Business

Oil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a “special military operation” in the eastern Donbas region of Ukraine. These are the highest levels seen by the international benchmark Brent crude futures in more than seven years. Prices jumped earlier this week before …

Coca Cola Versus Pop Cola: Court Refuses Interlocutory Injunction, Orders for Accelerated Hearing Although granting interlocutory injunction is discretionary power of the court but in a case of this nature it is important for the judge to hear all facts from all parties to enable court determine the substantive suit …

Following the Federal Government’s plan to extend the fuel subsidy regime by 18 months, the International Monetary Fund has said Nigeria will likely depend on overdrafts from the Central Bank of Nigeria to fund its proposed N2.55tn petrol subsidy bill. The IMF said this in its ‘Nigeria: Selected Issues Paper’ …

Before you read this article, there is a question you’re mandated to ask. It’s okay if you’re not so sure what the right response should be, but the emphasis is on ‘attempt’. Here you go – does your brand really need engagement? Well, reading till the end will help you …

There are strong indications that pump price of Premium Motor Spirit (PMS) popularly known as petrol will be raised by marketers. This is coming as the nation grapples with challenges in products distribution occasioned by recent off spec petrol importation by partners of the Nigerian National Petroleum Company (NNPC) Limited. …

Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill for the first time since Q3 2019, representing 8 consecutive quarters of negative trade balance. This is according to data on foreign trade obtained from the Central Bank of Nigeria …

Nigerian airlines have increased the cost of economy flight tickets for domestic routes from about N35,000 to a base fare of N50,000. The airlines include Azman Air, Max Air, Ibom Air, Arik Air, Air Peace and Dana Air. Checks by TheCable showed that most of the airlines have increased their …

The Federal Government on Thursday announced that it is ready to begin another round of Tradermoni disbursement, despite its inability to recover the N10 billion disbursed under the first phase, three years after. The TraderMoni is an interest-free loan given to traders, under the Government Enterprises and Empowerment Programme (GEEP), …

The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. This was stated by the Executive Chairman of …

Nigeria’s gross domestic product (GDP) grew 3.4 percent in 2021, the strongest since 2014. The figure is the first annual growth above 3 percent since President Muhammadu Buhari won the 2015 election. In 2014, the economy grew 6.3 percent. The National Bureau of Statistics (NBS) said this in its fourth-quarter …