Group urges support for NUPRC reforms, praises gains in Nigeria’s upstream oil sector
The Centre for Energy Market Stability and Reforms, CEMSR, has urged federal and state institutions, industry operators, and partners to support ongoing reforms...
Business & Money · Page 42
YEDC announces week-long power outage across Adamawa, Taraba
Business activities in Adamawa and Taraba states are expected to slow down next week as the Yola Electricity Distribution Company, YEDC, prepares for a week-lon...
Nigeria’s VAT Revenue rises 32% to N2.06tn in Q2 2025 — NBS
Nigeria’s value-added tax (VAT) revenue collections rose to N2.06 trillion in the second quarter of 2025, according to a new report released on Tuesday by the N...
Customs Board approves new management team, special promotions
The Nigeria Customs Service Board, NCSB, has approved the appointment of new management officials and granted special promotions during its 64th Regular Meeting...
Two important things about CBN guideline on dud cheques
The Central Bank of Nigeria has unveiled a draft of new regulatory guidelines aimed at curbing the issuance of dud cheques and strengthening financial disciplin...
CBN issues directive clarifying holding companies’ minimum capital
The Central Bank of Nigeria, CBN, has issued a definitive directive detailing how financial holding companies should calculate their minimum paid-up capital, fo...
NNPCL announces N5.4tn profit after tax on N45.1tn revenue in 2024
The Nigerian National Petroleum Company Limited has announced its financial performance for the full year ended 2024, reporting a profit after tax of N5.4 trill...
NUC uncovers 32 fake Nigerian entities involved in sale of honorary doctorate degrees
The Nigerian Universities Commission said it has uncovered 32 fake entities fraudulently selling honorary doctorate degrees in Nigeria. The development comes as...
Naira Takes a Dive Again Against the US Dollar
The naira returned to depreciation against the United States dollar at the official foreign exchange market on Friday, ending the week on a bearish note. Data f...
CBN Warns Against Improper Handling of the Naira
The Central Bank of Nigeria, CBN, has called for caution in handling naira notes, describing the currency as an essential national symbol. The apex bank made th...
CBN Unveils: Zuldal Microfinance Bank Lacks License
The Central Bank of Nigeria, CBN, has issued a disclaimer regarding Zuldal Microfinance Bank Limited. The CBN stated that the microfinance bank, which reportedl...
Naira Plummets to Lowest Point Against US Dollar Just One Day After a Small Recovery
The Naira recorded the highest depreciation against the United States dollar on Wednesday at the official foreign exchange market this week. The Central Bank of...