Business

The Economies of West African States (ECOWAS) has intensified efforts on practical arrangements for the launch of the single currency, ECO for the region following consensus reached in the implementation of the directives issued at its…

The chair and top Democrat on a U.S. House of Representatives committee on China told the CEOs of Google-parent Alphabet, opens new tab and Apple, opens new tab on Friday they must be ready to remove TikTok from their U.S. app stores on…

The National Bureau of Statistics says Nigeria’s inflation rate rose to 34.6 percent in November — up from 33.8 percent in October. In its consumer price index (CPI) report for November published on Monday, NBS said the rate…

The Central Bank of Nigeria (CBN) has reiterated that all versions of the naira, including the old and new designs of ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 denomination,…

The Bank of Industry (BOI) said it has disbursed N22.89 billion to 29 manufacturers under the Federal Government’s N75 billion Manufacturing Sector Intervention Fund. Olasupo Olusi, BOI managing director, announced this during an…

The Nigerian Civil Aviation Authority (NCAA) says it will sanction airlines who delay ticket refunds. According to the NCAA’s Director of Public Affairs and Consumer Protection Michael Achimugu, ticket refund compliance is a crucial…

The National Information Technology Development Agency (NITDA) says X, Google, Microsoft, and TikTok paid N2.55 trillion in taxes to Nigeria in the first half (H1) of 2024. NITDA, in a statement signed by Hadiza Umar, its director of…

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says it is not a crime to blend petroleum products at the old Port Harcourt refinery. Kyari, who spoke at the commissioning…

The Central Bank of Nigeria (CBN) says its early exit package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. The apex bank made the clarification in a statement on Wednesday. Reports had…

Aero Contractors, Nigeria’s oldest aviation company, says travellers will pay a minimum of N80,000 for local flights this festive season. Speaking to journalists on Tuesday, Ado Sanusi, the airline’s managing director, said the…

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has alleged that the federal government has nothing to show for more than 60 taxes and levies collected across the country. He made the claim at…

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combat surging inflation. This followed the meeting of the Monetary Policy Committee (MPC) of the…

The Port Harcourt Refining Company (PHRC) Ltd in Rivers State has commenced processing crude oil production. Olufemi Soneye, spokesperson of the Nigerian National Petroleum Company Limited, disclosed this in a statement on Tuesday.…

The Dangote Petroleum Refinery on Sunday announced a reduction in its price of the Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers. The company’s Chief Branding and Communications Officer,…

The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the official unveiling of its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. The development is a major boost…