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Business
Financial crimes: SEC partners CBN, EFCC to track, freeze illicit digital…
The Securities and Exchange Commission (SEC) has partnered with the Central Bank of Nigeria (CBN) and the Economic and Financial…
FIRS directs banks to deduct withholding tax from short-term securities…
The Federal Inland Revenue Service (FIRS) has directed banks to deduct withholding tax from all interest payments on short-term…
Nigerian States’ Revenue nearly doubles after fuel subsidy removal- BudgiT
The total revenue of Nigerian states has nearly doubled compared with the 2023 fiscal year, largely due to higher allocations from…
FIRS orders 10% withholding tax on short-term securities investments
The Federal Inland Revenue Service (FIRS) has announced that banks, stockbrokers, and other financial institutions are now…
Nestoil Group speaks on asset seizure, debt issue with lenders
Nestoil Group says the enforcement action against the company’s asset does not affect operations.
Earlier, police sealed…
CBN reacts to reports of disbursing $1.25bn to oil firms for fuel…
The Central Bank of Nigeria (CBN) has denied disbursing $1.25 billion to major oil sector operators for the importation of refined…
Nigeria’s high debt servicing a result of past borrowing –…
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the nation's heavy debt service costs are a…
Dangote Refinery mulls expansion from 650,000bpd to 1.4 million, sets…
Founder of Dangote Group, Aliko Dangote, has confirmed that the Dangote Petroleum Refinery is expanding its production capacity…
Nigeria’s crypto transactions hit $50bn in one year — SEC
The Securities and Exchange Commission (SEC) has revealed that Nigeria’s cryptocurrency market recorded transactions worth $50…
Dangote begins refinery expansion to 1.4mbpd
The Dangote Refinery has revealed plans to increase its production capacity from 650,000 barrels per day to 1.4 million barrels…