Business

The total national savings in foreign cash have climbed way up to 52 billion dollars. Clean spendable savings made a massive jump from 3 billion dollars to over 40 billion dollars. New economic policies managed to clear away...

NITDA has transferred Nigeria's Public Key Infrastructure (PKI) to NIMC, strengthening the country's digital identity security framework under the newly amended NIMC Act. The handover positions NIMC as Nigeria's Root Certification Authority, giving it responsibility for securing digital...

The Securities and Exchange Commission has launched a nationwide campaign to help investors recover unclaimed dividends and other funds linked to capital market transactions. The initiative will educate Nigerians on verifying and claiming unclaimed dividends, public offer refunds,...

The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker (FXBT), enabling real-time monitoring of Bureau De Change foreign exchange purchases and transactions across the official market. Licensed BDC operators must now resell any unused foreign...

Nigerian equities shed ₦32 billion as profit-taking in BUA Cement and Eunisell outweighed strong gains in banking stocks. First Holdco jumped 9.96 per cent to lead the gainers’ chart for another session, while UBA, Jaiz Bank, and McNichols...

The Corporate Affairs Commission has given about 100,000 companies 90 days to comply with statutory filing requirements or risk being struck off its register. Affected companies must file outstanding Annual Returns and disclose Beneficial Ownership information to avoid...

 NERC's latest directive has ignited a dispute over who has the authority to regulate electricity investments as Nigeria's power market becomes increasingly decentralised.  DisCos and state regulators argue the Order goes beyond NERC's powers, while the Commission says...

Nigeria's external reserves climbed to $51.86 billion, their highest level since 2009, strengthening the country's foreign exchange buffer. Higher oil receipts, stronger export earnings, and renewed foreign investor inflows have combined to drive the steady build-up in reserves. ...

President Tinubu says his administration's bold economic reforms are laying the foundation for Nigeria's future, insisting the temporary hardships are necessary to achieve lasting prosperity and macroeconomic stability. Deloitte Africa endorses the Federal Government's fiscal and financial reforms,...

FAAC shared ₦2.55 trillion among the Federal Government, states and local governments after gross federation revenue surged 32.6 percent to ₦4.5 trillion in June. Stronger collections from Companies Income Tax, VAT, petroleum royalties, and import duties boosted the...