The Central Bank of Nigeria (CBN) has issued a threat to penalise deposit money banks (DMBs) that refuse to accept mutilated naira notes. On Thursday, the...
Cryptocurrency firms operating in the nation have initiated the implementation of a 7.5 percent Value Added Tax on all transactions conducted on their platforms. The development...
Aliko Dangote, the Chairman of the Dangote Group, has expressed his dissatisfaction with the Central Bank of Nigeria (CBN)’s decision to increase the interest rate to...
The Federal Government through the Nigeria Customs Service has grounded a United States-registered Gulfstream G650ER jet belonging to a leading Nigerian bank, showing the commencement of...
The Federal High Court in Lagos has fixed October 21 to resume proceedings in an alleged debt dispute between Anchorage Leisures Ltd. and two others versus...
The Central Bank of Nigeria has announced that the foreign exchange price verification system portal, which is utilised by importers, will be discontinued effective July 1....
ExxonMobil has reaffirmed its long-term commitment to Nigeria, vehemently dismissing claims of a planned exit and emphasising its sustained support for the country’s oil industry. Shane...
Shoprite Mall has announced that one of its Abuja branch will discontinue operations from June 30, 2024. The branch is located at Novare Central Mall, Wuse...
Devakumar Edwin, Vice President of Oil and Gas of Dangote Industries Limited (DIL), has accused Nigeria’s International Oil Companies (IOCs) of planning to harm its operations....
On Thursday, the Naira strengthened in the parallel market, appreciating to N1,485 per dollar from the previous day’s rate of N1,490 per dollar. Conversely, in the...
