Business

In a springy leap, Transcorp records impressive revenue of N82.1bn in first half of 2023 up from N62.9bn in 2022

With an impressive revenue of N82.1 billion in first half of the year 2023, Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with...

Tinubu govt.to revert to a CBN-controlled exchange rate system – EIU

The Economic Intelligence Unit (EIU) has predicted in its latest report that the Bola Tinubu administration will soon revert to the regime where...

For fifth consecutive year, Nigeria maintains its position as largest economy in Africa

Nigeria has consolidated its position as the largest economy in African for the fifth year in a row in 2022 with a nominal...

After exiting fuel subsidy shackles, NNPCL begins remittance Into Federation Account, pays N123bn into govt coffers

“Stakeholders said the payment of dividend by the NNPCL attests to the fact that the company under the helmsmanship of the Group Chief...

Cooking gas price set to crash as NNPCL partners UTMOL

“The collaborative initiative will result in the creation of 3,000 direct employment and an additional 4,000 indirect employment” In its bid to make...

NPA records N191.4bn revenue in first half of 2023, remits N55.7bn to nation’s Consolidated Revenue Fund

The Nigerian Ports Authority (NPA) says it has recorded a total revenue of N191.43 billion in the first half of 2023. Of the...

Business growth impediments: Pres. Tinubu inaugurates Oyedele Committee on tax reforms, fiscal policy

In a bid to give a structural fillip to his promise and commitment to remove all impediments to business growth in the country,...

Importers now free to import vehicles through Seme border in Lagos — Official

The Federal Government has approved the re-opening of the Seme border in the Badagry area of Lagos State with the Republic of Benin...

Bharti-Airtel Worldwide boss lauds Tinubu’s scrapping of multiple foreign exchange rates, digital infrastructure for citizens

President Bola Tinubu has been lauded for the scrapping of multiple foreign exchange rates and the introduction of a unified, single exchange rate...

Subsidy Removal: Exploring the Facts behind the Figures By Femi Soneye

With Nigeria’s total debt stock projected to hit N80 trillion by the end of 2023 further subsidy payments could cause a total collapse...

Nigeria leads countries owing foreign airlines, its debt soars to $812m

Nigeria with a huge $812.2 million debt maintains its lead among countries owing foreign airlines collectively about $2.3 billion. The $812.2 million foreign...

First Bank’s gross earnings rise to N245.7bn in Q1 2023 from N170.4bn in 2022

In a stellar performance, First Bank of Nigeria Ltd has announced a significant growth across key metrics in the first quarter of 2023...

810m litres of petrol still in depots, tanks, outlets across Nigeria, says Mele Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, has disclosed that about 810 million litres...

Fuel subsidy: Commuters in FCT groan over hike in Transport fare

Aftermath of petrol subsidy removal by the President Bola Tinubu administration, commuters in the Federal Capital Territory (FCT) are now groaning over the...

No money to finance petrol subsidy — Mele Kyari

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, says Nigeria does not have the...

CBN has not devalued the Naira — Spokesman

Contrary to a report, the Central Bank of Nigeria (CBN) says it has not devalued the Naira to N631 per dollar at the...