BusinessPost

By Adedapo Adesanya The value of the Nigerian Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, January 27 by N17.73 or 1.25 per cent to close at N1,401.22/$1, in contrast to the previous day’s value of

By Adedapo Adesanya Crude oil appreciated by 3 per cent on Tuesday as a winter storm in the United States affected crude production and drove US Gulf Coast crude exports to zero over the weekend. During the session, Brent crude futures went up by $1.98 or 3.02 per cent to $67.57

By Modupe Gbadeyanka Steps are now being taken by the Republic of Türkiye to increase its trade volume with Nigeria to $5 billion from the current $2 billion. The President of Türkiye, Mr Recep Tayyip Erdogan, during a meeting with his Nigerian counterpart in Ankara on Tuesday, s

By Dipo Olowookere The performance indices of the Nigerian Exchange (NGX) Limited were up by 0.12 per cent on Tuesday amid waning appetite for local stocks by investors. Data revealed that the activity level was lower during the trading day, with the volume of trades declining by

By Adedapo Adesanya The federal government will begin to resolve the estimated N4 trillion power sector debt burden as five power generation companies signed settlement agreements. This will be done under the Presidential Power Sector Debt Reduction Programme, following the

Borrowing rules in the United States and Nigeria may share some similarities. Both systems serve the same human need, access to cash when life gets complicated. What separates them is how each country balances control and opportunity. In the U.S., a loan is not just a transaction

   

By Adedapo Adesanya The federal government has launched the plotting of coordinates of disputed and newly drilled oil and gas wells, a critical process that could redefine derivation revenue flows and fiscal entitlements among Nigeria’s oil-producing states. The exercise, f

   

By Adedapo Adesanya Some stakeholders in the Nigerian capital market, including the Capital Market Academics of Nigeria (CMAN) and the Chartered Institute of Stockbrokers (CIS), have called on the Securities and Exchange Commission (SEC) to extend the deadline for the ongoing

   

By Adedapo Adesanya The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has said that, as a result of the recently introduced tax laws, Nigerian employees are beginning to experience a rise in their take-home pay due to the reduction in

By Adedapo Adesanya American multinational financial technology company, PayPal, will now allow Nigerians to receive payments on its platform through a partnership with local fintech firm Paga, after decades of restrictions. The development was disclosed by Paga’s founder, Mr T