Business

A Nigerian court has put a temporary hold on MultiChoice Nigeria Limited's planned increase in subscription prices for its DStv and GOtv services. The Competition and Consumer Protection Tribunal (CCPT), sitting in Abuja, issued an…

The Central Bank of Nigeria (CBN) has taken a controversial step in its fight against alleged illicit foreign exchange (forex) transactions. The regulatory body has ordered four fintech companies – OPay, Palmpay, Kuda Bank, and…

The telecommunications companies operating in Nigeria notably Glo, MTN, Airtel and 9Mobile are asking the federal government to facilitate constructive dialogue in the industry. According to the telcos, the current price control…

Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to…

The Central Bank of Nigeria (CBN) governor Yemi Cardoso says the apex bank’s FX reforms have made the naira the best-performing currency globally. Nigeria’s currency lost massively against major currencies in the past few months.…

Nigerian Breweries says some employees will be affected by the company’s cost savings measures adopted to improve its finances. Cost savings measures were adopted by Nigerian Breweries following the N106 billion net loss reported in…

Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), says the newly inaugurated national single window (NSW) project is a catalyst for achieving an average gross domestic product (GDP) growth rate of 7 percent annually…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian economy is moving in the right direction as policies of the new administration has started slowing down food inflation. The minister spoke…

The Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol. According to Reuters on Monday, three sources confirmed the development. The debt is coming amid the removal of petrol…

The Nigerian Electricity Regulatory Commission (NERC) has implemented a significant increase in electricity tariffs for Band A customers, sparking concerns about affordability and potential economic strain. Previously, Band A…

The Central Bank of Nigeria (CBN? has said that it recorded an inflow of over $1.5 bn into the economy over the past few days, indicating that its monetary policy efforts are working positively. The bank’s acting Director, Corporate…

The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director,…

World’s largest cryptocurrency trade platform, Binance, has raised the alarm over prolonged detention of its officials, Tigran Gambaryan, a U.S. citizen and British-Kenyan Nadeem Anjarwalla, by the Federal Government Nigerian…

The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. In a statement on Wednesday, the apex…

The federal government has asked Binance for information on its top 100 users in the country, as well as all transaction history for the past six months, the Financial Times is reporting. The request, according to the report on Tuesday, …