Nigerian equities regained their rally yesterday as demand for banks’ shares drove the overall market to net capital gain of N26 billion. Benchmark indices at the Nigerian Exchange (NGX) indicated
The Central Bank of Nigeria (CBN) has reiterated the impact of fintech startups in boosting investment and promoting financial inclusion in the country. Speaking at the TechnNovation FINTECH Conference organised
President of the Senate Godswill Akpabio yesterday praised President Bola Tinubu for supporting Minister of the Federal Capital Territory (FCT) Nyesom Wike, to deliver. According to him, this support has
President Bola Tinubu has approved a new withholding tax policy, replacing the decades-old policy established in 1977. The announcement was made by Taiwo Oyedele, Chairman of the Presidential Committee on
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed a memorandum of understanding(MoU) with two banks to enable Small and Medium Enterprises (SMEs) get access to capital at
Nigeria-European Union (EU) trade reached €35billion in 2023, with the EU accounting for about one-third of Nigeria’s foreign trade, resulting in a trade balance in favor of Nigeria, it emerged
Dangote Oil Refinery is significantly increasing its diesel exports to West Africa, thereby capturing market share from European refiners, according to traders and shipping data. The operations of the $20
Group Managing Director, Sujimoto Holdings, Olasijibomi Ogundele has said his company’s $225 million ambitious real estate project, known as LeonardoBySujimoto, was designed to position the country at the forefront of
The Nigerian National Petroleum Company (NNPC) Limited has restated its commitment to building the infrastructure that is required to deliver gas into the country. The Group Chief Executive of the
The President Bola Tinubu administration has saved over $20billion on illegal maritime activities between June 2023 and June this year, it was learnt. A senior official of the Federal Ministry
A bill seeking to repeal and re-enact the National Identity Management Commission(NIMC) Act 2007 has passed the second reading at the Senate. This followed the presentation of the general principles
‘Contract split to avoid threshold overshoot’ A High Court of the Federal Capital Territory (FCT) in Maitama heard yesterday that Al Buraq Global Investment Limited, linked to the son in-law
New tax laws are expected before end of this year, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said yesterday. According to him, ten amendment
Business mogul Aliko Dangote yesterday highlighted a major impediment to job creation and speedy economic growth in the country. He said the high interest rate can discourage investment and hamper
The Nigerian National Petroleum Company (NNPC) Limited has declared a state- of- emergency on crude oil and gas production in the country. The goals, according to the Group Chief Executive
Federal Ministry of Housing and Urban Development is to build 250 housing units in Osun State, the Minister, Mr. Ahmed Dangiwa, has said. He spoke yesterday in Osogbo during the
By Muinat Ajibade-Alasela The Chairman of Apapa Local Government, Idowu Senbanjo has stated that the private sectors and property owners are the people to drive the council ‘s economy. The
By Cliff Chima Drawing parallels with his predecessor, President Bola Tinubu generally rates as more insightful and much more prepared for governance but has largely been cornered by circumstances beyond
The French arm of the global cryptocurrency exchange Binance has undergone a significant ownership change following a warning from France’s financial market regulator, the Autorité des Marchés Financiers (AMF). Overview
Mastercard has made a significant move in financial technology by launching a pilot program that integrates cryptocurrency credentials into its peer-to-peer (P2P) payment system. Overview of Mastercard’s Crypto Initiative This
Administrative activities in university campuses may be grounded from tomorrow as their non-teaching staff begin another round of strike. The non-academic workers want the Federal Government to pay their four-month
Determined to rescue the manufacturing sector, the Federal Government has joined forces with the Manufacturers Association of Nigeria (MAN) for actionable roadmap and policy framework for the sector. Vice President
The Hong Kong Securities and Futures Commission (SFC) is taking decisive steps to ensure the integrity of its financial markets. Overview Following the recent deadline for cryptocurrency firms to obtain
By Fhumulani Lukoto PayPal has announced the launch of its new stablecoin on the Solana blockchain, marking a significant advancement in digital payments. Overview On May 29 2024, PayPal announced
President Bola Tinubu has appointed a new board for Family Homes Funds Limited (FHFL), a move aimed at boosting growth in the real estate sector. According to a statement issued
The operations of private firms protecting critical national assets against crude oil theft have been attributed to the reason for the hike in the price of automotive gas oil, otherwise
The federal government has initiated investigations into the alleged breach of citizens’ data by some data verification platforms and unauthorised portals. The government is looking into claims that individuals have
Former Senate president, Adolphus Wabara, has revealed that he rejected the sum of N250 million to support the tenure elongation agenda (otherwise known as the Third Term) of former President
The Senate on Tuesday, July 2, passed for a second reading, a bill which seeks to allow all persons resident in Nigeria to obtain the National Identification Number (NIN). The
Kogi Governor Ahmed Ododo has praised President Nola Ahmed Tinubu for appointing Mr. Mohammed Sheidu as Executive Secretary of Nigeria Police Trust Fund (NPTF). The Governor in a congratulatory message