The Central Bank of Nigeria (CBN) has reduced the exchange rate used for the computation of import duties to N1,446.281/$. The latest cut is the eighth this month. The reduction…

Of the $15 billion startup investment flow to Africa since 2019, Nigeria got received close to 30 per cent, which amounted to $4.4 billion. Within the period, Kenya got $2.9…

Nigerians continue to pay more as the National Bureau of Statistics (NBS) reported, yesterday, that the average retail price of automotive gas oil (diesel) increased by 68.01 per cent in…

The International Monetary Fund (IMF) has stated that the challenges of import restrictions and foreign currency shortages in Nigeria and other African countries have continued to stifle businesses. In its Regional Economic…

The Chairman of Capital Hotels Plc (CHP), Ramesh Kansagra, said that the company has demonstrated significant improvement in its operations, recording an impressive revenue of N7.89 billion compared to N5.33…

The Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) said it is committed to boosting the bilateral trade volume of both countries to over $6 billion. The President, NICCI, Ishmael Balogun,…

MTN Nigeria Communications Plc has established an annual fee of N54.120 million for the Chairman of its Board of Directors for the fiscal year ending Dec. 31, 2024, and subsequent…