Business

Nigerian Regulator Mandates Clear Tariff Information, Simplified Bundles for Telecom Operators

NCC has mandated telecom operators to simplify tariffs, bundles, and promotions, ensuring clear, accurate information for subscribers.

2 months ago

Windfall Tax Could Overburden Nigerian Banks Amid CBN Recapitalisation Mandate, EFC Report Warns

A report warns that Nigeria's proposed 70% windfall tax conflicts with CBN’s recapitalisation plans, risking further banking sector pain.

2 months ago

Asian Stock Markets Plunge Amid Global Selloff and Recession Fears

Amidst worldwide worries, Asian stock markets dropped on Monday, with Japan's Nikkei 225 and Topix indexes plunging more than 10%.

2 months ago

CBN’s Non-Payment of FX Forwards Crippling Nigerian Companies, Says NACCIMA

NACCIMA President Dele Oye says the non-payment of FX forwards by the CBN has severely crippled companies, causing bankruptcy.

2 months ago

Saudi Arabia Leads OPEC Production Rebound, Output Up By 100,000 bpd

The Organisation of the Petroleum Exporting Countries pumped 26.70 million bpd in July, up from 26.60 million bpd in June

2 months ago

Otedola, Elumelu’s Support For Windfall Tax Does Not Reflect Banks’ Collective Stance, Says Chike-Obi

Personal views by Otedola and Elumelu don't represent banks' collective position on windfall tax, Bank Directors Association of Nigeria Chairman,…

2 months ago

Dangote Refinery Set to Transform Global Crude Flows At Full Capacity, Says Report

S&P has reported that according to tracking data, Dangote refinery will transform global crude flows when it reaches full capacity

2 months ago

Nigeria’s Sovereign-Risk Premium Hits Eight-Month High, Dollar Bonds Underperform Amid Protests

The NGX showed mixed performance this week, with market capitalisation declining on Thursday but rebounding on Friday amid the unrest.

2 months ago

Apple Beats Expectations With Strong iPhone Sales, Forecasts Further Gains

Apple's iPhone sales have exceeded expectations, driven by strong demand for iPhone 15, with revenue growth forecast in Q4.

2 months ago

OPEC+ Set To Keep Oil Production Strategy Steady Amid Market Uncertainty, Nigeria Struggles to Meet Quota

OPEC+ has reaffirmed its commitment to existing output cuts, with the option to adjust the phase-out based on market conditions.

2 months ago