Business

The Central Bank of Nigeria (CBN) decided to punish MTN Nigeria and four banks for forex infractions after a painstaking investigation spanning 30 months, CBN Governor Godwin Emefiele has said. …

The Central Bank of Nigeria (CBN) is not worried by MTN’s denial of alleged illegal repatriation of $8,134,312,397.63 it levelled against the mobile giant. An official, who was reacting to …

Equity transactions on the Nigerian Stock Exchange (NSE) ended on a negative note on Friday with the market indices dropping further by 0.68 per cent. The market capitalization shed N87 …

A woman walks past a Costa Coffee in Loughborough, Britain Coca-Cola Co has agreed to buy the world’s second largest coffee chain Costa from Britain’s Whitbread Plc for $5.1 billion …

MTN Nigeria yesterday rejected the allegation that it repatriated $8.1 billion illegally. The Central Bank of Nigeria (CBN) asked the company to refund the cash. The telco insisted that all …

MTN Nigeria is to refund $8,134,312, 397.63 it illegally repatriated to the Central Bank of Nigeria (CBN), the apex bank said yesterday. The CBN said it had imposed N5.87 billion …

The National Bureau of Statistics (NBS), said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter. The NBS disclosed this in its …

Trading activities on the Nigerian Stock Exchange (NSE) sustained a positive growth on Friday, with Dangote Cement leading the gainers’ table for the second consecutive day. According to reports by …

United States (U.S.) crude oil imports from Nigeria in July plunged to its lowest level in three years and are continuing to slip, as Asian and European buyers increase purchases, …

Banks are shutting down Bureau De Change (BDC) accounts over the demand that the operators pay taxes on their transactions turnover. The lenders are writing to BDCs and implementing a …