On May 13, 2024, at Choose France Summit 2024, Aigboje Aig-Imoukhuede, the chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron. The France-Nigeria Business Council (FNBC) is a coalition of Nigerian […]

The UN has approved Nigeria’s submission, granting sovereignty over additional square kilometres of maritime territory. This was revealed Tuesday after President Bola received the report of the High Powered Presidential Committee (HPPC) on Nigeria’s Extended Continental Shelf Project. The team of experts had worked hard over the years to advance the […]

The foreign exchange loss of MTN Nigeria Communications Plc, the country’s biggest mobile network operator, rose to the highest in at least six years in the first three months of 2024, data compiled by BusinessDay shows. According to the firm’s latest financial statements, its net FX loss widened to N656.4 […]

The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This is because the negotiated amount may surpass the budgeted amount in the original 2024 budget. The International Monetary Fund gave this recommendation in its latest staff country report for Nigeria. […]

The naira continued its depreciation against the US dollar in the foreign exchange market. Data from the parallel market section and FMDQ showed further depreciation against the dollar on Monday. At the parallel market, a Bureau De Change operator in Wuse Zone 4, Mistila Dayyabu, told DAILY POST that the […]

In a bid to address the significant trade deficit between Nigeria and China, standing at $18 billion as of the end of 2023, both nations have embarked on a collaborative effort aimed at boosting agricultural exports from Nigeria to China. Nonye Ayeni, Executive Director of the Nigerian Export Promotion Council […]

By standard rules of international taxation, airlines like every other business are subject to corporate taxes on their earnings. However, the multiple taxes slapped on businesses in Nigeria have become a “burden” according to the airlines. They pass on the extra cost of doing business in the country to their passengers in […]

TotalEnergies is set to support the growth of 100 promising startup ventures spanning 32 African countries, including Nigeria, as part of the fourth iteration of the ‘Startupper of the Year Challenge.’ According to the company during the virtual launch of the challenge recently, this is done to celebrate its 100th […]

President Bola Tinubu on Monday extended meeting of the Federal Executive Council (FEC) to continue on Tuesday, on the backdrop of several outstanding memos listed for discussions. The meeting which started at about 12 noon on Monday, had over 40 memos, listed for deliberation from various Ministries, according to  sources […]

Domestic retail investors bought five times more stocks in the first quarter of 2024 compared to the previous year, despite accelerating inflation that curbed purchasing power. Total transactions by retail investors grew more than fivefold to N670.89 billion in the first quarter of 2024 from N123.28 billion in the same period of […]