In a move aimed at bolstering the foreign exchange market, the Central Bank of Nigeria (CBN) has given the nod for the sale of $10,000 to each Bureau De Change (BDC) at the rate of N1,251/$1. This development was communicated through a circular directly addressed to the BDCs by...
President Bola Tinubu emphasized Nigeria's commitment to fighting corruption and fostering a conducive business environment during the Nigeria-Qatar Business and Investment Forum in Doha. He urged Qatari investors to report any instances of bribery by Nigerian government officials and assured them of decisive action against corruption.
President Tinubu reiterated his...
The Nigerian Electricity Regulatory Commission (NERC) has said that in second quarter 2019, international customers owed Nigeria electricity bills totally N11.17billion.
The commission’s second quarter report noted that in the period under review, the customers did not make any payment to the Nigerian Bulk Electricity Trading (NBET) Plc and Market...
The Lagos State Commissioner for Tourism, Arts and Culture, Pharmacist (Mrs.) Uzamat Akinbile-Yusuf, a Nigerian comedian and actor, Atunyota Alleluya Akpobome, popularly known as Ali Baba and other stakeholders in the Tourism and Entertainment industry will, on Wednesday, May 20, 2020, meet to discuss issues bordering on revamping the...
The Dangote Petroleum Refinery in a ground breaking move announced a drastic reduction in diesel prices, plummeting from N1200 to N1000 per litre. This comes after the refinery had already slashed prices from N1600 to N1200 just three weeks ago, marking a significant 30% decrease in market rates.
The refinery's...
Binance executive, Tigran Gambaryan is currently in court, while Anjarwalla remains absent, likely evading authorities. Today's court session is crucial as it will allow the defendants to enter their plea.
According to the charges, the first count alleges that the defendants, in their operations on the Binance platform, failed to...
Fidelity Bank Plc has remained a leading financial institution among Micro Small Medium Enterprises (MSMEs) for deposit transaction, credit facilities and overall customer service experience, recording significant improvements in a recent survey.
The bank which has grown its reputation for supporting small business, moved up four places to reach second...
The BUA Group has signed a partnership deal with CIMC ENRIC, to establish a 700-ton-per-day mini LNG project in Nigeria.
The signing ceremony, according to a statement issued by BUA, took place yesterday at the company’s headquarters in Lagos, Nigeria.
The strategic partnership marked a significant milestone in BUA Group’s expansion...
Electricity Distribution Companies have stated that tariff will increase from July 1, 2023.
In statements sent to respective consumers on Sunday night, the DisCos stated that the review was due to the fluctuation of the naira in the exchange rate market.
This statements which were worded in similar fashion included that...
