Business
Breaking: UBA crosses N1trn market capitalization
The share price of United Bank for African Plc, a multinational pan-African financial services group, crossed N29.90, taking the bank’s market capitalization to...
Nigerian economy to experience boom as $2.25bn Afrexim bank first tranche of loan of $3.3b hits FG’s account
With the Naira ranked among the worst performing currency globally, Nigeria has received $2.25 billion out of the $3.3 billion from Afreximbank to...
Increased VAT, exchange rate difference push November revenue for FAAC to N1.783trn
Value Added Tax revenue of N335.656 billion and exchange rate difference revenue of N364.869 billion have pushed distributable revenue for the Federation Account...
Nigeria’s debt profile hits N87.9trn
The N87.91 trillion total debt stock represents a marginal increase of 0.61 percent, when compared to the June figure of N87.38 trillion. Nigeria’s...
Yuletide: Tinubu approves zero-fare by rail, 50% travel waiver on road transport across Nigeria
President Bola Tinubu has approved free rides for commuters on all train services and 50 per cent reduction in interstate transport fares for...
Ban importation of 2000 to 2007 model cars, Automotive Council urges FG
The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, has suggested a ban of importation of cars used...
Breaking: Again, Nigeria’s inflation rate rises to 28.20%
Nigeria’s headline inflation rate for November soared up to 28.20 percent relative to October headline inflation rate of 27.33 percent. Persecond News reports...
Naira scarcity heightens in FCT as banks implement withdrawal limits
Several parts of the Federal Capital Territory (FCT) have been hit by paucity of the Naira as Christmas approaches. The cash crunch which...
Just in: CBN halts processing fees on large cash deposits
The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees on large cash deposits. The change cited under the...
CBN raises alarm over counterfeit Naira notes in circulation
The Central Bank of Nigeria (CBN) has raised alarm over the circulation of counterfeit banknotes across the country. According to the apex bank,...
Dangote Refinery set to commence production, recieves 950,000 barrels of crude oil
The Dangote Oil Refinery is finally set to commence fuel production as the first crude shipment arrives at the facility on Thursday. S&P...
CBN Gov. Cardoso approves apex bank’s reviewed service charter
In its bid to strengthen the core values and the working mechanism of the banking sector, the Central Bank of Nigeria (CBN) Governor,...
NNPCL ranks third for free cash flow generation among African oil companies by 2024 – Report
The Nigerian National Petroleum Company Limited (NNPC Ltd) has been ranked third for free cash flow generation by oil companies in Africa by...
Nigerians worry more about rising prices of commodities, not budgetary arithmetic — Rewane
Renowned economist and Managing Director/CEO, Financial Derivatives Company Ltd, Mr Bismarck Rewane, has said many Nigerians are not interested in the budgetary figures...
2024 budget: Oil benchmark fixed at $77.96, exchange rate of 750 to dollar
President Bola Tinubu on Wednesday announced an oil benchmark of $77.96 and the Naira at N750 to a dollar for the 2024 of...
Nigeria’s debt may climb above $51.75bn as FG plans to borrow N7.8trn for 2024 budget deficit
President Bola Ahmed Tinubu said on Wednesday that his government will finance the 2024 budget with N7. 8 trillion loan. Persecondnews reports that...
