Business & Economy - Page 16

The Chairman of Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, has described the workforce of BUA Group as the driving force behind the conglomerate’s rise. Kwairanga made the remarks at the BUA Group Long Service Awards and Night of Excellence, where

Eight OPEC+ countries, including Russia and Saudi Arabia, will decide on their December oil production plan at an online meeting in the coming days, these countries have before now since April, 2025 incrementally pushed up their production with a 137,000 barrels per

The Federal Inland Revenue Service (FIRS) has moved to allay growing public concerns over its Memorandum of Understanding (MoU) with France’s Direction Générale des Finances Publiques (DGFiP), insisting that the agreement poses no threat to Nigeria’s data security, sovereignty, or local technology

The Central Bank of Nigeria (CBN) has directed all acquirers, processors and Payment Terminal Service Providers (PTSPs) to implement mandatory dual connectivity for Point of Sale (PoS) transactions within one month, in a move aimed at improving transaction reliability and strengthening the

African Democratic Congress (ADC) on Sunday called for transparency in the Nigeria-France digital tax agreement. The party’s National Publicity Secretary, Mallam Bolaji Abdullahi, in a statement issued in Abuja on Sunday, expressed concern over the agreement. The News Agency of Nigeria reports

The insurance industry is addressing long-standing solvency and capacity gaps through phased recapitalisation, a reform designed to strengthen underwriting capacity, restore public confidence and support broader economic growth. Operators say the Nigerian Insurance Industry Reform Act (NIIRA) 2025 provides a gradual transition

THE Naira on Friday closed the week stronger with a gain of N1.65 against the U.S. dollar at the official market, after it traded at N1,454.41. According to data released on the official website of the Central Bank of Nigeria, this represents

The Dangote Petroleum Refinery has announced a fresh reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, lowering the price to ₦699 per litre with effect from December 12, 2025. In addition to the price cut, the

The International Fund for Agricultural Development (IFAD) has called for intensified efforts by governments and other stakeholders in scaling-up water-related infrastructure for sustainable productivity, resilience, and climate adaptation. Mrs Dede Ekoue, IFAD Country Director, made the call at the Federal Government/IFAD Second

In a decisive move to strengthen the resilience of Nigeria’s digital payments infrastructure, the Central Bank of Nigeria (CBN), has directed all acquirers, processors, and payment terminal service providers (PTSPs), to implement mandatory dual connectivity with the Nigeria Inter-Bank Settlement System (NIBSS),