China Development Bank grants Nigeria $255m for Kano-Kaduna railway project
China Development Bank has approved a $254.76 million loan to Nigeria to support the completion of the Kano-Kaduna railway project. This development comes ahead of...
BUSINESS
Nigeria’s Central Bank Introduces Electronic Foreign Exchange System, Pegs Trading At $100,000 Minimum
The Central Bank of Nigeria (CBN) has unveiled guidelines for the Electronic Foreign Exchange Matching System (EFEMS). According to the apex bank, this development is...
Buy 2 million litres of fuel at N970 – Dangote to Nigerians
Dangote Petroleum Refinery has said its customers can purchase a minimum of two million litres of Premium Motor Spirit, PMS, also known as fuel at...
Group Emphasizes Need for Fair Pricing Amidst Economic Challenges
A prominent northern group is urging businesses across Nigeria to reduce prices on goods and services after recent gains by the naira against the U.S....
FIRS will not introduce additional taxes – Adedeji
The Chairman of the Federal Inland Revenue, Zacch Adedeji, has restated the agency’s commitment not to introduce additional taxes in the country. Adedeji stated this...
NNPCL denies adjusting fuel pump prices
The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPCL spokesperson, Olufemi Soneye,...
Tinubu’s 50-member emergency teams get six months to rescue economy
President Bola Tinubu on Wednesday established a 31-man Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian...
CAP revenue rises 24% to N23.9bn, proposes N1.26bn dividend
Paints and coatings company, Chemical and Allied Products Plc, has reported N23.9bn in revenue for the financial year ended December 31, 2023. CAP in its...
UPDATED: CBN raises commercial banks capital base to N500bn
The Central Bank Nigeria on Thursday, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at...
Bukka Hut to rebrand
One of Nigeria’s quick-service restaurant brands, Bukka Hut, has concluded plans to rebrand. In a recent statement, the founder/Chief Executive Officer of Bukka Hut, Mr...