End monopoly in cement industry, manufacturers urge
The Cement Producers Association of Nigeria has called on President Bola Tinibu to end the…
Business
Business
AKIRS seals banks over refusal to pay N228.6m tax arrears
Ini Billie, Uyo The Akwa Ibom State Internal Revenue Service (AKIRS) has sealed Keystone and…
Business
P&ID scam: EFCC hails dismissal of $11.5bn judgment against Nigeria
Glory Ebomah The Economic and Financial Crimes Commission, EFCC, has applauded the dismissal of the…
Business
Liquidated banks: NDIC to pay N1.6bn to creditors
Ini Billie, Uyo The Nigeria Deposit Insurance Corporation (NDIC) has said it would soon pay…
Business
FG gets over $1.5bn fresh W’ Bank, AfDB loans Dec – Edun
The Federal Government on Monday said it had secured a budget support loan worth $1.5bn…
Business
IMF proposes more taxes, higher interest rates after subsidy removal
…says loan servicing obligation too high, insists no debt restructuring talks Look inwards for funding,…
Business
BREAKING: CBN restores 43 items restricted from FX, vows to clear forex
The Central Bank of Nigeria, CBN, on Thursday restored the 43 items previously prohibited from…
Business
Petrol stations shutting down, marketers warn
Petroleum products marketers have warned that retail outlets are shutting down operations due to the…
Business
Petroleum minister commends NCDMB for developing oil and gas hub in Bayelsa
Nathan Tamarapreye, Yenagoa The Minister of State for Petroleum Resources, (Oil) Sen. Heineken Lokpobiri, has…
Business
Bayelsa community leaders urge SPDC to ignore demand for separate Trust
Nathan Tamarapreye, Yenagoa Some communities within the Estuary Areas (EA) oilfields operated by Shell Petroleum…
Business
BREAKING: BUA cement now sells at N3,500
BUA Cement PLC on Sunday announced the reduction of the price of its cement product…
Business
Erisco Foods founder vows to sue Chioma Egodi
The Founder and President of Erisco Foods Ltd, Eric Umeofia, has declared his intention to…
Business
Naira plunges to N970 at Black Market
The exchange rate between the naira and the dollar plummeted to N980 per $1 at…
Business
RMAFC remits N5.2trn to Federation Account in 6 months
The Revenue Mobilisation Allocation and Fiscal Commission (RAMFC), says it has remitted N5.2 trillion to…
Business
Subsidy back as FG pays N169.4bn in August
Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily…
Business
Nigeria in revenue crisis with huge public debt — Adedeji, new FIRS boss
…Says FG’s spending of 96% of revenue on debt servicing unsustainable …N8.5 trn collected by…
Business
Fuel price to rise further as oil hits $95.70 per barrel
…Subsidy rise to more than N160 per litre …As FG insists on no price increase…
Business
Nigeria’s debt doubles in one year, hits N87trn
Nigeria’s total public debt doubled within a period of one year hitting N87.4 trillion in…
Business
A’Ibom farmers lament poor yields, negative impacts on aquatic animals
Ini Billie, Uyo Some farmers in Akwa Ibom State have lamented poor farm yields and…
Business
Nigerian importers to start clearing goods from Cotonou ports – Customs
The acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Tuesday, said that Nigerian…
Business
SON urges manufacturers to embrace standardization of products
Akpan Umoh, Uyo The Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, has…
Business
Local refining can’t reduce petrol to N200/litre, says MOMAN
The Major Oil Marketers Association of Nigeria has said it is impossible for the price…
Business
Banks sack 110 top executives, others over N82bn fraud
At least 110 top bank executives and junior staff members have been sacked for fraud-related…
Business
A’Ibom government ejects illegal miners from sites
Ini Billie, Uyo The Akwa Ibom State Government has started the ejection of illegal miners…