Latest News
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243Industry & MoneyCBN Clears $831m Foreign Airlines’ Trapped Funds –IATA
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from...
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159Business News₦3.7tr Debt Threatening Our Operations –GenCos
The Power Generation Companies (GenCos) have stated that over N3.7trn debt owed to the companies is threatening their operations and failure to...
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209Banking & FinanceCentral Bank Revokes Licence of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
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1.4KOpinionCBN Increases Hawkish Tone Amidst Sticky Inflation
Nigeria’s macroeconomic story for 2024 continued to unfold in May. In this edition of our monthly macroeconomic review, we spotlight April’s Consumer...
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232Economy & MarketEconomic and Market Report: Week Ended 31-05-2024
Global Economy According to the United States Department of Labor, the initial jobless claims in the US increased by 3,000 to 219,000...
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177Stock MarketStock Market Ends Week Strong
This week, the local bourse snapped out of the three consecutive weekly losses with a perfect trading week, as it closed 1.73%...
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249Leadership & ManagementFRC Raises ₦1.7tr from Operating Surplus Recovery, IGR
The Fiscal Responsibility Commission (FRC) generated N1.7 trillion in revenue for the government in 2023 as against N1.4 trillion raised in 2022....
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282Business NewsTax Committee Recommends ₦800/$ Customs Duty Rate
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty rate for...
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134Business NewsFG secures $500m World Bank Loan to Fund Discos
The federal government has secured a $500 million loan from the World Bank to fund electricity Distribution Companies (DisCos). According to the Bureau...
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268Local NewsNNPC Approves ExxonMobil, Seplat ₦1.2b Asset Sale Deal
After over two years of administrative and bureaucratic delays, the Nigerian National Petroleum Company Limited (NNPC Ltd) has finally signed a settlement agreement...
