Business
Nigerian Banks Progressing Well to Meet New Capital Requirements: Fitch Ratings Update
Nigerian banks are making significant strides in raising core capital to meet the new capital requirements set by the Central...
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MAN Decries Unsuccessful Power Sector Privatization, Calls for Review of Electricity Tariffs
Nearly 12 years after the privatization of Nigeria's power sector, the Manufacturers Association of Nigeria (MAN) has expressed dissatisfaction with...
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Nigeria’s Oil and Gas Sector Achieves Major Milestone with 96% Reduction in Gas Flaring
In a significant environmental achievement, the joint venture between the Nigerian National Petroleum Company Limited (NNPC) and First Exploration &...
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Dangote Refinery Slashes Petrol Price to N890 per Litre, Boosting Economic Relief for Nigerians
In a significant move aimed at easing economic pressures, the Dangote Petroleum Refinery has announced a reduction in the ex-depot...
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NNPC, Marketers Spend Over N5.5 Trillion on Fuel Imports Amid Dangote Refinery Dispute
The Nigerian National Petroleum Corporation (NNPC) Limited and select oil marketers have spent over N5.5 trillion on the importation of...
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Tinubu’s Tax Reforms Aim to Curb Inflation, Reduce Household Costs, Says Presidential Committee Chairman
The proposed tax reform bills by President Bola Tinubu’s administration are designed to curb inflation and lower costs for most...
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How Governors, Presidential Tax Reform Committee Reached Agreement on VAT Sharing
After weeks of intense debate, the 36 state governors and the Presidential Tax Reform Committee have reached an agreement on...
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FG Defends GDP Rebasing Plan, Aims for $1 Trillion Economy
The federal government has defended its ongoing efforts to rebase Nigeria’s Gross Domestic Product (GDP), asserting that the move will...
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Why CBN Fined Nine Banks N1.35 Billion
The Central Bank of Nigeria (CBN) has imposed a hefty fine of N1.35 billion on nine Deposit Money Banks (DMBs)...
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Nigeria Reaffirms Strong Commitment to China’s Strategic Partnership, Boosting Bilateral Ties for Mutual Prosperity
In a significant move to strengthen bilateral ties, Nigeria has reaffirmed its commitment to existing agreements with China. This came...
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