gavel, has launched the...
Applying for a UK visa involves a series of steps that require careful attention to detail. Whether you’re planning to visit, study, work, or live in...
Calculating the number of blocks required for building construction involves several steps. These calculations are based on standard block sizes and construction practices. Let’s use a...
The Naira on Monday recorded gain for a fourth consecutive day at the official window but has however taken a dip at the parallel market. The...
The Debt Management Office, DMO, has announced the subscription process for two-year and three-year Federal Government of Nigeria bonds for March 2024 with an annual interest...
The Central Bank of Nigeria (CBN) has slashed the exchange rate used to calculate import duties. The rate was slashed by 5.3%, Naija News understands. The...
Access Bank Plc has launched the “YouThrive” initiative that would empower 700,000 micro, small and medium scale enterprises (MSMEs) in Nigeria with N50 billion loans. This...
Nigerian business mogul and Africa’s richest man has named its largest road network to Dangote Refinery after the late founder and Group Chief Executive Officer of...
Africa’s richest man, Aliko Dangote, has revealed that perseverance is one business success principle he shared with the late co-founder and former Group Chief Executive of...
The Nigerian Customs Service (NCS) has reviewed its foreign exchange (FX) rate for customs duties collection by 5.3 per cent to N1,544.081 per US dollar amid...
The Benue State Internal Revenue Service (BIRS) on Monday sealed up business enterprises including schools, hotels and hospitals over tax evasion and non-filing of annual tax...
Respite appears on the horizon for Nigerians as prices of imported goods and raw materials are expected to nosedive as the Central Bank of Nigeria (CBN),...
Brussels has imposed a historic fine of 1.84 billion euros ($2 billion) on Apple for hindering competition from music streaming rivals through restrictions on its App...
The Governor of Edo State, Godwin Obaseki, said the Central Bank of Nigeria got it wrong again by raising the Monetary Policy Rate, MPR, to 22.75...
The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments....
The Federal Competition and Consumer Protection Commission (FCCPC) has advised power distribution companies (DisCos) to design a quick response mechanism to address customers’ complaints within their...
The price of a bag of rice, a staple food for Nigerians, is shaped by a complex interplay of factors ranging from local agricultural productivity to...
The price of rice, a staple food for millions in Nigeria, has experienced a significant uptick following a tripling in the price of garri, another essential...
In Nigeria, the price of beans, a staple food rich in protein, varies significantly across different regions. This variance is due to several factors, including transportation...
In a remarkable surge, Bitcoin has scaled up to a two-year high, breaking the $64,000 barrier on Monday. At $64,285, its highest since late 2021, the...
The escalating cost of living in Nigeria has now extended its reach to one of life’s most essential resources, water. The increase in the price of...
The Chairman of Air Peace, West and Central Africa’s largest carrier, Dr Allen Onyema, has charged Nigerians to support local businesses to boost the country’s economy....
The Central Bank of Nigeria (CBN) has said it successfully concluded a sale of government securities, issuing 1.053 trillion ($680 million) in short-term instruments. The apex...
The Chairman and Chief Executive of Air Peace Limited, Allen Onyema has disclosed that passenger behaviour constitutes the major cause of flight delays in Nigeria and...
The Central Bank of Nigeria (CBN) has said it successfully concluded a sale of government securities, issuing N1.053 trillion (about $680 million) in short-term instruments as...
Baigewallet, a cutting-edge financial solution platform dedicated to simplifying savings and investments for Nigerians, has signed veteran Nollywood actress, Kate Henshaw, as its Brand Ambassador. In...
The Nigerian Economic Summit Group has told the present federal government under President Bola Ahmed Tinubu that the $1 trillion Gross Domestic Product growth target by...
Experts have lauded the Comptroller General of Customs, Bashir Adewale Adeniyi, for re-opening the window. Maritime experts have lauded the federal government for re-introducing a 90-day...
The mobile banking app recently launched by MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria’s leading payment service bank, has been enriching the banking experience of the...
Dangote Cement Plc has proposed a total dividend payout of N511.23 billion, representing N30 per share to the shareholders for the financial year ended December 31,...
The Central Bank of Nigeria (CBN), has successfully concluded a sale of government securities, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its...
The Central Bank of Nigeria, CBN, says it has concluded the sale of government securities, issuing N1.053 Trillion($680 million) in short-term instruments as part of its...
The Vice President, Kashim Shettima, will on Tuesday declare open the Expanded National Micro, Small and Medium Enterprises (MSMEs) Business Clinics in Abeokuta, Ogun State. This...
Minister of solid minerals development, Dr. Oladele Alake, has told Qatari businessmen that Nigeria had identified locations where lithium occurs in commercial quantity and in high...
The Zamfara State Government has settled N2.3 billion in backlog of gratuities, while another 3,079 retirees were verified in an effort to pay the backlog of...
The building materials markets across Nigeria buzzed with excitement in the last quarter of 2023 as BUA Cement announced a significant reduction in the x-factory price...
The building materials markets across Nigeria buzzed with excitement in the last quarter of 2023 as BUA Cement announced a significant reduction in the x-factory price...
The federal government has accused some electricity distribution companies (DisCos) of deliberately refusing to take up power supply from the Transmission Company of Nigeria (TCN) thereby...
The Energy Commission of Nigeria (ECN) has distributed several technologically-advanced cookstoves to rural women in Kurudu village, Karu district of the Federal Capital Territory (FCT) free...
Dangote Refinery has ramped up its stock of imported crude oil from the United States as a second cargo as a second shipment of US light...
The Nigerian House of Representatives has summoned Binance CEO over alleged terrorism financing and money laundering. Ginger Onwusibe, the chairman of the House Committee on Financial...
The Vice President, Kashim Shettima will on Tuesday declare open the Expanded National Micro, Small and Medium Enterprises (MSMEs) Business Clinics in Abeokuta, Ogun State. The...
The president of the African Development Bank (AfDB), Dr. Akinwumi Ayodeji Adesina, is set to receive the distinguished Obafemi Awolowo Prize for Leadership 2023 on March...
BUA Cement Plc, has posted a revenue growth of 27.4 per cent to N460 billion for the year ended December 31, 2023. The Company in its...
There is concern among farmers and grain traders in Yobe State following the state government’s announcement of plans to stop hoarding of grains and other essential...
No fewer than 36 Kaduna-based agro dealers including retailers of seeds, fertilizer and other agricultural inputs have received business management training that will equip local agro-dealers...
No fewer than 872 rural women in Cross River State, especially those in and around the Cross River National Park, have been trained on how to...
Early last week, there were reports of a crash in grain prices in some of the grain markets, especially in the northern part of the country....
The Centre for the Promotion of Private Enterprise said revoking 4,173 Bureau De Change operator licenses by the Central Bank of Naira is good for the...
The Minister of Power, Chief Adebayo Adelabu has summoned the chief executives of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IBEDC) over worsening...
For the first time in six years, Lafarge Africa Plc has experienced a decline in earnings, with the company’s profits for 2023 falling to N51.4 billion....
The Director General of the Small Medium Enterprises Agency of Nigeria, SMEDAN, Charles Odii, has advised small businesses to leverage on social media platforms for expansion....