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Business - Page 609

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Nigeria’s decision to sign a new tax-administration cooperation agreement with France has ignited wide public debate, with questions emerging about the possible exposure of sensitive national economic information. The Federal Inland Revenue Service (FIRS), however, maintains that the partnership poses no risk

December 12, 2025

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business·Finance & Economy·News

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

The Central Bank of Nigeria (CBN) has revealed that the acquisition of Polaris Bank by Strategic Capital Investment Limited (SCIL) is worth N1.35 trillion. In a statement released on Thursday following reports that Strategic Capital Investment Limited acquired Polaris Bank for N50

October 21, 2022

Business·News

CBN Loses N1.15 trillion In Strategic Capital’s Acquisition Of Polaris Bank

Strategic Capital Investment Limited (SCIL) has acquired Polaris Bank from Asset Management Company of Nigeria (AMCON) and Central Bank of Nigeria (CBN), making the apex bank lose N 1.15 trillion in the process. The central bank and debt collector agency sold Polaris

October 20, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate After U.S Prediction

October 20 Dollar Exchange Rate: The exchange rate between the dollar and naira rose by 1.21% on Thursday, as Bureau De Change operators increased their asking price by N9. During trading hours, Bureau De Change operators raised the exchange rate to N751

October 20, 2022

Business

Lafarge Cement Pays $778 million US Fine For ‘Donating’ To Terrorists

Lafarge Cement has admitted to paying terrorists groups in Syria to aid continuation of the firm’s operation in the country, leading to the United States justice department penalising the company with a fine of $778 million. U.S attorney, Breon Peace, said Lafarge,

October 20, 2022

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

FG To Start Collecting Landing, Take-off Fees From Oil Firms’ Helicopters

In a bid to increase its revenue generation, the Federal Government has inaugurated a team to collect landing and take-off fees from helicopters operating on all oil platforms within the country. According to report, representatives of Police, Department of State Services (DSS),

October 20, 2022

UNIZIK Teaching Hospital Honours Air Peace Boss, Onyema, With Benefactor Award

Business·News

VIDEO: Air Peace Boss, Onyema, Blames Foreign Airlines For Trapped Dollars, Gives Reasons

The Chief Executive Officer of Air Peace, Allen Onyema, has criticised foreign airlines over the issue of trapped funds in Nigeria, stating that they are partly to blame for the situation that has prevented them from repatriating their dollar ticket sales. Onyema

October 20, 2022

Business·News

MCB Capital Markets Lists ‘ADBF’ On Botswana Stock Exchange

MCB Capital Markets, on Thursday, announced the secondary listing of the African Domestic Bond Fund (ADBF), a USD-denominated Exchange Traded Fund, on the Botswana Stock Exchange. The fund’s primary purpose is to promote the development of local currency capital markets in Africa

October 20, 2022

Business·News

Seplat Founders, Avuru, Orjiako Settle Out Of Court

Austin Avuru, the pioneer CEO of Seplat Energy, and Dr. ABC Orjiako, pioneer chairman of the Nigerian independent may be moving from the courtroom to the negotiating table if emerging feelers from a peace meeting brokered by a respected oil man, Dr.

October 20, 2022

“I Want The Homeless To Model My Clothes,” Kanye West Tips

Business

Kanye West Says He’s Richer Than Aliko Dangote, Ranks Networth At $11 billion

United States’ rapper and fashion businessman, Kanye West, has stated that he’s richer than Nigerian billionaire, Aliko Dangote, stating that he is the richest black man in the world. Kanye West said he is being disrespected by being called a rapper, even though

October 19, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Bank Of America Makes New Prediction For Official Naira Rate, As BDC Sells At N742

The exchange rate between the United States’ dollar and Nigeria’s naira has been projected to rise to N520/$1 next year, indicating the naira will extend its devaluation run into 2023. According to Bloomberg, Bank of America Economist, Tatonga Rusike, made the projection

October 19, 2022

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Business - Page 609

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

CBN Loses N1.15 trillion In Strategic Capital’s Acquisition Of Polaris Bank

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate After U.S Prediction

Lafarge Cement Pays $778 million US Fine For ‘Donating’ To Terrorists

FG To Start Collecting Landing, Take-off Fees From Oil Firms’ Helicopters

VIDEO: Air Peace Boss, Onyema, Blames Foreign Airlines For Trapped Dollars, Gives Reasons

MCB Capital Markets Lists ‘ADBF’ On Botswana Stock Exchange

Seplat Founders, Avuru, Orjiako Settle Out Of Court

Kanye West Says He’s Richer Than Aliko Dangote, Ranks Networth At $11 billion

Bank Of America Makes New Prediction For Official Naira Rate, As BDC Sells At N742

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CBN Holds Interest Rate At 27% — Fourth Time In 2025

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