News

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline lending rate by 150 basis points to 26.25 per cent. Mr Yemi Cardoso, the Governor of CBN said this on […]

Personnel of the Nigerian Army Corps of Military Police stormed Banex Plaza in Abuja Saturday evening, beating passersby and manning guards. The assault on civilians was a reprisal for an earlier free-for-all that broke out […]

Africa’s richest man and President of Dangote Group, Aliko Dangote has stated that with the laid down plans of the Dangote Refinery, Nigeria will not need to import petrol by June. Dangote stated that the […]

Chuks Okocha in Abuja In a bid to avert fresh industrial action by the Academic Staff Union of Universities (ASUU), President Bola Tinubu has approved the appointments of 55 people to the governing boards of […]

The organised labour, last night, sent reminder notices to all its branches, offices and affiliates in respect of a proposed nationwide protest to commence today over the electricity tariff hike and removal of subsidy from […]

The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P) and the Natural Oilfield Services Limited (NOSL) have commenced oil production at oil mining lease (OML) 13. NNPC E&P is a flagship upstream subsidiary […]

Here are the seven top business stories you need to track this week — May 13 to May 17. APRIL INFLATION The Nigerian Bureau of Statistics (NBS) is expected to release the consumer price index […]

Shareholders of Zenith Bank Plc, at the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Wednesday, 8 May 2024, approved the proposed final dividend payment of NGN3.50 per share, […]

The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million PoS agents a deadline of two months to onboard and register its agents and merchants… The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million […]

The Rivers State chapter of the All Progressives Congress (APC) has ordered its members in the state House of Assembly to commence impeachment process against Governor Siminalayi Fubara. APC’s impeachment call is coming barely 24 […]

Following the directive by the Central Bank of Nigeria (CBN) to financial institutions for the implementation of the cybersecurity levy on all electronic transactions, questions have been raised regarding the percentage that should be deducted […]

Afenifere is saddened that despite numerous complaints and objections, the Tinubu administration has refused to listen and review the 700 km Lagos-Calabar Coastal highway, but instead is rushing headlong into the project. The $13 billion […]

ABUJA — Against the backdrop of continued shortages and queues at petrol stations, pump prices are now settling at higher ranges across independent marketers and some major marketers. Vanguard findings in Lagos and Abuja also […]

The Securities and Exchange Commission (SEC) has announced plans to delist naira from all peer-to-peer (P2P) platforms. This was disclosed by Emomotimi Agama, SEC acting director general (DG), during a virtual meeting with Blockchain Industry […]

The naira depreciated further to N1,430 at the parallel section of the foreign exchange (FX) market on Monday. The FX rate represents a 4.38 percent drop from N1,370 traded on May 1. Speaking to TheCable […]

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers. This is contained in a circular signed by Chibuzor Efobi, director of […]

Access Holdings Plc took a big advantage of its aggressive offshore expansion to build a balance sheet of N26.7 trillion in 2023 — the biggest asset expansion the bank holding company has seen in many […]

Cubana Chief Priest, the nightlife promoter, has arrived at the federal high court, Ikoyi, Lagos, for the continuation of his “naira abuse” trial. On April 16, the Economic and Financial Crimes Commission (EFCC) filed a […]