Business

Tinubu To International Development Financiers: Regard Africa As Destination For Growth and Prosperity

Nigeria, with $2.1bn active investment, holds Africa's second-largest IFC portfolio as at April, 2024, Tinubu said.

4 months ago

Nigeria, Iraq Drive OPEC’s Oil Output Higher in May With 100,000 bpd

OPEC oil production rose in May. Nigeria and Iraq increased output by 100,000 bpd, offsetting voluntary cuts by other members.

4 months ago

CBN Dismisses ‘False’ Reports Of Licence Withdrawal From Three Banks 

The Central Bank of Nigeria has dismissed claims that it plans to revoke the licences of three more banks.

4 months ago

Toyota Headquarters Raided by Japanese Transport Ministry Following Certification Irregularities

Japanese transport ministry officials launched an on-site investigation at Toyota Motor's headquarters on Tuesday.

4 months ago

South Korea’s President Yoon Calls for Stronger Cooperation with Africa on Minerals, Trade

South Korea pledged $10 billion aid to Africa for the next six years.

4 months ago

Presidential Tax Reforms Committee Proposes Reduction of Revenue Collection Costs to 1%

The Presidential tax committee is said to be working to alter existing VAT sharing formula between federal and state governments.

4 months ago

Transparency in Debt Management Crucial For Trust Building, Says CBN Governor Cardoso

Cardoso said publishing the Debt Management Strategy shows government's commitment to fiscal strategy, enhancing transparency and accountability in debt management.

4 months ago

Dangote Expects To Join World’s Top 120 Companies with $30bn Revenue by End of 2024

"This refinery is going to change the game...(it) will also help in terms of reducing CO2 emissions," says Dangote.

4 months ago

IATA: Airline Passengers to Face Potential Price Hikes

IATA on Monday said airline passengers can expect to pay more for their next flight.

4 months ago

CBN Revokes Heritage Bank’s Licence, Cites Financial Stability Concerns

CBN has revoked Heritage Bank's licence, saying its failure to improve financial performance is a threat to Nigeria's financial stability.

4 months ago