The Abdul Samad Rabiu Africa Initiative (ASR Africa), the brainchild of Abdul Samad Rabiu, Founder and Executive Chairman of BUA Group, kicked the building of a…
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All the latest business news in Nigeria
The Central Bank of Nigeria (CBN) has allocated $148 million to 29 authorised dealers to stabilise the foreign exchange market amid the recent decline of the…
The Minister of Communications, Bosun Tijani, disclosed that the Nigerian Communication Satelite (NIGCOMSAT) Limited doubled its 2023 revenue in the first half of 2024. Highlighting the…
The Senate has announced plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum Company Limited (NNPCL), Dangote Group, and…
According to reports from the Nigerian Exchange Limited (NGX), foreign transactions in Nigeria between January and June 2024 hit N540.48 billion. Disclosed in its report titled…
The National Bureau of Statistics has just released data indicating that prices for beans, tomatoes, Irish potatoes, garri, yam, and other food items increased in June…
The Nigerian Senate passed the Finance Act (Amendment) Bill 2024 on Tuesday. The bill increased the windfall tax on banks’ realised foreign exchange gains from the…
The Naira dipped against the Dollar at the foreign exchange market after the Central Bank of Nigeria (CBN) increased its interest rate. According to a Bureau…
The Naira saw a significant appreciation against the Dollar when trading resumed at the official market on Monday. According to FMDQ data, the Naira strengthened to…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Nigeria’s fuel subsidy expenditure may exceed N700 billion monthly. Reacting to the data released last…