Category: BUSINESS

The electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024 amid the blackout in parts of the country. This was even as the nation…

The Central Bank of Nigeria, CBN yesterday intensified its efforts to curb rising inflation as it announced further hike in its benchmark interest rate, the Monetary Policy Rate, MPR to…

The federal government and National Assembly clarified, Monday, that the proposed Finance (Amendment) Bill, 2024 was not intended to impose a levy that would affect Nigerians, stressing that the tax…

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said Nigeria’s fuel subsidy expenditure might cross N700 billion monthly. The Secretary of IPMAN, Abuja-Suleja, Mohammed Shuaibu disclosed in a statement…

The Federal Inland Revenue Service (FIRS) was able to get additional 170, 000 Nigerians into the tax net in the last few months, The Nation can authoritatively report. Confirming this…

Local airlines have attributed the skyrocketing airfares to foreign exchange volatility and the soaring inflation in the country. The Chief Operating Officer of United Nigeria Airlines, Osita Okonkwo, told newsmen…

Nigeria’s external reserves increased to $35.77 billion on Thursday up from the $33.09 Billion at the end of 2023. This is according to Thursday’s data from the Central Bank of…

THE Federal Operations Unit, FOU, of the Nigeria Customs Service, NCS, yesterday, confiscated 1,500 pieces of bullet proof jackets illegally imported, amongst other items.   Speaking to newsmen in Lagos,…

The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday. MEMAN…

The dollar to naira exchange rate reached N1,615 at Nigeria’s foreign exchange black market. Ashiru Dayyabu, a Bureau De Change operator in Wuse Zone 4, said that the dollar was…