Business

The naira continued its downward trend against the US dollar in the official foreign exchange market over the past 48 hours, amid a slight decline in Nigeria's external reserves. Data from the Central Bank of Nigeria (CBN) shows that the...

Co-Creation Hub (CcHUB), Africa's leading innovation and creative economy hub, hosted its year-end brand awareness brunch on Saturday, November 29 at the CEP Entertainment Hub in Lagos. The invitation-only meeting brought together policymakers, ecosystem facilitators, investors, development partners, media...

The Nigerian Ports Authority (NPA) on Monday announced one of its strongest quarterly results in recent years, recording a spectacular 1,085 per cent increase in containers loaded for export, while total cargo throughput rose to 33.52 million metric tonnes...

Nigeria's foreign trade has grown strongly under President Bola Tinubu, with an increase in exports, an expansion of total trade and trade surpluses recorded every quarter since mid-2023. New data from the Office of National Statistics shows that by the...

•Calls for credible implementation of the reform The Center for the Promotion of Private Enterprises (CPPE) has described the rising power sector debt, currently at N4 trillion, as fiscally unsustainable and has therefore called for deeper structural corrections, greater transparency...

The Central Bank of Nigeria (CBN) has directed all point-of-sale (PoS) operators and payment service providers to establish dual connectivity with the Nigerian Interbank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL) within 30 days, in a bid...

Ekiti State Commissioner for Health, Dr. Oyebanji Filani, has commended the World Bank-supported Immunization Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT) project, describing it as a very valuable and impactful initiative. Filani presented the commendation in...

Nigeria's Presidential Committee on Fiscal Policy and Tax Reforms has said businesses will receive more than 4 trillion naira in direct relief next year through a combination of corporate income tax cuts and expanded VAT refunds, marking one of...

The Nigerian Stock Exchange (NGX) maintained its upbeat performance on Thursday as renewed investor interest pushed the market further into positive territory. The All-Share Index (ASI) advanced 0.74 per cent to close at 147,950.59 points, while the market capitalization increased...

•SEC moves to seize N1.3 trillion from CBEX over alleged Ponzi scheme While the SEC has approached the Investment and Securities Tribunal (IST) seeking orders to freeze bank accounts and seize assets linked to CBEX and 25 other defendants, policy...