Friday, August 28, 2026
CBN revokes Heritage Bank’s operating licence over financial stability concerns
Business a.m. The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc’s banking license. The...
Read moreDetailsDana Air mulls return, new fleet, talks up fresh investment
As CEO meets aviation minister L-R: Jacky Hathiramani, chief executive officer, Dana Air; Festus Keyamo, minister of aviation and aerospace...
Read moreDetailsNigeria secures $500m World Bank loan to fund DisCos
Business a.m. The federal government has secured a $500 million loan from the World Bank to finance the country’s electricity...
Read moreDetailsTax reform committee pushes N800/$ customs import duty rate
The Presidential Committee on Fiscal Policy and Tax Reforms has put forward a proposal that the exchange rate for customs...
Read moreDetailsOil slides on concerns of slowing demand, market awaits U.S stockpiles report for further direction
Business a.m. Oil prices eased on Thursday, as robust U.S. economic data signaled the likelihood of ongoing higher borrowing costs,...
Read moreDetailsShell companies step up NDDC Support, doubling remittances to $142m in 2023
Business a.m. Shell Nigeria’s subsidiaries, Shell Petroleum Development of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited...
Read moreDetailsOil trades higher as optimistic demand outlook offsets concerns over OPEC+ gathering
Business a.m. Oil prices climbed higher on Wednesday, extending recent gains as expectations of OPEC+ maintaining production cuts collide with...
Read moreDetailsPresident Tinubu signs bill restoring ‘Nigeria, We Hail Thee’ as national anthem
President Bola Tinubu has assented to the National Anthem Bill 2024 reverting to the old national anthem, “Nigeria, we hail...
Read moreDetailsBanks under fire as House of Reps seeks answers on non-remittance of education taxes
Business a.m. The House of Representatives Committee on Tertiary Education Trust Fund (TETFund) has called upon commercial banks and their...
Read moreDetailsNGX domestic, foreign transactions plunge 36% to N346.23bn in April 2024Â
Business a.m. Domestic and foreign portfolio transactions on the Nigerian Exchange Limited (NGX)  plunged 36 percent in April 2024, as...
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