Business News

IPMAN Begins Direct Petrol Purchase from Dangote Refinery as Prices Drop

  Agreement signals end to middlemen in PMS distribution. Dangote's price reduction fuels increased market demand. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has...

Ensure Equity, Transparency in Tax Reform Deliberations– Atiku Urges Lawmakers

Former VP Stresses Inclusivity in Public Hearing Process Nigerians Demand a Fair Fiscal System Amid Tax Reform Debate Calls for NASS to Align...

Understanding Tinubu’s Tax Reform For Nigeria

  Proposed VAT changes could shift the balance between federal and state governments. What the reforms mean for businesses and the everyday Nigerian. In recent...

CBN Extends BDC Recapitalisation Deadline to June 2025

  BDC Operators Granted Six-Month Grace Period Amid Compliance Challenges New Capital Requirements Introduced to Reform Foreign Exchange Market The Central Bank of Nigeria (CBN)...

Electricity Subsidy Costs Soar to N1.91tn in 2024, Discos Report Record Revenue

  Subsidy Obligations Increase by 204% Amid Tariff Adjustments and Rising Generation Costs Distribution Companies Exceed Revenue Targets, Collect N1.23tn in Nine Months of...

Nigerian Equity Market Gains N77bn as All-Share Index Inches Closer to N60tn Milestone

  Positive Sentiment Drives Trading Volume, Led by Financial Sector Analysts Predict Potential Reversal in Market Momentum Amid Profit-Taking and MPC Outlook The Nigerian equity...

Nigerian Banks Turn to Rights Issues to Meet CBN’s New Capital Base Requirements

  UBA and FBN Holdings Lead the Charge as Stanbic IBTC, Others Follow Strategic Moves by Majority Shareholders to Retain Control Highlighted As Nigerian banks...

Pastor Adeboye Credits Divine Intervention for Nigeria’s Exchange Rate Stability, Warns of Potential Naira Collapse

Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), has attributed the stability of Nigeria's exchange rate to divine intervention,...

MAN Warns of Manufacturing Sector Crisis Amid Naira Depreciation

16 Major Firms Lose N792 Billion Due to Forex Scarcity, Rising Costs Manufacturers Struggle as Dollar Exchange Hits NGN1,900 The Chairman of the Ogun...

NNPCL Confirms Stake in Dangote Refinery, Refutes Claims of Sabotage

  The Nigerian National Petroleum Company Limited (NNPCL) has proudly confirmed its ownership stake in the Dangote Refinery, according to Group Chief Executive Officer, Mele...

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