Latest News
-
204Local NewsBusiness Environment Improved Slightly in May –Report
The business environment for the private sector in Nigeria improved slightly in May as the Purchasing Managers’ Index rose to 52.1 points...
-
200Foreign NewsStock Futures Rise on Fed Bets; India Rebounds
European stock futures advanced as signs of a cooling US labor market buoyed Federal Reserve rate-cut bets. Treasury yields climbed after their...
-
278Economy & MarketFG Proposes Reduction of Tax Collection Costs
The Presidential Fiscal Policy and Tax Reform Committee has proposed reducing tax collection costs to 1% and introducing daily disbursement of Federation Account...
-
158Local NewsNew Wage: Tinubu Directs Edun to Come Up with Cost Implications in 48 Hours
President Bola Ahmed Tinubu, yesterday, directed Minister of Finance and Coordinating Minister for the Economy, Wale Edun, to within two days come...
-
275Industry & MoneyCNG to Reduce Petrol Imports by $4.4b
Nigeria is going to reduce the importation of Premium Motor Spirit, popularly called petrol, by about $4.4bn annually by adopting the use...
-
166Business NewsSell Crude to Dangote Refinery, FG Directs IOCs
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it would mandate international oil companies to supply crude oil to Dangote oil...
-
145Foreign NewsOil Near 4-mth Low After OPEC+ Supply Plan
Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year...
-
237Banking & FinanceCBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there...
-
250Stock MarketLocal Bourse Extends Downtrend
EQUITIES Bearish sentiments continued in the local bourse today as sell pressures on ZENITHBANK (-3.0%) and UBA (-4.1%) undermined market performance. Consequently,...
-
163Foreign NewsAsian Shares Search for Momentum After US Data
Asian stocks struggled for traction as investors weighed concerns about the health of the US economy against stronger expectations for early Federal...
