Naira Hits Two-Month Low Against the US Dollar
The naira slid to its weakest level in two months on Friday, closing the week on a downward trajectory against the US dollar. Data from the Central Bank of Nige...
Business & Money · Page 41
FIRS Sets the Record Straight on the 4% Development Levy: It’s Not New!
The Federal Inland Revenue Service (FIRS) has assured Nigerians that the widely discussed 4 percent development levy on imported goods will not bring an additio...
Shippers Sound the Alarm: Unjust Container Delays and Sky-High Fees at Lagos Ports
The Shippers Association of Lagos State, SALS, has raised concerns over what it described as crippling operational hurdles at the Lagos ports, listing multiple...
Naira Gains Ground Against the US Dollar
The naira on Tuesday recorded its first appreciation against the United States dollar across the official and parallel foreign exchange markets. Data from the C...
TotalEnergies Offloads Nigerian License Stake to Chevron
French giant, TotalEnergies has announced the sale of a 40 per cent stake in its Nigerian offshore exploration licences to Star Deep Water Petroleum Limited, a...
Naira Plummets Against US Dollar in Both Official and Black Markets
The naira depreciated against the dollar at the official and parallel foreign exchange markets on Monday to begin the new month on a bearish note. Central Bank...
NNPCL's Revenue and Profit Surge to N5.08tn and N447bn in October!
The Nigerian National Petroleum Company Limited has announced a significant revenue increase to N5.078 trillion for October 2025. The state-owned firm disclosed...
Nigerian Discos Rake in N196.26 Billion in Revenue for September, Reports NERC
The eleven electricity distribution companies in Nigeria raked in N196.26 billion as revenue for September 2025. This is according to the Nigerian Electricity R...
NNPCL Unveils the Secrets Behind Its N5.4 Trillion Profit After Tax!
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has explained that the state-owned firm’s N5.4 trillion p...
CBN Orders Nigerian Banks to Pull Down Deceptive Advertisements
The Central Bank of Nigeria (CBN) has directed Nigerian banks, payment service banks and other financial institutions to immediately withdraw all advertisements...
Rachel Reeves' Uncle Calls Budget 'The Worst I've Ever Heard,' Criticizes Labour for Being 'Out of Their Depth'
RACHEL Reeves’ Budget was last night blasted as a bonanza for benefit claimants — by critics including her own uncle. Terry Smith, 73, joined a long line of det...
Breaking News: NNPCL Lowers Fuel Prices Following Cuts from Dangote Refinery and Depot Owners
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price after Dangote Refinery and depot owners dropped ex-depot prices....