Nigeria has introduced stamp duty on certain crypto transactions and withholding taxes that industry players say could undermine adoption of digital assets in one of the...
The African Continental Free Trade Area Secretariat has signed a 20-year, $3.1 billion concession agreement with Nigeria’s Bergmans Security Consultants and Supplies Ltd to roll out...
National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory minimum capital requirement under the Nigerian...
The Nigerian equities market extended yesterday’s gains, with the NGX All-Share Index (ASI) advancing by 0.12% to close at 245,209.34 points. Similarly, market capitalisation rose by...
Central Bank of Nigeria (CBN) says its ongoing monetary and foreign exchange reforms are delivering positive results, with the gap between the official Naira exchange rate...
Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August,...
The National Insurance Commission has presented new licence certificates to insurance companies that successfully met the Commission’s new minimum capital requirements. NAICOM’s chief, Olusegun Omosehin, said...
Crown Takaful Insurance Limited, Nigeria’s ethical insurance company, has approved the sharing of N100.9 million in total surplus distribution to its participants. Surplus sharing is the...
More than 85 million Nigerians still lack access to electricity from the national grid. Abba Aliyu, the Chief Executive of the Rural Electrification Agency (REA), said...
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a grant of $4.23 million to...
Central Bank of Nigeria (CBN), Gombe Branch, on Tuesday organised a stakeholders’ fair aimed at promoting financial inclusion, enhancing public awareness of the Bank’s operations, and...
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity distribution companies (DisCos) deployed 227,559 meters in March and April. The commission disclosed this, in its...
Dangote oil refinery is set for Africa’s biggest ever market listing as it seeks to raise about $5 billion through an initial public offering expected to...
Minister of Solid Minerals Development, Dele Alake, has led the Nigeria Solid Minerals Company (NSMC) delegation to the White House in Washington, D.C., United States, for...
President Bola Tinubu has approved salary increases of between 30 and 80 per cent for Nigeria’s armed forces personnel. About 250,000 personnel are to benefit from...