The 15 percent ports tariff increase announced by the Nigerian Ports Authority on Thursday has sparked…
Category: Business
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Naira records highest gain against dollar at black market
The Naira has appreciated further against the Dollar at the parallel foreign exchange market.This comes as…
CBN lists conditions for sale of FX to BDC operators
The Central Bank of Nigeria, CBN, has issued guidelines for the sale of foreign exchange (FX)…
Nigerians consume creamers, not milk – Dairy expert
A manufacturer, the Operations Director of Manufacturing Industry Canada, Olufemi Johnson, said what is consumed as…
Nigerian govt announces 15% ports tariff increase
The Nigerian government, through the Nigerian Ports Authority, NPA, has announced a 15 percent tariff increase,…
NEITI advocates urgent reforms in solid minerals sector, tasks senate on new legislation
The Nigeria Extractive Industries Transparency Initiative, NEITI, has renewed its call for the urgent and comprehensive…
Naira strengthens against dollar at black market
The Naira has extended appreciation against the dollar at the parallel foreign exchange market amid the…
Nigeria Customs addresses concern over combined 5% import charges
The Nigeria Customs Service, NCS, has said it is working with the country’s Ministry of Finance…
Fidelity Bank set to launch innovative SME Hub with creative studios
Fidelity Bank, a leading financial institution, has announced the imminent launch of its dedicated physical facility…
Telecom tariff: Centre backs dialogue, urges NCC, NLC to prioritize interests of Nigerians
The Centre for Good Governance, CGG, has urged the Nigeria Labour Congress, NLC, and the Nigerian…
Electricity tariff hike: Nigerian govt releases fresh guidelines
The Nigerian Electricity Regulatory Commission, NERC, has rolled out new guidelines on electricity tariff hikes within…
Marketers dumping NNPCL amid price war with Dangote Refinery – IPMAN
The Independent Petroleum Marketers Association has confirmed that their members are already moving away from the…
Naira appreciates against dollar on black market
The naira appreciated against the dollar at the parallel foreign exchange market to close Monday’s trading.…
Ban on export of crude oil meant for local refineries a welcome development – PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has praised the Federal Government for…
Senate to report CBN, FIRS, Customs to Tinubu for snubbing summons
The Nigerian Senate has expressed anger over the refusal of some revenue generating agencies to answer…
Nigeria’s external reserves drop by $1.19bn in 3 weeks
Nigeria’s external reserves declined significantly by about $1.19 billion in the last three weeks plus. This…
Edo: EIRS seeks security agencies partnership for revenue collection
The management of the Edo State Internal Revenue Service, EIRS, has solicited the support of security…
Nigerians knock analyst Emmanuel for demarketing Port Harcourt, Warri refineries
A financial analyst, Kelvin Emmanuel, has come under fire from Nigerians on social media for his…
NMDPRA goes tough on LPG dealers, seals 19 illegal outlets in Delta
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed 19 illegal Liquified Petroleum Gas,…
Nigerian banks raise N1.7tn in CBN’s recapitalization drive
Nigerian banks have successfully raised N1.7 trillion in the first phase of the Central Bank of…
Trade war: China slams US with 15 per cent tariff on coal, LNG as retaliation against Trump
China on Tuesday, in a retaliatory move, slammed the president Donald Trump-led United States with a…
Naira drops against dollar at official window, stable at black market
The Naira fell against the dollar to begin the first trading day in February at the…
$200bn required to develop Nigeria’s gas infrastructure – NEITI
The Nigeria Extractive Industries Transparency Initiative, NEITI, says the sum of $200 billion is required to…
50% telecom tariff hike: NATCOMS backs decision as NLC bows to FG’s pressure
The Nigeria Labour Congress bowed to pressure to halt its planned Tuesday nationwide protest against the…
Tinubu’s aide makes U-turn on fresh 65% electricity tarrif hike
President Bola Ahmed Tinubu’s special adviser on energy, Olu Verheijen, has clarified her statement on the…
Dangote Refinery: NNPC may reduce petrol price, as marketers with imported fuel suffer losses
The Nigerian National Petroleum Company Limited may reduce premium motor spirit price in response to Dangote…
Expect another electricity tariff hike within months – Presidential aide
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, says Nigeria’s electricity tariff will…
Dangote petrol price reduction will lower living costs for Nigerians – PETROAN
Petroleum Products Retail Outlets Owners of Association of Nigeria has said the latest ex-depot premium motor…
Breaking News: Dangote Reduces Petrol Loading Expenses, Effective Immediately – Gist News Report.
The Dangote Petroleum Refinery has reduced its ex-depot (gantry) price of Premium Motor Spirit (PMS),…
We’ve commenced fuel lifting from Port Harcourt, Warri refineries – PETROAN
The Petroleum Products Retail Outlet Owners Association says its members have started loading dual-purpose kerosene, automotive…
How Naira outperformed the dollar, gained massively on week-on-week
The Nigerian currency, the Naira, has had an impressive run against the dollar in the last…
CBN approves CFA listing on Nigeria Export Proceed
The Nigeria Export Promotion Council, NEPC, has confirmed that the Central Bank of Nigeria, CBN, has…
Naira Records Significant Gain Against US Dollar on Both Official and Parallel Markets. -Gist News Reports
Nigeria’s currency firmed up significantly against the dollar in both official and parallel foreign exchange…
Adverse effects of high-interest rate spreads on the Nigerian economy-Gist News Reports
By Mustafa Chike-Obi & Adetilewa Adebajo The interest rate spread is the difference between the…
Nigeria’s VAT surged by 84.62% to N6.72trn in 2024 — FIRS
Nigeria’s Value Added Tax, VAT, collections rose by 84.62 per cent to hit N6.72 trillion in…
Fidelity Bank chairman, Chike-Obi honoured with Lifetime Achievement Award
For his exceptional leadership and contributions to banking and finance, the Board Chairman of Fidelity Bank…
Comply with FG’s cash policy or risk access to funding – Edun warns MDAs
Nigeria’s Minister of Finance, Wale Edun, has warned the federal government’s ministries, departments, and agencies…
Nigeria’s inflation would’ve hit 42.81% in December 2024 – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said if not for…
Naira gains massively, hits N1,485.95 per dollar
The naira recorded massive gains, the highest in months, to continue its appreciation streak against the…
Tariff hike: Nigerian govt snubs subscribers, as NLC mobilizes to shut economy
The Nigerian government has ignored calls by Nigerians and telecommunications subscribers to either reverse or slash…
Benue rakes in N2.2 billion IGR monthly
The Benue Internal Revenue Service, BIRS, has raked in N2.2b as Internally Generated Revenue, IGR, from…
Canada announces sixth interest rate cut
The Bank of Canada on Wednesday further cut its interest rate by 25 basis points, bringing…
Nigeria’s e-transactions hit N1.07 quadrillion – NIBSS
Nigeria’s electronic payment transactions hit a historic high of N1.07 quadrillion in 2024. This feast was…
NIWA plans to grow its revenue above 200% in 2025
The National Inland Waterways Authority, NIWA, on Wednesday disclosed that it will grow its revenue by…
Naira strengthens further against dollar for second consecutive day
The naira further firmed up against the dollar at the foreign exchange market on Wednesday, marking…
Cardoso warns Nigerian banks, BDC operators over FX Code compliance
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has issued a stern warning to commercial…
Nigeria secures $1.1 AfDB loan to provide electricity for 5m people
Nigeria has secured a $1.1 billion loan from the African Development Bank to provide electricity for…
PETROAN reacts as NMDPRA issues gas distribution licences to marketers
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has said the issuance of gas…
AEDC announces outage in Abuja
Abuja Electricity Distribution Company, AEDC, has confirmed a power outage in parts of the Federal Capital…
Naira appreciates massively against dollar
The Nigerian currency, the naira, appreciated massively against the dollar in both parallel and official foreign…
24-hr port operations will help realisation of $1 trillion economy by 2031 — FIRS chairman, others
There can be no better time than now for the take-off of the National Single Window…
Nigeria Customs announces 30-day deadline for imports clearance
The Nigeria Customs Service has issued a 30-day deadline for consignment imports clearance at the nation’s…
2025 licence renewal fee: CBN grants BDC operators waiver
The Central Bank of Nigeria has granted a waiver to authorized Bureau De Change operators on…
Microsoft in talks to acquire TikTok -Trump
US President Donald Trump on Monday said that Microsoft is in talks to acquire TikTok, while…
USSD debt: NCC, telcos give update on Nigerian banks’ disconnection
The Nigerian Communications Commission and telecommunications companies have ruled out a deadline extension after Nigerian banks’…
Hardship: We’re focused on easing your pains – VP Shettima assures Nigerians
Vice President of Nigeria, kashim Shettima on Monday assured Nigerians that the President Bola Tinubu-led administration…
CBN releases FX Code as Naira appreciates against dollar
The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as…
Naira appreciates against dollar at black market
The Naira appreciated against the dollar at the parallel exchange market on Monday. A Bureau de…
Fuel price to reduce as global crude cost lowers
The reduction in the global prices of crude may lead to a drop in the prices…
Nigeria’s external reserves experience decline
Nigeria’s external reserves dropped to $39.991 billion on 23 January, 2025 from $40.035 billion on 20…
Migrants deportation: Trump slams 25% tariffs on Colombia
US President, Donald Trump, has slammed 25 percent tariffs on Colombia after its president barred two…
Being sidelined by Trump is exactly what Africa needs – CBN ex-Deputy Gov, Moghalu
Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has suggested that being…
Taraba, Lagos, Benue have highest cooking gas prices in Nigeria — NBS
The National Bureau of Statistics, NBS, has said that Taraba, Lagos, and Benue have the highest…
Safety concerns: Aviation stakeholders seek NCAA overhaul
Some stakeholders have expressed worry over safety issues in the Nigerian aviation sector. This is even…
Naira gains N20 weekly against Dollar
The Naira gained N18.85 and N20 against the dollar on a week-on-week basis, respectively, at the…
What CBN must do to win fight against rising inflation – World Bank, IMF
The World Bank Group and International Monetary Fund have told the Central Bank of Nigeria how…
Naira records significant appreciation against dollar
The naira appreciated significantly at the official foreign exchange market to end the week stronger. FMDQ…
AFAN calls for urgent steps to address food availability in Nigeria
The President of the All Farmers Association of Nigeria, AFAN, Architect Kabir Ibrahim, has stressed the…
N580bn runways budget: Why I’m ready to lose my job – FAAN MD, Kuku
The Managing Director of the Federal Airport Authority of Nigeria, Olubunmi Kuku, has declared readiness to…
50% Telecoms tariff hike: Subscribers reject planned NLC shutdown
The National Association of Telecommunications Subscribers has rejected the shutdown and boycott of telecom service proposal…
Naira extends appreciation against dollar
The Naira extended its appreciation against the dollar at the foreign exchange market on Thursday. FMDQ…
Nigeria’s economy to expand by 4.17, inflation to ease in 2025 — CBN Gov, Cardoso
The Central Bank of Nigeria Governor, Olayemi Cardoso, on Thursday, said the country’s Gross Domestic Product…
Why Nigeria’s 15% inflation rate target possible—Oyedele
The Chairman of the Ptesidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained…
Nigeria spent N3.57tn on debt servicing in Q3, 2024 – DMO
Nigeria’s total debt service costs, which include external and domestic obligations, rose to N3.57 trillion in…
Women-led businesses, agriculture to benefit from $35m FCMB deal
By – Usman Lawal Photo credited – Proparco Proparco has deepened its partnership with First City…
Yobe opens sesame seed factories to boost economic activities, create jobs
The Yobe State Government has inaugurated four modern sesame seed processing factories to boost economic activities…
Nigerian telcos give update on 50% telecoms tariff hike
Telecommunications companies operating in Nigeria have revealed that they will soon commence charging subscribers the 50…
Grain prices drop in Gombe markets as traders experience low patronage
Prices of grains have dropped in Gombe markets due to a decline in demand for the…
CBN okays release of FX code
The Central Bank of Nigeria, CBN, has approved the release of the Nigerian Foreign Exchange, FX…
Naira gains significantly against dollar on black market
The naira firmed up significantly against the dollar at parallel foreign exchange markets on Wednesday. A…
NEITI backs 2024 tax reform bill
The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed its full support for the 2024 Tax…
Nigerian airline secures IATA certification
A Nigerian airline, Air Peace, has secured International Air Transport Association Operational Safety Audit, IOSA, certification.…
How Trump’s policy will impact petrol prices, Naira – CPPE
The Centre for the Promotion of Private Enterprise has explained the implications of United States President,…
NNPC jerks up fuel price
The Nigerian National Petroleum Company Limited has increased the price of Premium Motor Spirit, petrol, across…
Naira drops against dollar on official, black markets
The naira dipped against the dollar in both official and parallel foreign exchange markets on Tuesday.…
NASS to consider increased funding for govt watchdog agencies
The Nigerian Senate has vowed to allocate adequate funds to agencies of government that play watchdog…
Aviation Minister inaugurates $10m Xejet’s flight support, engineering hub in Abuja
The Minister of Aviation and Aerospace Development, Festus Keyamo, on Tuesday inaugurated Xejet’s state-of-the-art Flight Support…
50% telecom tariff hike: POS operators to hike charges
The Association of Mobile Money & Bank Agents in Nigeria has said its members may have…
Why we slammed ban on two Nigerian companies – World Bank
The World Bank Group has explained why it announced a 30-month debarment of two Nigerian companies,…
Naira appreciates against dollar at black market
The Naira has appreciated against the dollar at the parallel foreign exchange market amid Donald Trump’s…
50% telecoms tariff hike: Nigerians to drag FG to court
Nigerians have vowed to drag the federal government to court over approval of a 50 percent…
Bitcoin soars to all-time high ahead of Donald Trump’s inauguration
Ahead of President Donald Trump’s inauguration on Monday, the price of Bitcoin has crossed $108,000 mark.…
Fuel scarcity looms in Rivers — PETROAN raises alarm
Petroleum Products Retail Outlets Owners Association has raised an alarm over looming fuel scarcity due to…
SEC advises CMOs to renew their registration before January 31
The Capital Market Operators, CMOs, have been advised by the Securities and Exchange Commission, SEC, to…
Blackout: Over 18 transmission towers vandalised in five days – TCN
The Transmission Company of Nigeria has said that over 18 transmission towers were vandalized between January…
Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike
Dangote Refinery and Petroleum Products Marketers have shifted the blame for the recent premium motor spirit…
Increase in fuel price not our fault — Dangote Refinery
Dangote Refinery has clarified that “the recent adjustment in our ex-depot price of Premium Motor Spirit…
Tax bills will be passed in Q1, implementation to commence in July – Oyedele
The Chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, says the…
Naira appreciates against dollar again
The naira extended appreciation against the dollar at the official market to end the week on…
Port Harcourt refinery: NNPCL disowns recruitment notice
The Nigerian National Petroleum Company Limited, NNPC Ltd has urged members of the public to disregard…