Business
Stay informed about market trends, finance, entrepreneurship, and economic updates.
Importers ditch trade for real estate, e-hailing ventures
…Blame high duty, low purchasing power, others By Steve Agbota Faced with crippling import duties, dwindling consumer purchasing power and high exchange rate,...
FX buffers rise as offshore inflows lift reserves above $40bn
…Naira outlook looking positive –Analysts By Chinwendu Obienyi Nigeria’s foreign exchange reserves rose for the fifth consecutive week to hit $40.16 billion as...
Digital breaches push bank account theft risk up 56%
• CBN threatens tough sanctions for security failures By Chinenye Anuforo and Chinwendu Obienyi A silent crisis is unfolding across Nigeria’s banking...
Nigeria suffers 9.8m-litre daily shortfall in petrol refining
By Adewale Sanyaolu Nigeria’s domestic refining of Premium Motor Spirit (PMS), popularly known as petrol, has reportedly fallen short by about 9.8 million...
FIRS rolls out e-invoicing, electronic fiscal system for large taxpayers
From Adanna Nnamani, Abuja The Federal Inland Revenue Service (FIRS) has commenced an electronic invoicing solution (e-invoicing) aimed at transforming digital tax administration...
Building resilient banks as recapitalisation gains more ground
By Mustafa Biodun Monetary Policy Committee (MPC) members recently acknowledged the continued stability in the banking system, evidenced by the stable Financial Soundness...
9mobile rebrands as T2, declares bold new future
By Chinenye Anuforo Telecom operator 9mobile has announced a transformation of its brand identity and business strategy, unveiling itself as T2, a bold,...
NNPC sacks pump attendant, suspends station manager over fraud attempt in Ikorodu – The Sun Nigeria
From Adanna Nnamani, Abuja The Nigerian National Petroleum Company (NNPC) Retail Limited has dismissed a pump attendant caught in a viral video attempting...
