Business

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, …

Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. MDB earlier reported that the company issued a new price review notification to all its customers in the…

Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than N1.8 trillion to the market…

Binance plans to discontinue its Nigerian Naira (NGN) services following increased scrutiny from the country’s regulators. The crypto exchange will delist any existing NGN pairs by Thursday, and on Friday any remaining NGN balances…

The Nigerian government is embroiled in a tense standoff with cryptocurrency exchange platform Binance, demanding a hefty $10 billion as retribution for alleged "illegal transactions" facilitated through the platform. This move comes…

A new report released by the Nigerian Bureau of Statistics (NBS) on Thursday highlights a significant rise in cooking gas prices. Key Points: Year-on-Year Increase: The report, titled "Liquefied Petroleum Gas (Cooking Gas) Price…

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery and modular refineries in the country may not get enough crude…