Business

Nigeria’s digital economy achieves historic milestone with N1.07 quadrillion in e-transactions – TSF

2 min read

• Business

Nigeria’s digital economy achieves historic milestone with N1.07 quadrillion in e-transactions – TSF

Our Reporter February 3, 2025

Nigeria has achieved a monumental economic landscape through the nation’s electronic payment transactions, having reached an unprecedented...

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Dangote Refinery: NNPC may reduce petrol price, as marketers with imported fuel suffer losses

2 min read

• Business

Dangote Refinery: NNPC may reduce petrol price, as marketers with imported fuel suffer losses

Our Reporter February 3, 2025

The Nigerian National Petroleum Company Limited may reduce premium motor spirit price in response to Dangote Refinery’s...

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Exchange rate appreciates by N63 to seven-month high

4 min read

• Business

Exchange rate appreciates by N63 to seven-month high

Our Reporter February 3, 2025

Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78...

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Subsidy Removal: Oil marketers escalate borrowing, transfer burden to motorists

9 min read

• Business

Subsidy Removal: Oil marketers escalate borrowing, transfer burden to motorists

Our Reporter February 3, 2025

Against the backdrop of sharp rises in cost of procuring products and interest rates in banks petroleum...

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New withholding tax rules ‘ll boost economy – FIRS

2 min read

• Business

New withholding tax rules ‘ll boost economy – FIRS

Our Reporter February 3, 2025

In an effort to boost the economy, the Federal Inland Revenue Service, FIRS, has announced the commencement...

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Expect another electricity tariff hike within months – FG tells Nigerians

2 min read

• Business

Expect another electricity tariff hike within months – FG tells Nigerians

Our Reporter February 2, 2025

The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, says Nigeria’s electricity tariff will increase...

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Direct allocation: Fresh hurdle for LGs as CBN demands 2 years audited accounts

2 min read

• Business

Direct allocation: Fresh hurdle for LGs as CBN demands 2 years audited accounts

Our Reporter February 2, 2025

Local Governments across the country are facing a fresh hurdle in their bid to receive their monthly...

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FX code will stabilize naira, ensure more transparent forex market – TMSG

2 min read

• Business

FX code will stabilize naira, ensure more transparent forex market – TMSG

Our Reporter February 2, 2025

The Tinubu Media Support Group (TMSG) has described the Nigeria Foreign Exchange code (FX code) introduced by...

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