Business

THE Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against…

FINANCE Minister and coordinating Minister of the Economy, Olawale Edun, has charged the new board of directors of the Asset Management Corporation of Nigeria (AMCON) to speed up debt recoveries. The minister gave the charge on Wednesday…

President Bola Tinubu has appointed Shamsedeen Ogunjimi as the new Accountant General of the Federation (AGF). The announcement, made on Tuesday, March 4, 2025, confirms that Ogunjimi will officially assume office on March 7, 2025,…

The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank not to panic following a court order ordering forfeiture of the bank shares to the Federal Government. A statement signed by Acting Director, Corporate…

A 2.5 million eggs per-day production poultry farm is to be built in Nigeria by the China Communications Construction Company (CCCC). This is one of the major highlights of the ongoing visit led by the Director-General of the…

The federal government has received a commitment from a Chinese firm, China National Chemical Engineering International Corporation Ltd (CNCEC), to support the development of the $20 billion Ogidigben Gas Project in partnership with…

Amidst the nation's dwindling economic base, there appears to be renewed hope in the horizon as the Nigeria Customs Service has announced a 90.4 percent increase in its revenue generation in 2024. The Comptroller General of the Nigeria…

Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period. The decrease in allocation to these…

The Federation Account Allocation Committee has shared a total sum of N656.602 Billion April 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué…

A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve depletion.…