Business

The Nigerian National Petroleum Company Limited (NNPC) has lowered the ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N890 to N825 per litre, reflecting the heightened competition in Nigeria’s downstream…
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President Bola Tinubu has kicked against the recommendation of the National Economic Council (NEC) to withdraw the tax reform bills generating controversy. At the 144th meeting of the NEC, presided over by Vice President Kashim…
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The Federal Executive Council (FEC) has approved the sale of Crude oil to Dangote Refinery and other local Refineries in naira instead of dollars. This was disclosed to State House Reporters by the Chairman of the Federal Inland Revenue…
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…Say BEDC Officials Manipulated Systems, Decry Monthly Charges In Excess of N7m Hoteliers and owners of business concerns in the ancient city of Sapele, headquarters of Sapele local Government are crying out to the government and well…
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The Central Bank of Nigeria (CBN) has sacked the Boards of Directors of Union, Keystone, Polaris, and Titan Banks. The boards dissolution is with immediate effect. Sources at the apex bank told The Star that the decision to sack the…
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The Special Central Bank of Nigeria (CBN) Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, over the acquisition of Union Bank of Nigeria Plc by Titan Trust Bank (TTB) Limited. The summon was made…
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Federal Government said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola…
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The naira, on Friday, November 3, 2023, continued its rebound against the dollar as it exchanged at N950 in the parallel market. This represents a N170 gain or a 15.18 per cent appreciation of the local currency compared to the N1,120…
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Ekiti State Governor, Biodun Oyebanji has presented a budget estimate of N159,572,482,915.61 Billion Naira, christened “Budget of Sustainable Growth and Development” to the State House of Assembly for the 2024 fiscal year. The 2024…
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The national grid has suffered a new total system collapse. Electricity distribution companies (DisCos), in different notices to customers, stated that the national grid collapsed at about 12.40 a.m. on Thursday, September 14, 2023. …
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