Business News

Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. This was revealed in...

PZ Cussons Nigeria's plan to delist from the NGX has encountered a setback as the Securities and Exchange Commission (SEC) declined the company's request for its major shareholder, PZ Cussons...

Access Holding has agreed with Kenya-based KCB Group Plc to acquire the entire issued share capital of National Bank of Kenya (NBK). This strategic move aligns with the vision of...

A recent report from the Central Bank of Nigeria (CBN) disclosed that out of the total intervention loans amounting to N10.3 trillion disbursed, N193 billion has been declared lost, with...

Some residents of the Federal Capital Territory, Abuja and some areas in Kogi State are currently experiencing power outages due to technical glitches. The two areas are under the coverage...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that the Final Investment Decision for the $25bn Nigeria-Morocco Gas Pipeline Project will be...

Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their...

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government...

In an ambitious attempt to boost an economy that has long struggled to develop, Japan's central bank hiked interest rates on Tuesday for the first time since 2007, moving them...

Engineer Komolafe, born in 1963 during Nigeria's transition to a Republic, received his primary and secondary education in Ondo State before pursuing his first Engineering degree at the University of...