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Nigerian marketers refuse to lower fuel price after crude oil falls from $45 to $36/b

Despite crude oil prices falling to $36 per barrel in the last few days, Premium Motor Spirit (PMS) is still being sold at between...

My govt brings new businesses worth $500m into Kaduna – El-Rufai

Governor Nasir El-Rufai of Kaduna State has disclosed that his administration has attracted 25 new businesses worth over $500 million as it continues to...

Despite BVN, FG requires ‘self-certification’ of bank account holders

The federal government says every person that owns an account with financial institutions has to undergo a self-certification process. The directive was announced on Thursday...

COVID-19: Adamawa cuts taxes by 50%, introduces online IGR collection

Adamawa State government has slashed taxes on informal businesses by 50 per cent to help business owners operating in the state cushion the hardship occasioned by the coronavirus disease (COVID-19).

Few days after recovery, Naira plunges again, exchanges for N440/$

The Naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de...

Nigeria’s prices above global average as country’s petrol products ranks among OPEC’s most expensive

With tariff hikes in two key sectors, Nigeria is now among the OPEC's most expensive petroleum products and the sixth-highest energy cost in Africa. According...

Hackers stole N900m from First City Monument bank via malware

Hackers stole N900 million from First City Monument Bank (FCMB) in what could be one of the largest online heists ever, according to transcripts from an Ikeja Special Offenses Court, Lagos.

CBN pegged dollar at N386 as apex bank resumes FX sales to BDCs

The CBN will sell dollars to the BDCs at a rate of N384/$ while the BDCs are to sell to end-users at no more than N386/$.

Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs

A leading global investment banking firm, Goldman Sachs Group, this week, predicted that a significant devaluation of the naira is expected within the next 12 to 18 months.

Despite COVID-19, Nigeria’s stock market gains N112bn In July

The Nigerian stock market has gained N112 billion in the month of July as investors watched from the sidelines in anticipation of a positive trigger.

Amazon founder, Jeff Bezos gets record profit of $13 billion in a single day

Jeff Bezos added $13 billion to his net worth on Monday, July 20, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012.

From August 1, loan defaults will be settled using funds in other banks

Effective August 1, banks will be able to debit the accounts of loan holders in other banks to settle defaults.
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Court vacates arrest warrant against Demsa LG chair

An Upper Area Court II sitting in Yola, has vacated an earlier bench warrant it issued for the arrest of the chairman of Demsa...

We’ll soon start commissioning projects for upgrade of FMC, Exec Sec PEF says

The Executive Secretary of Petroleum Equalisation Fund (PEF), Ahmed Bobbo has disclosed that some vital and strategic projects geared toward upgrading Federal Medical Center,...

Dr. Emmanuel N. Musa celebrates Valentine with orphans, less privileged, sick persons

In the spirit of love as espoused by Valentine Day, the Emnamu foundation has on Sunday reached out to orphans, people living with disability,...

Twin explosions rock PDP secretariat over councillorship primaries

Twin explosions have unsettled the People’s Democratic Party (PDP) secretariat in Port Harcourt, Rivers State. The explosion, which occurred at about 3pm Thursday during the...