Business - Page 111

CBN Directs Bank To Stop Implementation Of 0.5% Cybersecurity Levy On Transactions

The Central Bank of Nigeria (CBN) has rescinded its recent directive regarding the collection and remittance of the cybersecurity levy, mandated under the Cybercrime Prevention and Prohibition Amendment Act of 2024. The

Emmanuel Ochayi

6 months ago

Business·Latest News

How Dangote, BUA, 6 Others Suffer Forex Losses Of N627bn In Q1 2024

In a portrayal of economic turbulence, eight Nigerian manufacturers, including industry giants like Dangote, BUA, and Lafarge, faced a collective forex loss totaling N627.7 billion in the first quarter of 2024. This

Emmanuel Ochayi

6 months ago

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·Latest News·Oil & Gas

NNPC: Oil Production Nears 1.7mbpd Amid Infrastructure Challenges

In an engagement with stakeholders in Lagos, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), highlighted strides towards enhancing Nigeria’s oil production. From April’s 1.28

Emmanuel Ochayi

6 months ago

Nigerian Govt's Suspension Of Taxes On Food Imports Will Stabilise Prices - NACCIMA

Business·Latest News

NACCIMA Commits To Addressing Nigerian Exporters’ Challenges In Chinese Market

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has pledged commitment to fostering economic ties and addressing challenges faced by Nigerian exporters in the Chinese market. NACCIMA made

Victor Ezeja

6 months ago

Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

Business·Latest News·World News

Just In: Court Denies Bail For Binance Executive Amid Money Laundering Charges

The Federal High Court in Abuja has dismissed the bail application of Tigran Gambaryan, a detained executive of Binance, following opposition from the Nigerian government. Gambaryan, who serves as the head of

Emmanuel Ochayi

6 months ago

Business·Latest News·Markets

Customs Duty Exchange Rate Hits N1530/$ Amid Naira Depreciation Continues

In a development impacting import economics, the Nigerian Customs Service (NCS) has adjusted its exchange rate for duty collections to N1530/$, up from N1492/$, reflecting a direct response to the naira’s depreciation.

Emmanuel Ochayi

6 months ago

Just In: Fire Outbreak At NNPC Terminal In Lagos

Business·Latest News

Just In: Tension As Fire Gut NNPC Terminal In Lagos

Early this Friday morning, fire engulfed the newly rebranded NNPC Terminal on Kayode Street, Marine Beach, Apapa, Lagos State. Eyewitnesses described a massive explosion around 11 am, prompting frantic efforts to contain

Emmanuel Ochayi

6 months ago

AMA News·Business·Technology

Yango Demonstrates Commitment to Africa Technology Growth and Entrepreneurship Empowerment at CEO Africa Forum 2024

Yango Marks Its Second Attendance at the Africa CEO Forum as the Largest Ride-Hailing Player on the Continent by Country Footprint. With Six Years in Africa, Yango Continues to Revolutionize Everyday Tech

Prime Business Africa

6 months ago

Enugu Women, Hair Stylists Cry Out Over Soaring Prices Of Hair Extensions

Business·Latest News

Demand For Hair Extensions Dips As Prices Rise In Enugu

The high cost of hair extensions has led to significant drop in demand by customers who now seek alternative cheaper brands.

Oge Ndubuisi

6 months ago

AMA News·Business

Djibouti Forum wraps up with promising agreements, optimism about economic prospects

DJIBOUTI City, Djibouti – 17th May 2024 -/African Media Agency(AMA)/- The inaugural Djibouti Forum brought together nearly 400 delegates, including international institutional investors collectively overseeing a staggering $2.5 trillion in assets. Describing the forum

Prime Business Africa

6 months ago

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Business - Page 111

CBN Directs Bank To Stop Implementation Of 0.5% Cybersecurity Levy On Transactions

How Dangote, BUA, 6 Others Suffer Forex Losses Of N627bn In Q1 2024

NNPC: Oil Production Nears 1.7mbpd Amid Infrastructure Challenges

NACCIMA Commits To Addressing Nigerian Exporters’ Challenges In Chinese Market

Just In: Court Denies Bail For Binance Executive Amid Money Laundering Charges

Customs Duty Exchange Rate Hits N1530/$ Amid Naira Depreciation Continues

Just In: Tension As Fire Gut NNPC Terminal In Lagos

Yango Demonstrates Commitment to Africa Technology Growth and Entrepreneurship Empowerment at CEO Africa Forum 2024

Demand For Hair Extensions Dips As Prices Rise In Enugu

Djibouti Forum wraps up with promising agreements, optimism about economic prospects

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