BREAKING: Court Invalidates Edo PDP Guber Primary
July 4, 2024JUST-IN: Oyo Govt Declares Monday 8th July 2024 Work Free Day
July 4, 2024
Thursday, July 4, 2024
Business
8 Minutes
Labour, Private Sector Protest As Discos Hike Tariff Again
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector, on Wednesday, faulted the latest hike in the electricity tariff payable by customers in the Band A Category. Following the depreciation of the...
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2 Minutes
CBN Warns Banks Against Rejecting Old Dollar Notes
Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States of American dollars by its regulated entities in Nigeria. The bank threatened to sanction...
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3 Minutes
Dangote Decries High Interest Rate, Seeks Govt’s Intervention
The Chairman and Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday said rising interest rate hikes would hurt local manufacturers. Dangote made the assertion at the opening session of a three-day...
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2 Minutes
Breaking: Tinubu Approves New Withholding Tax Policy
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed this on Tuesday. Oyedele said the new withholding tax policy has laid to rest the heavy burden of the...
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4 Minutes
FG Reduces CNG Vehicle Conversion Cost By 50% For Transporters
The Presidential Initiative on Compressed Natural Gas (P-CNGI) Programme Director, Michael Oluwagbemi, on Thursday, June 27, announced a 50% conversion cost reduction for transporters. Represented by Tosin Coker during the stakeholders’ event of the...
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3 Minutes
Recapitalisation: Banks Face Tough Conditions From CBN
Ongoing bank recapitalisation will not be business as usual, Central Bank of Nigeria (CBN) said yesterday. He hinted that the conditions will be tough to ensure that all banks that scale the hurdles will...
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1 Minute
Naira Depreciates To N1,505/$ At Parallel Market
The Naira lost value in the parallel market, moving from N1,495 per dollar last weekend to N1,505 per dollar today. In a similar vein, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the value...
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2 Minutes
Court Dismisses Fleeing Binance Executive Anjarwalla’s Suit Against FG
Justice Inyang Ekwo of the Federal High Court in Abuja has dismissed the fundamental rights enforcement suit filed by the Africa regional manager of Binance Holdings Limited, Nadeem Anjarwalla, against the federal government. In...
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7 Minutes
Dangote Refinery Plans 5.3bn Litres Fuel Storage
The President of the Dangote Group, Alhaji Aliko Dangote, says it is expanding the storage capacity of his refinery by 600 million litres. This, according to him, will enable the refinery to have a...
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2 Minutes
Dangote Repays $2.4bn Of $5.5bn Refinery Loan
The founder of Dangote Group, Aliko Dangote, has revealed that he has paid off $2.4bn of the $5.5bn loan for his $19bn Lagos-based refinery. The Africa’s richest man also alleged that powerful oil cartels...
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