The naira extended its downward trend on Monday, weakening to ₦1,369 per dollar at the official market, amid persistent foreign exchange pressures and declining external […]
Category: Business
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NGX sheds ₦1.36trn as profit-taking hits banking, telecom stocks
Nigeria’s equities market opened the week on a bearish note, with investors losing about ₦1.36 trillion amid renewed profit-taking across key stocks on the Nigerian […]
BUA Cement rewards distributors with cash prizes, vehicles
BUA Cement Plc has rewarded its top-performing distributors across Nigeria with cash prizes, Sports Utility Vehicles, and compressed natural gas (CNG) trucks as part of […]
Dangote Refinery to employ 95,000 workers for expansion to 1.4m bpd
The President of Dangote Group, Aliko Dangote, has announced that the expansion of the Dangote Petroleum Refinery to a production capacity of 1.4 million barrels […]
Taxes consume 35% of airline revenues – CPPE
Nigeria’s aviation sector is under growing strain as taxes, charges and regulatory levies consume up to 35 per cent of airline revenues, the Centre for […]
NRS refutes viral claim of new vehicle tax
The Nigeria Revenue Service (NRS) has dismissed claims of a newly introduced vehicle tax, describing a viral infographic circulating online as false and misleading. In […]
FG introduces no new vehicle tax, says NRS
The Nigeria Revenue Service (NRS) has dismissed claims of a newly introduced vehicle tax, describing a viral infographic circulating online as false and misleading. In […]
Court freezes ShopRite assets, restrains directors over unpaid judgment debt
A federal high court in Ikoyi, Lagos, has issued an order restraining directors of Retail Supermarkets Nigeria limited (ShopRite) from disposing of shares or assets […]
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
Anyone who has tried to get a loan to buy a house in Nigeria knows the drill: endless forms, property valuation, and […]
Q1’2026: UBA delivers strong performance as gross earnings hit N801.5bn
United Bank for Africa Plc, leading Pan-African financial institution, has released its unaudited financial results for the first quarter ended March 31, 2026. It demonstrates […]