Business
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FG raises N501bn from bond market to settle GenCos’ debt
The Federal Government of Nigeria has initiated measures to address the substantial debts owed to power generation companies (GenCos) by…
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BUA Cement to expand Sokoto plant with $240m investment
BUA Cement Plc has announced an ambitious plan to construct a state-of-the-art cement production line with a capacity of 3…
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Naira Slides Despite $46bn FX Reserves as Global Tensions Rattle Nigeria’s Currency
The Nigerian naira has recently experienced a depreciation against the US dollar, despite an increase in external reserves that are…
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LIRS Releases Public Notice on New Tax Law, Banks, Family Members, Others Will Be Use for Collection
The Lagos State Internal Revenue Service (LIRS) is set to enforce the Nigeria Tax Administration Act (NTAA) 2025 to recover…
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Stock Market Ends Week Lower, Market Capitalisation Decline
The equities market in Nigeria closed the week with a decline, as reflected in the NGX All-Share Index (ASI) and…
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Bismarck Rewane Believes Naira Is Undervalued by 11%, Shares Correct Exchange Rate
Nigerian economist Bismarck Rewane has publicly stated that the current exchange rate of the naira does not reflect its true…
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