Business

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. Africa’s trade bank, based in …

The Federal Inland Revenue Services (FIRS) realised N2,529,615,174,601.25 as various taxes between January and June 2018, according to the agency’s revenue performance report for the first half of the year, …

The organised labour yesterday picketed MTN Lagos office and did same simultaneously across the country. It said it is in protest against the telco’s alleged anti-workers policies. Nigeria’s largest carrier …

The finance sector needs regulatory buffers to strengthen banks’ capacity to withstand shocks, Central Bank of Nigeria (CBN) Deputy Governor Edward Lamtek Adamu, has said. In his personal statement contained …

The Lagos State government yesterday unveiled an initiative, tagged: Lagos to the World, to showcase the activities of the state and attract more Foreign Direct Investment (FDI) to the state. …

Banks have suspended all cash withdrawals from overseas Automated Teller Machines (ATMs), except for customers whose cards are linked to domiciliary accounts funded locally. Banks have been encouraging travellers to …

U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world’s two biggest …

The Nigerian National Petroleum Corporation (NNPC) on Thursday said it has maintained commitment to repayment of cash calls arrears where about $1bn dollars of $5bn indebtedness has been settled. Its …

Federal Government will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, mining minister said on Wednesday, adding both foreign and local firms …

The Central Bank of Nigeria (CBN) is wooing importers of goods from China to use the Yuan instead of the dollar. The move supports  the bank’s effort to promote naira …