Cocoa Prices Fall Again in Nigeria
Ololade Adeyanju/ Cocoa prices have fallen again in Nigeria after the short-lived rise in prices last week, industry officials and…
Two Nigerians, Others Sue PayPal for Abetting $207m Ponzi Scheme Fraud
Two Nigerians have led other victims of an internet-based Ponzi scheme to sue global online payment company, PayPal, in a…
Vervelde Steps Down as MD of Nigerian Breweries
The Managing Director of Nigerian Breweries, Nicholaas Vervelde, has resigned. It is not yet known if his resignation is connected…
CBN Readmits Keystone Bank into Forex Market
Keystone Bank says the Central bank of Nigeria(CBN) has readmitted it into the spot and wholesale forwards segment of the…
Shell to Invest $25b in Oil Countries
Rotimi Morgan/ Oil giant, Royal Dutch Shell, has announced plans to invest about 25 billion dollars this year in Nigeria…
Guinness Grows …Revenue Leaps in Q3
Dupe Olaoye-Osinkolu/ Guinness Nigeria Plc, the nation’s leading alcoholic beverage manufacturer and a subsidiary of Diageo Plc, has released its…
Naira Loses against Dollar
Rotimi Morgan/ The Naira today depreciated marginally against the dollar at the parallel market, reports say. The Nigerian currency lost…
FIRS to Introduce Electronic Tax Clearance Certificates
The Federal Inland Revenue Service (FIRS) will soon introduce electronic Tax Clearance Certificate (TCC) system to help reduce fraudulent certificates.…
Nigeria Ranks Among Most Unsafe Tourism Destinations in the World
Nigeria has been ranked among the least safe tourism destination in the world, ranking 132 in a survey involving 136…
CBN Raises Banks’ Foreign Exchange Loan Limits
The Central Bank of Nigeria (CBN) has increased the limit on banks’ foreign currency borrowings to 125 percent of shareholders’…