business
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Inflation Soars to 29% Due to Food and Forex Challenges
Soaring food prices and foreign exchange pressures may have pushed up push inflation rate beyond 29 per cent, it was learnt yesterday. The National Bureau of Statistics (NBS) will today…
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Nigerian Banks Propel Stock Market to Second-Highest Global Gains in 2024
Nigerian equities are beating all peers in the Europe, Middle East and Africa region in 2024 as pension funds and institutional investors pile into stocks on expectations of record profits…
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Cadbury Board Initiates Sale of 402 Million Shares Due to $7.7 Million Debt Challenge
Cadbury Schweppes Overseas Limited, controlled by Mondelēz International Inc, is a major investor in Cadbury Nigeria with 74.97 percent stake. In a statement on Tuesday, Cadbury Nigeria said it borrowed…
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FIRS Instructs Banks to Implement N50 Stamp Duty on International Transactions Starting January 2021
The Federal Inland Revenue Service (FIRS) has directed banks to commence the deduction of the sum of N50 as electronic money transfer levy (ETML) from foreign currency (FCY) transactions. The…
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NNPCL Assures No Intention to Raise Petrol Prices
The Nigerian National Petroleum Company Limited (NNPCL) says there is no imminent increase in the cost of Premium Motor Spirit (PMS) commonly known as petrol. Some Nigerians had expressed fear…
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JSM Affirms Restructuring Plans in Nigeria, Denies Ending Operations
JSM, which was inaugurated on September 23rd, 2017, by the former Vice President of Nigeria, Professor Yemi Osinbajo, has become the market leader with its top-quality syringes in the country,…
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