Business

The Niger State Government has announced that it received palliatives from the Bank of Industry to be shared among vulnerable persons in the state to alleviate their suffering amidst current economic challenges facing the country. The…
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The Chief Executive Officer of Cowry Assets Management Limited and financial analyst, Johnson Chukwu, has said that the dividend and taxes paid by the Nigerian National Petroleum Company Limited, NNPCL, will reduce the financial burden of…
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Nigeria’s First Lady, Oluremi Tinubu has said that his husband, President Bola Ahmed Tinubu has deep love for Nigerians despite the economic hardship the citizens are experiencing. The first lady made this known when she paid the Oba…
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The Federal Competition and Consumer Protection Commission, FCCPC, has reassured that it is committed to protecting consumers, promoting fair competition, and ensuring the safety of products in the market. FCCPC Acting Executive Chairman,…
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The Federal Competition and Consumer Protection Commission, FCCPC, has urged organisations dedicated to consumer welfare and business-to-customer relationships to promote fair business practices. The Executive Secretary of FCCPC, Dr Adamu…
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The National Bureau of Statistics has revealed that rice, beans, tomatoes, garri, and yam rose between 189.20 percent and 219.05 percent in the last 12 months under President Bola Ahmed Tinubu. NBS disclosed this in its Selected Food…
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The Nigerian government has unveiled a plan to bring down inflation in the country through tariff and import duty suspension for food, raw materials for production, pharmaceuticals, inputs for agriculture production and other fiscal…
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The Nigerian Government granted 12 companies tax holidays in the first quarter of 2024. The Nigerian Investment Promotion Commission, NIPC, disclosed this in its latest report on the Pioneer Status Incentive (PSI) initiative. The new…
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Foreign portfolio investment and FPI outflows in Nigeria surged by 237 per cent in the first quarter of 2024 compared to the same period in 2023 amid the Central Bank of Nigeria’s policy interventions. According to Foreign Portfolio…
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The fire on Tuesday in Shell’s Gbaran facility in Bayelsa may raise the price of Liquefied Natural Gas in Nigeria. This comes against the backdrop of the surge in the country’s price of Liquefied Petroleum gas. On Tuesday,…
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The Lagos State Government has vowed to clamp down on unregistered individuals and organisations engaging in real estate activities in the state. Lagos State Commissioner for Housing Moruf Akinderu-Fatai disclosed this at a recent 2024…
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The Nigeria Labour Congress, NLC, has rejected the recent order by the Central Bank of Nigeria, CBN, of 0.5 per cent cybersecurity levied on electronic transfers. NLC President Joe Ajaero stated the NLC position in a statement made…
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The Ekiti Patriotic Consultative Forum, a socio-political pressure group, has approached the State High Court for an order of Mandamus, compelling the state government to release to it, all documents, including financial records and…
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The Nigerian stock market gained 39.8 per in the first quarter of 2024, becoming the second best-performing stock amid economic headwinds. This is according to March ending data by NGX. With the feat, NGX became the second best-performing…
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The National Bureau of Statistics, NBS, has said that the average retail price of a litre of petrol rose from N263.76 in February 2023 to N679.36 in February 2024. This is contained in the bureau’s Petrol Price Watch for February…
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The Central Bank of Nigeria has reviewed its exchange rate for cargo clearance downwards by N18.87 to N1593.41 per US dollar amid the continued appreciation of the Naira in the foreign exchange market. Recall that the Naira sustained its…
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A total of 43,631 power consumers were metered by electricity distribution companies in December 2023, bringing the total metered electricity customers to 5,842,726 while unmetered are 7,319,846. The Nigerian Electricity Regulatory…
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The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has attributed the recent increase in the dollar exchange rate to the rise in Nigerian students who study abroad, as well foreign medical trips embarked on by Nigerians.…
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First Bank of Nigeria, FBN, has announced the appointment of Mr Olufemi Peter Otedola as its new Chairman of the Board of Directors. The appointment, according to a statement posted on social media by the company, takes effect on January…
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Tuesday's Financial Snapshot: Naira Rebounds, Major Companies Exit, CBN Takes Action, Grid Woes, and Oil Prices Rise. As Tuesday unfolds, here are five key developments shaping Nigeria's economic landscape: 1. Naira's…
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