JUST IN: House of Reps blocks CBN’s mass retirement plan, probe N50billion payoff
The House of Representatives has intervened in the Central Bank of Nigeria’s (CBN) planned mass retirement of over 1,000 staff,. The Green Chambers has suspended the…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
JUST IN: Tax reform bills won’t harm north, no plan to scrap agencies – Presidency
The Presidency has clarified that the proposed Tax Reform Bills do not recommend the scrapping of prominent agencies such as TETFUND, NASENI, or NITDA. According to…
Minimum wage: Labour ground activities in four states
At least three states in Nigeria, including the Federal Capital Territory, experienced epileptic economic activities on Monday as members of the Nigeria Labour Congress and the…
BREAKING: Fire Razes Shops At Damaturu Market
An early morning fire outbreak has razed the popular “Bayan Tasha” market in Damaturu, Yobe state capital. The inferno, which broke out in the early hours…
JUST IN: Ohanaeze Ndigbo supports Tinubu’s tax reforms bill
Ohanaeze Ndigbo, the apex socio-cultural organization representing the Igbo people, has expressed its unequivocal endorsement of President Bola Ahmed Tinubu’s proposed Tax reform bills. The group…
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Fire guts Trademore market in Abuja [VIDEO]
A devastating fire swept through the only market in Trademore Estate, Lugbe, Abuja in the early hours of Monday, leaving traders and residents grappling with significant…
BREAKING: FG begins N50 electronic levy deductions from Opay, Moniepoint, others’ users
The federal government has commenced N50 electronic levy deductions from transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint,…
After 65 years, Swiss multinational exits Nigeria, sells Lafarge Africa for $1 billion
After more than six decades of operations in Nigeria, Swiss multinational Holcim has announced its decision to exit the country. Holcim, a global leader in innovative…
CBN Set To Retire 1,000 Staff Before End of 2024, Offers N50 Billion as Payoff
The Central Bank of Nigeria is set to retire at least 1,000 of its workforce before the end of December 2024, Daily Trust reports. Sources at…
JUST IN: NNPCL reduces petrol price to N1030/l for marketers
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has revealed that the Nigerian National Petroleum Company Limited (NNPCL) has reduced its price for the…