MTN Nigeria Increases Annual Salaries to N54 Million for Board Chairman and Directors
MTN Nigeria Communications Plc has announced an upward revision of the annual remuneration for its Board Chairman and directors, effective...
Nigeria’s Share of Global FX Reserves Declines to 0.26% Amid $12.3 Trillion Global Reserve Surge
Global foreign exchange (FX) reserves surged to $12.3 trillion by the end of 2023, marking a 3.5% increase from the...
Nigeria’s Share of Global FX Reserves Declines Amidst Rising Global Trends
Global foreign exchange reserves have reached a new milestone, hitting $12.3 trillion at the end of 2023, marking a 3.5%...
Naira Maintains N1500/$ Rate in Black Market Amid High Inflation
The naira has sustained its position within the N1500 per dollar range on the parallel market, despite the U.S. dollar...
Inflation Erodes N7.6 Trillion from Nigerian Consumer Spending
Nigerians are experiencing increased spending with diminished returns as inflation has wiped out approximately N7.61 trillion from consumer expenditure in...
Nigeria’s Forex Spending Drops to $1.5 Billion Monthly Post Tinubu’s FX Reforms
In a significant revelation, the Presidency has disclosed that Nigeria’s expenditure to defend the Naira plummeted to $1.5 billion per...
GTBank Initiates Legal Action Against Bank Chiefs Over N17bn Debt
In a case filed as FHC/L/CS/911/2024 at the Federal High Court, Lagos division under Justice CJ Aneke, GTBank has...
Fidelity Bank Initiates N127.1 Billion Capital Raise to Bolster Expansion Plans
Fidelity Bank Plc has announced its ambitious plan to commence a capital raise totaling N127.1 billion through a combination of...
Nigeria’s Revenue Agencies See 131% Surge in Collection Costs in Q1 2024
Nigeria's top revenue-generating agencies—the Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC)—experienced...
FG Discharges Tigran Gambaryan and Nadeem Anjarwalla from FIRS Tax Evasion Case Against Binance
The Federal High Court of Nigeria has discharged Tigran Gambaryan and Nadeem Anjarwalla from the tax evasion case filed by...
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FG Introduces Green Tax on High-Engine Vehicles from July 1 to Promote Cleaner Transport
Nigerian Breweries Warns of FX Risks and Higher Inflation from Middle East Instability
Naira Softens at N1,351 Against Dollar as Parallel Market Premium Widens
CBN Warns Public of Fraudulent Links Targeting Bank Accounts.
FG Takes Governors to Supreme Court Over Local Government Allocations
