Business News

The Economic Council of West African States (ECOWAS) says the regional bloc will adopt a single currency starting with selected states in 2020. The revelation was made on Monday at an ECOWAS seminar presided over […]

Teleology Holdings, the new owners of 9mobile, have withdrawn from further participation in the 9mobile project, SaharaReporters can exclusively report. Teleology acquired 9mobile, known then as Etisalat, in November 2018 — about eight months after […]

Babatunde Fowler, Executive Chairman of the Federal Inland Revenue Services (FIRS), says the tax collector received N2.467trillion from the oil sector in 2018. He disclosed that the body earned N2.85trillion from non-oil sources as well. […]

The Association of Foreign Airlines and Representatives of Nigeria (AFARN) has disclosed that Nigeria is losing billions of naira in revenue to neighbouring African countries in cargo flights due to multiple taxation, improper planning and inadequate […]

Barely three weeks after Idris Yakubu, Managing Director of the Nigerian Aviation Handling Company (NAHCO) Plc, was eased out of office, one of its major shareholders, Lufthansa Airlines, has sold its shares in the company. […]

Consequent upon the directive of Justice Ayotunde Faji of the Federal High Court, Lagos asking Ecobank Nigeria Limited to bring to court all his witnesses in its legal tussle with the Honeywell Group of Companies […]

The Human and Environmental Development Agenda Resource Centre (HEDA), a non-governmental organisation, has invoked the Freedom of Information (FoI) Act on the Central Bank of Nigeria (CBN), asking for detailed information on the alleged resolution […]

The December 2018 edition of the Purchasing Managers Index report published by the Manufacturers’ Association of Nigeria (MAN) has revealed that textile apparel and footwear came tops on improvement in production. The report also showed […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday left the Monetary Policy Rate (MPR) unchanged at 14%. It is the 15th consecutive time that the MPR, the determinant of […]