Business News
-
143CBN Clarifies Export Proceeds’ Repatriation, Utilisation By Oil Companies
The Central Bank of Nigeria (CBN) yesterday clarified that 50 per cent balance of the repatriated export proceeds could be used to...
-
137FG to Sanction Marketers Diverting Fuel
As fuel queues subside across filling stations, the Federal Government says it will sanction marketers hoarding and diverting Premium Motor Spirit. The...
-
144States, LGs to Get 90% VAT Revenue –Panel
The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax...
-
143Oil Slips on Rising US Stockpiles
Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories...
-
261Oil Climbs After Truce Talks Continue
Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution,...
-
158‘Nigeria, UK Trade Relations worth £7b’
The trade relations between Nigeria and the United Kingdom currently stand at about seven billion pounds sterling. The British High Commissioner in...
-
141Nigeria Accedes to the Establishment Agreement for Export Development Fund in Africa
The Federal Republic of Nigeria has acceded to the Establishment Agreement for the Fund for Export Development in Africa (FEDA), the development...
-
160Oil Prices Rebound on Hopes US will Replenish Strategic Reserve
Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world’s...
-
238Binance Crypto Founder Zhao Sentenced to Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating...
-
174FG’s deficit spending rises 52% to ₦12.86tr
The Federal Government recorded a 52.9 per cent, year-on-year (YoY) increase in deficit spending to N12.86 trillion in 2023 from N8.41 trillion...
