For taxable supplies made to them, Deposit Money Banks (DMBs), MTN and Airtel will withhold the 7.5 per cent Value Added Tax (VAT) on behalf of...
“All-time highs”, that is the current user growth of Twitter since Elon Musk officially took over the reigns at the social media company after splashing $44...
The exchange rate between the dollar and naira in the black market on Monday maintained over N300 gap against the last closed rate of the official...
Meta co-founder and Chief Executive Officer, Mark Zuckerberg, is reportedly taking the same path with Twitter’s Elon Musk by sacking workers to save his firm’s earnings....
Amid the flood ransacking major parts of the country, Nigeria is in need of N834 trillion ($1.9 ttillion) to tackle climate change, as well as transition...
The Peoples Democracy Party (PDP) vice-presidential candidate, Ifeanyi Okowa, said on Sunday that Nigeria’s economy was beset by several problems. Okowa, who spoke at a presidential...
The Labour Party presidential candidate, Peter Obi, has disagreed with persons that believe the Nigerian economy was not diversified. Obi, who spoke at a presidential town...
MTN Nigeria has announced that its services would be unavailable to subscribers on Tuesday. The network provider said in an SMS to subscribers on Sunday that...
Twitter owner, Elon Musk, has alleged that some workers at the social media company were charging users thousands of dollars to get them verified on the...
On the trading floor of the Nigerian stock market this week, 1.410 billion shares exchanged investors’ hands in 19,025 deals valued at N15.510 billion. The volume...
Elon Musk has stated that Twitter losing $4 million per day led to the sack of some workers at the company, following his $44 billion acquisition....
Investors in the Nigerian capital market pocketed N17.69 billion at the close of trading on Friday. This followed the rise in market capitalization by 0.07 percent...
The world’s richest man, Elon Musk, is reportedly planning to sack thousands of workers in his newly acquired social media company, Twitter. According to multiple media...
Oando Plc has obtained a court order for extension to develop and submit Scheme of Arrangement Document for the purchase of minority stake from shareholders. Oando’s...
Residents and businesses in the United Kingdom have been told to brace for a rise in cost of living, as the Bank of England (BoE) expects...
The Governor of Nasarawa State, Abdullahi Sule, said the hike in dollar rate is affecting the common man in Nigeria, and it is worrisome to him....
Demands for dollar in the black market continues to overshoot supply and overwhelm the Bureau De Change operators. This has sustained a floating exchange rate in...
Access Bank has informed its customers that applications to obtain dollars for school fees abroad, maintenance/upkeep requests will now be determined by availability of the foreign...
The equity capitalization at the Nigerian capital market rose by 1.22 percent at the close of trading on Wednesday. The development pushed up the equity capitalization...
Bureau De Change operators supplied the dollars at various rates in the black market on Wednesday. To the surprise of many who stormed the black market...
Stanbic IBTC financial statements for the nine months period of 2022 showed that the lender grew its revenue by 41 per cent, with its profit after...
Bureau De Change operators continue to sell the United States dollar at a premium price in the black market, maintaining its over N300 difference when compared...
Coca-Cola, Amazon, Apple, amongst other Fortune 500 corporations have been urged to boycott Twitter ads after Elon Musk’s acquisition of the social networking site. Over 40...
The Nigerian capital market ended trading on Tuesday with N23.82 trillion equity capitalization. The All-Share Index also closed at 43,745.73 after eight hours of trading on...
The United States dollar appreciated against the naira in the black market on Monday after Bureau De Change operators increased their asking price by N75. Traders...
Consultation on the upward or downward review of salaries paid to public office holders have began, according to the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)....
The former Emir of Kano, Muhammadu Sanusi II, has reacted to claims that the Arabic inscriptions known as ‘Ajami’ will be removed from the redesigned naira...
The Bureau of Public Enterprises (BPE) has explained the reason for the non-payment of severance packages for former staff of the Skypower Aviation Handling Company Limited...
International Breweries said foreign exchange illiquidity and other factors affected the business of the firm, after suffering N3.14 billion net loss in Q3 2022. The brewer...
Elon Musk is reportedly making changes to how Twitter users get and retain their verification badge, and also reviewing the Twitter Blue package on the social...
With the resumption of trading this week, Dangote Cement, RT Briscoe, Airtel Nigeria, and MTN Nigeria are some of the shares stock investors need to watch...
The world’s richest man, Elon Musk, said on Sunday he would create a council to moderate content on the microblogging platform, Twitter. The billionaire, who recently...
The Chief Executive Officer of Lafarge Africa, Khaled El Dokani, on Friday decried the exchange rate situation in Nigeria. in a corporate document sent to shareholders...
Capital Hotels Plc has disclosed that the company has temporarily shutdown Sheraton Abuja Hotel, amid majority stake acquisition by 22 Hospitality Limited, and disagreement with its...
In the next two months, Game Stores, a South African retail giant owned by Game Discount World Limited, will exit the Nigerian market, more than a...
The final acquisition of Twitter by the world’s richest man, Elon Musk, has led to the dismissal of the firm’s Chief Executive Officer, Parag Agrawal. Agrawal...
MTN Nigeria has borrowed €100 million from the European Investment Bank (EIB) to finance its 4G network operation in Lagos and Ogun State. The €100 million...
World’s richest man, Elon Musk, has informed Twitter advertisers that he isn’t buying the social media company to make more money, and also hinted on compensating...
The invasion of Ukraine has cost Russia the investment of another foreign investor, Mercedes-Benz, as the vehicle manufacturer announces its decision to sell assets to a...
The Executive Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has vowed to go after hoarders of naira, as the redesigned currency is set...
The Guaranty Trust Holding Company (GTCO) net profit rose by 0.73 percent in the third quarter of this year. GTCO disclosed this in its third-quarter consolidated...
An American bartender, Ebony Mayfield, who played a key role in the bank fraud case against Air Peace founder, Allen Onyema, will be sentenced on Friday,...
American rapper, Kanye West, is no longer a billionaire after his partnership with Adidas for his fashion brand, Yeezy, was terminated by the footwear company. On...
Investors at the Nigerian capital market went home with N177.8 billion following the rise in equity capitalization by 0.73 percent at the close of trading on...
Queues have returned to filling stations in some locations in Lagos and Ogun State, while some retail stations have closed down due to scarcity of fuel...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has disclosed that $120 million will be provided to foreign airlines to enable them repatriate...
National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the acquisition of Sigma Pensions Ltd by Access Bank’s parent firm,...
Titan Trust Bank Limited has triggered a mandatory takeover of Union Bank of Nigeria Plc, a corporate document sent to investors has revealed. Ripples Nigeria had...
The United Bank for Africa (UBA) posted N116.04 billion as net profit in the first nine months of this year. The lender was also fined N235...
The total market share in the Nigerian capital market went up by 0.14 percent at the close of trading on Monday. Therefore, equity capitalization rose by...