President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from the policy. President Muhammadu Buhari has declared support for the move by the Central Bank of Nigeria to redesign the three largest...
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Monday dismissed the application by Multichoice Nigeria Limited seeking Stay of Execution on the Tribunal’s administrative penalty of N25million given in its Judgement of Sept. 8. A statement by Ayotomiwa Ayodele, Communications Officer of CCPT, said Multichoice Nigeria Limited was found in Contempt of the Tribunal for violating its March 30...
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital...
Angola and Libya have for the second consecutive month maintained their lead over Nigeria as Africa’s highest crude oil producers, a report by the Organisation of the Petroleum Exporting Countries (OPEC) has shown. OPEC stated this in its Oil...
The Kogi State Government has debunked claims by the Dangote Group that Obajana Cement Factory is owned 100 percent by the Conglomerate, insisting that there was no valid acquisition. The state government also vowed to recover all accrued dividends...
On behalf of Federal Government of Nigeria, Debt Management Office is offering: 2-Year FGN Savings Bond due October 12, 2024: 11.382% per annum 3-Year FGN Savings Bond due October 12, 2025: 12.382% per annum Offer opens October 4 and...
The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in...
The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on...
The Federal Government said on Thursday that a lot of opportunities abounded in the agricultural sector as over 56 per cent of available agricultural land was still not in use. The Minister of Agriculture and Rural Development, Dr. Mohammad...
The National Association of Nigeria Travel Agencies (NANTA) on Thursday said the continued increment in the price of local and international air fares was unacceptable to Nigerians and the trade association. Mrs Susan Akporiaye, NANTA’s National President, during a...
