The inflation rate in Nigeria jumped in December to its highest level in more than three years , data released on Friday by the National Bureau of Statistics showed . Inflation stood at 15. 75 per cent in December...
Consequent upon the outlawing of stamp duty on electronic bank transfer by the Court of Appeal, the Federal Government, through the Finance Act 2020, has introduced Electronic Money Transfer Levy. Finance Act 2020, which was recently signed by President...
The price of leading cryptocurrency , Bitcoin, has reached a record $40, 000 just hours after it sold for $38, 000. The progress began in December 2020 when it broke the $19, 783 price it recorded in 2017.
First City Monument Bank (FCMB) has named a new managing Director following stepping aside of embattled Adam Nuhu. The new chief executive of the bank is Yemisi Edun. Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s...
Chinese State Councillor and Foreign Minister Wang Yi has cautioned Chinese companies operating in Nigeria to strictly obey the labour laws of the country as well as local customs. Wang, who is in Nigeria on a working visit, gave...
US President Donald Trump on Tuesday ordered a ban on Alipay , WeChat Pay and other apps linked to Chinese companies, saying they could route user information to the government in Beijing . The executive order is to take...
The Nigerian Electricity Regulatory Commission, on Tuesday afternoon , said it has not increased electricity tariff by 50 per cent. The Commission, in a statement , said such increment was not contained in the tariff order for electricity distribution...
Former Vice President Atiku Abubakar has given reasons as to why he sold off his shares in Integrated Logistics Services Limited (Intels). He accused President Muhammadu Buhari’s government of destroying his “legitimate business that employed thousands of Nigerians.”
Former Vice President of Nigeria , Atiku Abubakar , has sold off his shares in Integrated Logistics Services Limited . This was confirmed in a statement by his media aide , Paul Ibe , titled ‘ Atiku redirects his...
Bitcoin, the leading virtual currency, saw its price pass $30,000 on Saturday for the first time in just its latest record high. The first decentralised cryptocurrency surpassed $30,823.30 at 1313 GMT, according to data compiled by the Bloomberg news...