Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million. According to... Read more »
Jigawa Governor, Alhaji Umar Namadi has announced plans of the state, to cultivate 150,000 hectares of wheat next season farming, saying the “only way to move people out of poverty is through... Read more »
The naira yesterday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar last week Friday. However, the naira fell to N1,419.86 per dollar in the Nigerian Foreign Exchange... Read more »
The Nigerian government has said it will clamp down on loan apps involved in illegal debt recovery and exploitation of consumers. The crackdown comes amidst an upsurge in violations of the Interagency Joint... Read more »
Olayemi Cardoso, governor of the Central Bank of (CBN) has said it uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market.... Read more »
The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that the Naira... Read more »
The Central Bank of Nigeria (CBN) has prohibited banks and fintech companies from engaging in international money transfer services. This directive, outlined in the revised guidelines for International Money Transfer Operators (IMTOs),... Read more »
The naira yesterday crashed to a record low of N1,370 /$ at the parallel market, inching closer to N1,400/$ rate. The depreciation of the local currency was mainly as a result of... Read more »
The Nigerian Exchange (NGX) has started the delisting process for the removal of the shares of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc from the stock market. A regulatory document obtained yesterday indicated... Read more »
Dangote Cement Plc shares has become the first Nigerian company to reach a market cap of N10.095 trillion as its stock experienced an 85.2 percent increase in 2024. This surge follows billionaire... Read more »