Business
No Mercy for Banks Involved in Naira Note Hoarding – CBN
The Central Bank of Nigeria (CBN) has announced it will not hesitate to take strong action against banks caught helping illegal hawkers of the...
Business
Dangote Refinery Clarifies Why NNPCL’s Stake Was Reduced to 7.24%
Dangote Refinery has clarified why the Nigerian National Petroleum Corporation Limited (NNPCL)’s ownership stake in the refinery was reduced from 20% to 7.24%. The refinery...
Business
CBN Imposes N1.2m Daily Limit on PoS Transactions
In a bold move aimed at driving Nigeria closer to a cashless economy, the Central Bank of Nigeria (CBN) has imposed a daily transaction...
Business
Nigeria Waives Import Duties on Gas Equipment
In a bold move to boost Nigeria's gas utilization sector, the Nigeria Customs Service (NCS) has announced a zero-duty policy for imported machinery and...
Business
ECOWAS Sets 2027 Target for Launch of Single Currency, ECOWAS
The Economic Community of West African States (ECOWAS) is gearing up to launch its long-awaited single currency, ECO, with a target date set for...
Business
MTN’s N200 Billion Monthly VAT Sparks Reform Debate
MTN Nigeria pays over N200 billion in Value Added Tax (VAT) every month, according to Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy...
Business
Congo Accuses Apple of Covering Up War Crimes with ‘Blood’ Minerals
The Democratic Republic of Congo (DRC) has launched criminal complaints against tech giant Apple, accusing the company of indirectly supporting war crimes through its...
Business
Senate Moves to End Dollar Usage in Nigeria, Seeks to Strengthen Naira
The Nigerian Senate has initiated a significant move to reclaim the country's monetary sovereignty. A new bill that prohibits the use of foreign currencies...