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Business

Official Market Reports Naira Strengthening to 1,339.33/$

The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 percent from Friday’s rate of 1,482.81/$.  According...

Port Harcourt Refinery to Commence Operation in July 2024

The Independent Marketers Association of Nigeria, IPMAN has revealed that the two hundred and ten thousand barrel-per-day Port Harcourt Refinery may finally commence operations...

United States-Nigeria Air Transport Agreement Officially Enters into Force, Enhancing Connectivity and Economic Partnership

The United States-Nigeria Air Transport Agreement, provisionally applied since 2000 has officially entered into force. This Landmark Bilateral Agreement modernizes the Civil Aviation relationship between...

NDLEA Declares Couple Wanted for Cocaine Cartel Operations, Arrests 4 Cartel Members

The National Drug Law Enforcement Agency (NDLEA) has declared Mr. Kazeem Omogoriola Owoalade and Mrs. Rashidat Ayinke Owoalade wanted for operating a cocaine cartel...

CBN Withdraws Controversial 0.5% Cybersecurity Levy Directive Amid Public Outcry

The Central Bank of Nigeria (CBN) has officially withdrawn its directive for banks to implement the controversial 0.5% Cybersecurity Levy on electronic transactions. This decision...

Dangote Refinery Secures 24m Barrels of US Crude

Dangote Refinery is set to boost its processing capacity with a significant procurement plan, aiming to purchase a total of 24 million barrels of...

Police Detain Portable Over Alleged ‘G-Wagon Debt’

The Lagos State Police Command has detained popular street singer Habeeb Okikiola, best known as Portable for allegedly refusing to settle a debt he...

Presidential Fiscal Policy and Tax Reforms Committee to Exempt 95% of Informal Sectors from Tax

The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC), has revealed plans to refix Nigeria’s tax system, with a significant focus on exempting 95%...

Labour to Picket NERC, DisCos Offices Today Over Electricity Tariff Hike

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) is set to picket the office of the Nigerian Electricity Regulatory Commission (NERC)...

Democratic Republic of Congo, IMF Strike Deal on $1.5Billion Loan Program Review

International Monetary Fund, IMF, says it has achieved a staff-level agreement with the Democratic Republic of Congo regarding the concluding assessment of a $1.5...

CBN Directs Banks to Charge 0.5% Cybersecurity Levy

The Central Bank of Nigeria (CBN) has mandated deposit money banks across the nation to implement a 0.5% cybersecurity levy on transactions. The Apex Bank...

Akwa Ibom Government to Disburse N400 Million Grant to Entrepreneurship Programme Trainees

Akwa Ibom State Government has approved the disbursement of a Four Hundred Million Naira (N400,000,000) Grant to Eight Hundred Entrepreneurship Acceleration Programme trainees in...

FCCPC Sympathises With Nigerians Amid Soaring Commodity Prices

The Acting Executive Vice Chairman and CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has sympathized with Nigerians following...

Zimbabwe Releases New Currency

Zimbabwe has introduced new banknotes and coins as all banks have received the local currency from the Central Bank for nationwide distribution. The highest denomination...

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