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BusinessNews
Insecurity Shut 60% of North-East Manufacturers Down – MAN
The Manufacturers Association of Nigeria (MAN) has sounded the alarm on the devastating impact of insecurity on businesses, revealing that 60% of its...
BusinessNews
Nigeria’s Oil Output Increases by 4% in April – OPEC Report
Amidst global market fluctuations and internal challenges, Nigeria’s oil production grew, according to the latest reports from the Organisation of Petroleum Exporting Countries...
BusinessNews
CBN Raises Import Duty as Naira Hits New Low Against The Dollar
The Nigerian Naira (NGN) further depreciated against the US Dollar on Monday, reaching a new low of 1,515 Naira to a dollar in...
BusinessNews
Nigeria’s NCS signs MoU with China’s GACC to foster bilateral trade
The Nigeria Customs Service (NCS) has signed a Memorandum of Understanding (MoU) with the General Administration of Customs of the People’s Republic of...
BusinessNews
Enugu Governor Peter Mbah Signs N100bn Deal With Company Registered 5 Days Ago
The Enugu State Government, led by Governor Peter Mbah, has signed a N100bn deal with Pragmatic Palms Limited, a company registered about five...
BusinessNews
U.S. Judge Dismisses Elon Musk’s X Corp Lawsuit Against Israeli Data-Scraping Firm
Elon Musk’s X Corp, formerly known as Twitter, faced a setback as a U.S. District Judge in San Francisco dismissed its lawsuit against...
BusinessNews
Canada Fines Binance Over $4 Million for Breaching Money Laundering Laws
Canada’s anti-money laundering agency, FINTRAC, has levied a hefty fine of nearly C$6 million ($4.38 million) against cryptocurrency exchange Binance. The penalty stems...
BusinessNews
Shell Nigeria Paid $1.09bn Taxes and Royalties to FG In 2023
Shell Nigeria’s tax contributions to the Nigerian government experienced a $27 million decrease in 2023, as reported in the company’s 2023 Briefing Notes...
BusinessNews
FCTA Shuts Down School, Hotel, and Businesses for Evading Taxes
The Federal Capital Territory Administration (FCTA), along with the FCT Internal Revenue Service (FCT-IRS), has closed several establishments in the capital city for...
BusinessWorld
China’s Imports Surge by 8.4% in April, Exceeding Expectations
China’s customs agency revealed a robust performance in April, with imports exceeding expectations, particularly from the U.S., while exports remained steady, according to...
BusinessNews
Petrol Supply will Improve, Stop Panic Buying – NNPC Promises
Despite ongoing nationwide fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) Limited has once again cautioned motorists against panic buying petrol, known as...
BusinessNews
Over 200 jobs at risk as Microsoft is set to close its Lagos Innovation Centre
Microsoft may be set to close its African Development Centre (ADC) located in Lagos, raising concerns about the fate of approximately 200 jobs...
