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Hardship: Customs suspends 25% penalty levy on ‘improperly imported…
The Nigeria Customs Service has suspended the 25% penalty levy earlier imposed on vehicles not properly imported into the country.…
US accuses Apple of monopolising smartphone market
A groundbreaking lawsuit has been filed by the US against Apple, alleging that the tech giant has monopolized the smartphone…
Nigeria earned biggest payment from Shell to governments in 2023
In 2023, Nigeria received the most payments from Shell, totaling $4.92 billion. This was the oil giant's largest payment to any…
Uganda set to add Abuja to its airline routes
The Ugandan government has sought expanded economic ties with Nigeria, stating that Abuja will soon be added to Uganda Airlines'…
Switzerland launches rate cuts for major Central Banks
The Swiss National Bank lowered interest rates on Thursday, becoming the first major central bank to do so after a prolonged…
FBN Holdings appoints five new Directors as Otedola takes over
With billionaire Femi Otedola as its new Chairman, First Bank of Nigeria Holdings Plc named two new non-executive directors for…
Turkey’s Central Bank hikes interest rate
Turkey's central bank hiked its benchmark interest rate on Thursday, resuming its strengthening cycle after one of the world's…
Reddit share sale values platform at $6.4bn
Reddit has set the price of its shares at the upper end of the marketed range, resulting in a valuation of the social media…
CBN clears $7bn forex backlogs
The Central Bank of Nigeria has declared that it has successfully resolved all valid foreign exchange backlogs, thereby reducing a…
Access Bank continues continental penetration, signs deal to acquire…
In yet another bold move to expand its frontiers continent wide, Access Bank Plc on Wednesday entered an agreement with the…