Business

…Black market (buying and selling rates): N1,427—N1,435 The Nigerian naira depreciated against the United States (US) dollar, trading at N1,379.6201 at the official foreign exchange (FX) window of the Central Bank of Nigeria (CBN) on Friday, July 10, 2026.…Black market...

The Institute of Chartered Accountants of Nigeria (ICAN), Ibadan and the District Society, has inaugurated Salome Olabimpe Ajayi as its 26th President. In his acceptance speech at the investiture and inauguration ceremony of the 2026/2027 executive committee on Saturday at...

United Bank for Africa (UBA) Plc has appointed Emmanuel Nnorom as the group's new chairman following the retirement of Tony Elumelu. Nnorom, who has served as a non-executive director on the bank's board of directors since 2024, will officially take...

As a content creator, you need to continually expand your horizons. You don't want to create just any content, but rather informative and educational, regardless of the form, whether text, video, audiovisual, etc. Since there is a lot of...

China's ambassador to Nigeria, Yu Dunhai, has dismissed as false allegations that Chinese mining companies are infiltrating Nigeria's solid minerals sector, engaging in illegal mining and fueling insecurity, saying such claims misrepresent the activities of Chinese companies and threaten...

Dangote Group Chairman Alhaji Aliko Dangote has blamed Nigeria's high taxes and regulatory burden for the higher cost of locally produced cement. In a Business Insider Africa report, Dangote emphasized how tax policies inflate domestic prices. Cement exported from Nigeria is...

Nigeria's Value Added Tax (VAT) collection has recorded a sharp decline for the third consecutive month, raising concerns about the sustainability of increased allocations at various levels of government. Official FAAC figures show VAT revenue fell from £872.63bn in September...

He Dangote Oil Refinery and petrochemicals has introduced a line of credit for oil marketers, announcing that free delivery of oil products will soon begin. In a notice posted on Dangote Group's official The company also said oil marketers can access...

…says more than 186 expatriate investor quotas were approved at the same time He Nigerian Investment Promotion Commission (NIPC) on Thursday revealed that more than $809.57 billion in equity investments were mobilized across 17 companies that were granted pioneer incentive...

Nigeria's public finances came under intense strain in the first seven months of 2025 as the Federal Government spent more on debt service and salaries than it earned in total revenue, raising fresh concerns about fiscal sustainability and crowding...