Nigeria’s finance ministry has exempted small companies, unincorporated bodies with Tax ID and transactions under N2 million from new regulations.

Meristem Securities’ Head of Investment Research has urged Nigeria to address fiscal imbalance and prioritise sustainable revenue for debt reduction.

Nigeria received $3.38 billion in foreign investments in Q1 2024, a 210% increase from Q4 2023, with Lagos leading.

CBN Governor Cardoso says Non-Bank Financial Institutions present a unique opportunity to quicken regional integration and shared economic prosperity.

Nestoil’s Azudialu-Obiejesi has stressed the need for Nigeria to establish a credible contract bidding process to develop oil industry capacities.

A rocket stage from Beijing Tianbing Technology’s Tianlong-3 detached during a test and landed in a hilly area without casualties.

SERAP has criticised CBN’s alleged financial violations, saying it has undermined its ability to fulfill statutory roles and public trust.

World Bank says Nigeria received $19.5 billion in Diaspora remittances in 2023, 35% of sub-Saharan Africa, although declining 2.9% year-on-year.

NESG has endorsed CBN’s decision to end FX Price Verification System, citing removal of regulatory bottlenecks and boost to macroeconomic stability.

CEO Schneider ssys Nestle expects stable growth from Q2 onwards, overcoming cost inflation and sales volume challenges.

Amazon is investigating Perplexity AI for scraping content without permission, amid accusations of plagiarism and fake quotes.

Core inflation rose 0.1% from April to May, the smallest increase since 2020, leading to potential Fed rate cuts in September.

Toyota partners with GAC to launch Bozhi 3X SUV with advanced autonomous driving, aiming to regain market share in China.

Traders of food items in Onitsha have blamed the rising cost of food items in Nigeria on insecurity bedeviling the country.

Olam Agri’s Head of Corporate and Regulatory Affairs Ade Adefeko has highlighted Nigeria’s agricultural sector’s critical challenges, imperiling food security.

CBN Governor Cardoso says Nigeria doesn’t need IMF funding to close liquidity gap for now due to strong policy measures.

NSIA has announced start-ups advancing to the bootcamp stage of the NPI 2.0 for a chance to win prizes worth $220,000.

The NUPRC is collaborating with industry operators to develop Nigeria’s vast heavy crude oil reserves, which is only 5% developed.

Volkswagen says it will initially invest $1bn in Rivian, Tesla’s rival with an additional $4 billion by 2026.

The Central Bank of Nigeria has instructed all banks and international transfer operators to process diaspora remittances in Naira.