Airtel Africa plans to take out Nigerian minority shareholders

Airtel Africa Plc is in the verge of buying out Nigerian minority shareholders stake in the company. The company has already disclosed this plan to the Nigerian Exchange Limited, NGX…

Withdraw ‘impermissible conditions on Twitter’, SERAP tells Buhari

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently withdraw the impermissible conditions imposed on Twitter pending the final determination of the suit at the ECOWAS…

Agricultural outputs rise by N700bn amid worsening insecurity

The National Bureau of Statistics says total agriculture output in the second quarter of the year rose to N9.3tn from N8.6tn recorded in the first quarter. This resulted in an…

We’ve completed incorporation of NNPC as limited liability company – CAC

The Corporate Affairs Commission on Wednesday said it had completed the incorporation of Nigerian National Petroleum Company in line with the provisions of the Petroleum Industry Act. The commission’s Registrar-General,…

Naira exchanges 580 to the dollar

The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change operators who spoke to our…

More banks to publish lists of forex defaulters

There are indications on Saturday that more banks will publish names and account details of customers who purchased cheap forex from the banks for Business Travel Allowance and Personal Travel…

Why we’ll advise businesses to pay Sept VAT to FIRS – LCCI

Amid the dispute between the Federal Inland Revenue Service and the Rivers State Government over the collection of Value Added Tax and the order by the Court of Appeal directing…

UBA publishes names, account details of forex defaulters

The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it…

China declares all crypto transactions illegal

China’s central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.…

Naira will fall from N570/$1 to N400/$1 at black market if MASSIVE RUSH OF DOLLAR– CBN ex-deputy gov, Moghalu

A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, says the value of the naira will fall from N570/$1 to N400/$1 at the parallel market if there…