GSK, producers of panadol shut down operations in Nigeria after 51 years
GlaxoSmithKline Consumer Nigeria Plc has announced plans to shut down its operations in the country. This was disclosed in a press statement issued on Thursday and…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Meta starts blocking news, over law on paying publishers
Meta Platforms (META.O) has begun the process to end access to news on Facebook and Instagram for all users in Canada, it said on Tuesday, in response to…
Fidelity Bank’s Stock Upgraded; excites investors
The stock category of Fidelity Bank Plc has been reclassified and upgraded by the Nigerian Exchange Limited (NGX) in the equity market. Fidelity Bank shares as…
BREAKING:Tinubu Appoints Jim Obazee, EX-FRCN Boss to Probe CBN
Tinubu Appoints Jim Obazee, EX-FRCN Boss Who Almost Sacked Pastor Adeboye From RCCG To Probe CBN President Bola Tinubu has appointed a Special Investigator to probe…
Fidelity Bank reclassified as medium price stock
Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from…
Agusto & Co. affirms Fidelity Bank’s ‘A’ rating, with a Stable Outlook
Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection…
Africa & World
JUST IN: UK Increases Visa Fees, Health Surcharge, Nigeria Affected
United Kingdom Prime Minister Rishi Sunak has announced an increase in visa application fee paid by immigrants. He also said the surcharge paid for the state-funded…
Nigerians Lament over effects of 7.5% VAT on petrol prices
Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax on the price of premium motor spirit, otherwise known…
Breaking: CBN Takes Historic Step by Abolishing Multiple Exchange Rate Window
The Central Bank of Nigeria (CBN) has confirmed changes in the foreign exchange market. In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets,… The…
Flash Back: Nigeria’s NNPC spent $10 billion on fuel subsidy in 2022 paid to WHO
Nigeria’s NNPC limited led by the former president Muhammadu Buhari spent 4.39 trillion naira ($9.7 billion) on a petrol subsidy last year, latest data from the…