Business

  Golden Terra Oil says it has won the Outstanding Campaign of the Year Award at the 2024 National Marketing Stakeholders Summit and Awards. The event, held in Lagos, had in attendance leaders from across the marketing industry who gathered ...

  The House of Representatives on Thursday urged the Central Bank of Nigeria to commence the gradual withdrawal of old naira notes and make available to Nigerians new notes in N200, N500 and N1,000 denominations. This is just as the ...

  Sterling One Foundation, in partnership with PwC, NGX, and other partners, is set to host the fourth edition of the ESG Series 4.0 focused on sustainable business practices. UNIDO Investment and Technology Promotion Office Nigeria, LBS Sustainability Centre, Lagos ...

  The Naira yesterday depreciated to N1,739 per dollar in the parallel market from N1,735 per dollar on Wednesday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that ...

  The Nigerian Electricity Regulatory Commission has said that power distribution companies may begin to bear the cost of equipment used to repair faulty transformers and other transmission infrastructure replacements. It said if the measure is implemented, it will ensure ...

  Lagos, Nigeria – October 24, 2024 – We wish to address a misleading report circulating in the media regarding a system upgrade at FirstBank. The message which was incorrectly interpreted and reported was sent to, and intended for our vendors ...

  The Lagos State Environmental Protection Agency, LASEPA, yesterday, disclosed that over 352 facilities including religious houses have been shut down across various parts of the state in the last year over noise pollution and other environmental infractions. The General Manager ...

  Nigeria’s engagement with the global debt market remains vibrant despite challenges posed by high borrowing costs, the International Monetary Fund has said. During a press conference on the global financial stability report at the IMF/World Bank annual meetings in ...

  The Federal Government on Wednesday withdrew the money laundering charges preferred against Binance Holdings Limited executive, Tigran Gambaryan. Binance, its U.S. head of financial crime compliance, Gambaryan, and the exchange British-Kenyan regional manager for Africa, Nadeem Anjarwalla, were facing money laundering ...

  FBN Holdings, a financial holding company, will seek shareholder approval for a new capital raise of N350 billion at its upcoming annual general meeting. The firm also is considering a change of its legal and brand name to FirstHoldco ...

  Flour Mills of Nigeria Plc has announced plans to invest up to $1bn over the next four years to expand its operations. According to a statement, the company’s chairman, John Coumantaros, disclosed this during a recent interview. He emphasised ...

  The gross earnings of United Bank for Africa Plc appreciated by 83.2 per cent year-on-year to N2.39tn at the end of the third quarter from N1.31tn in the same period of 2023. This was disclosed in its unaudited results ...

  Ecobank Nigeria is set to host its inaugural Design & Build Expo, aimed at highlighting the latest trends, innovations, and sustainable practices in architecture, construction, building materials, household appliances, engineering, and interior design. A statement from the bank said ...

  A man was left devastated after losing his N50,000 investment in a bet that could have earned him N1 billion. The man, identified as @surmasantavious on X, shared his emotional ordeal, gaining widespread attention and sympathy online. Before placing ...

  Federal Government has proposed a new tax bill aimed at transforming the country’s tax framework. Dated October 4, 2024, the legislation introduces a 5% excise duty on various sectors. The new excise duty applies to telecommunications services, including postpaid ...

  Nigerians have expressed concerns over the safety of the Compressed Natural Gas converted vehicles following recent explosions involving some vehicles. They raised questions about the safety standards and regulatory oversight of the conversions. In May, the Minister of State ...

  The Nigerian government has officially ended fuel and foreign exchange subsidies, a policy that has been debated for years. Minister of Finance Wale Edun announced the decision at the World Bank’s Nigeria Development Update presentation in Abuja. According to ...

  The Nigerian National Petroleum Company Limited is still the sole off-taker of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery despite the recent directive of the Federal Government that other oil marketers were free to start ...

  INTRODUCING ALAT XPLORE APP: NIGERIA’S FIRST LICENSED BANKING APP FOR TEENAGERS In today’s world, financial literacy has become an essential life skill, particularly for the younger generation. Recognising this need, Wema Bank—Nigeria’s most innovative bank and pioneer of Africa’s ...

  Wealthy Nigerians earning ₦100m and above monthly will face a 25 per cent personal income tax rate if a new tax bill is passed by the National Assembly. This was stated by the Chairman of the Presidential Fiscal Policy and ...

  Nigeria’s national electricity grid has suffered its second collapse in just 24 hours, plunging millions into darkness. Electricity distribution companies (DisCos), including Eko and Kaduna, confirmed the collapse, which occurred at 9:17 am on Tuesday. “We are currently working ...

  The Naira yesterday appreciated to N1,680 per dollar in the parallel market compared to N1,690 per dollar last weekend. Similarly, the Naira appreciated to N1,552.92 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed ...

  The Minister of Aviation and Aerospace Development, Festus Keyamo has stated that five Nigerian airports are set for concession. The Minister made this known while receiving the Regional Vice President of Africa and Middle East of the International Air Transport ...

  The Federal Government has rescinded its decision to ground 60 private jets owned by various individuals in Nigeria over unpaid import duty running into several billions of naira The government through a directive from the Nigeria Customs Service to ...

  Businessman, Chief Priest has showcased his latest investment: a luxurious hotel in Owerri. The hotel, which is nearing completion, features breathtaking interiors. Cubana Chief Priest shared a video tour of the hotel on his social media page, giving followers ...