BUSINESS

A recent report from U.S.-based Emerging & Frontier Capital (EFC) has issued a stark warning that the introduction of a windfall tax during the Central Bank of Nigeria’s (CBN) mandated recapitalization could severely strain the…
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—strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its…
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One of the major commercial banks in the country, Ecobank Plc, on Friday announced indefinite closure of its branches spread across the country.The bank, in a message to its customers on Friday hinged the decision on recent developments…
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Due to the availability of online banking, certain banks have seen a growth in their digital channels Semrush data shows that the UBA is ranked number one, with 2.36 million visits in June 2024. In June, Paystack customers accounted for…
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Nigeria remains engaged in exchanging 450,000 barrels per day (bpd) of crude oil for approximately 1 million metric tons (MT) of petrol, equating to 1.341 billion liters, through its state oil company, according to Mr. Bello Rabiu, former…
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The Federal Government, through the Nigerian Customs Service (NCS), has initiated a new effort to address the issue of improperly imported private jets.According to recent findings, around 80 private jet operators have been summoned to…
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A market survey conducted by Legit.ng shows cement prices have dropped from the high of N15,000 it sold in January 2024. Retailers of the product said the drop is due mainly to ex-depot prices, which have also dropped following a…
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Afemale staff of the Dangote Refinery, Ibeju Lekki in Lagos State, Rashidat Ahmed, whose right hand was amputated after a security official of the company shot her, has lamented that the company abandoned her in her worst moment. …
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