Business News

Elon Musk’s Net Worth Surpasses $400 Billion Amid SpaceX Valuation Surge

World’s Richest Man Adds $50 Billion Following Insider Shares Deal Elon Musk, the CEO of Tesla and SpaceX, has seen his net worth soar...

Dangote Refinery Exports First PMS Shipment to Cameroon

Milestone Marks New Era in African Energy Independence and Regional Trade Dangote Refinery, the largest oil refinery in Africa, has marked a historic milestone...

Naira Depreciates to N1,668 in Parallel Market Amid Marginal Gains in Official Exchange Rate

The Naira experienced contrasting movements in the foreign exchange market yesterday. In the parallel market, it depreciated to N1,668 per dollar, a significant drop...

Understanding Tinubu’s Tax Reform For Nigeria

  Proposed VAT changes could shift the balance between federal and state governments. What the reforms mean for businesses and the everyday Nigerian. In recent...

Ensure Equity, Transparency in Tax Reform Deliberations– Atiku Urges Lawmakers

Former VP Stresses Inclusivity in Public Hearing Process Nigerians Demand a Fair Fiscal System Amid Tax Reform Debate Calls for NASS to Align...

Nigerian Banks Turn to Rights Issues to Meet CBN’s New Capital Base Requirements

  UBA and FBN Holdings Lead the Charge as Stanbic IBTC, Others Follow Strategic Moves by Majority Shareholders to Retain Control Highlighted As Nigerian banks...

Nigerian Equity Market Gains N77bn as All-Share Index Inches Closer to N60tn Milestone

  Positive Sentiment Drives Trading Volume, Led by Financial Sector Analysts Predict Potential Reversal in Market Momentum Amid Profit-Taking and MPC Outlook The Nigerian equity...

Electricity Subsidy Costs Soar to N1.91tn in 2024, Discos Report Record Revenue

  Subsidy Obligations Increase by 204% Amid Tariff Adjustments and Rising Generation Costs Distribution Companies Exceed Revenue Targets, Collect N1.23tn in Nine Months of...

CBN Extends BDC Recapitalisation Deadline to June 2025

  BDC Operators Granted Six-Month Grace Period Amid Compliance Challenges New Capital Requirements Introduced to Reform Foreign Exchange Market The Central Bank of Nigeria (CBN)...

Pastor Adeboye Credits Divine Intervention for Nigeria’s Exchange Rate Stability, Warns of Potential Naira Collapse

Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), has attributed the stability of Nigeria's exchange rate to divine intervention,...

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