Alake Presents Gold Bars to Tinubu, Says Sector Reforms Will Strengthen Value of Naira
Solid Minerals Development Minister, Dr. Dele Alake has expressed appreciation to President Bola Ahmed Tinubu for backing reforms in the…
Category: BUSINESS
Dangote Accuses IOC of Manipulating Crude Oil Prices, Sabotaging Progress of Oil Refinery
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has alleged that International Oil Companies…
NCAA Issues Air Operator Certificate to Flybird Aircraft Management Services
The Nigeria Civil Aviation Authority (NCAA) on Monday presented license operator certificate to Flybird Aircraft Management. The NCAA issued an…
FG Set to Inject 11.5m Prepaid Meters in Five Years to Power Sector- Adelabu Assures
The Federal Government has launched a framework to inject a total of 11.5 million prepaid meters over the next five…
FG, UAE Ready to Collaborate on Upcoming Oil Exploration Agreement
On Monday, the Federal Government encouraged the United Arab Emirates to consider investment in the restoration and revitalization of Nigeria’s…
Cryptocurrency Platforms Begin Plans to Remove Naira as Trading Option to Prevent Currency Manipulation
Naira has been removed from peer-to-peer cryptocurrency platforms as a measure to prevent currency manipulation. In response to instructions from…
Nigeria Loses N10B Annually in Revenue Under Old Airport Tolls Rules – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the Federal Government lost 82 per cent which…
NUPRC Begins Bidding Round for 12 Oil Blocks Listed for Sale
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed…
President Tinubu Tax Panel Proposes Allocating 90% of VAT Revenue to States and LGs
The Presidential Committee on Fiscal Policy and Tax Reforms is suggesting an adjustment in the distribution of Value Added Tax…
CBN Grants Oil Companies 50% of Total Forex Earnings for Financial Commitment
According to the Central Bank of Nigeria, oil companies are allowed to allocate 50% of their foreign exchange earnings towards…
Multichoice Nigeria Contests CCPT Decision to Prevent DSTV, GOTV from Increasing Price
Multichoice Nigeria contests the tribunal’s authority to prevent DSTV and GOTV from increasing prices and other actions. Multichoice’s legal representative,…
Cybersecurity Levy for Banks 0.005% not 0.5% – Onanuga Clarifies
Bayo Onanuga, the spokesperson to President Bola Ahmed Tinubu, has clarified that the recently introduced cybersecurity levy to all banks…
CBN Directs Banks, Mobile Money Operators to Implement 0.5% Cryptosecurity Levy on Transactions
The Central Bank of Nigeria has directed banks to implement a 0.5% cybersecurity levy on transactions. A notice issued by…
FG Set to Delist Naira from Peer-to-Peer Platforms
The Federal Government has announced plans to delist the naira from all peer-to-peer (P2P) platforms. The Director General of the…
FG May Begin Total Clampdown on $56.7 Billion Peer to Peer Cryptocurrency Market
After an important meeting set for Monday between the Securities and Exchange Commission and operators in the digital asset industry,…
Nigeria Spends $8Billion Annually on Steel Importation, Seeks Fund to Revive Ajaokuta Company – Abubakar
The Minister of Steel Development, Shuaib Abubakar, mentioned that Nigeria spends $8 billion each year to buy steel from other…
NDIC Raises Minimum Deposit Insurance Protection for Deposit Money Banks to N5Million
The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance protection for Deposit Money Banks (DMBs) from N500,000…
FG to Ban Importation of Medical Syringe, Plans to Support Domestic Production
The Minister of State for Health, Dr. Tunji Alausa, has suggested implementing a complete prohibition on the importation of medical…
Dangote Refinery Slashes Diesel Price to N940, Aviation Fuel to N980
Dangote Petroleum Refinery has announced another reduction in the prices of both diesel and aviation fuel to N940 and N980…
Marketers Target N500/L Petrol Price, Set to Load Petroleum Products from Port Harcourt Refinery
Oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the…
After Nine Years, Adeduntan Steps Down as First Bank CEO
The Managing Director of First Bank Nigeria Limited, Dr Adesola Adeduntan, has tendered his resignation. Adeduntan’s departure marks the end…
NCAA Charges Turkish Airways to Respond to Complainant in Viral Video Over Alleged Poor Treatment During Layover
The Nigeria Civil Aviation Authority (NCAA) has opened talks with Turkish Airways following a complaint made by a Nigerian traveler…
Tech Guru, Balogun Danjuma Bags Oyo State Tourism Ambassador Award 2024, Urges Youth to Go Out and Get Things Done
The Oyo State government on Saturday presented Mr. Danjuma Balogun with an Award of Excellence as the Oyo State Tourism…
