Business News

Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of the data showed that in...

Life insurer, African Alliance, has disbursed over N1.1bn in claims within the first 58 days of the year. The Managing Director of the insurance firm, Joyce Ojemudia, disclosed this in...

The Minister of Communications and Digital Economy, Bosun Tijani, has announced plans to spearhead a global collaboration aimed at enhancing the protection of undersea cables. The minister made this disclosure...

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host...

The activities of investors positioning themselves ahead of the dividend-paying season led to another positive week as the Nigerian Exchange gained N2.12tn in the past week. The All-Share Index appreciated...

Analysts at Cowry Asset Management Limited have stated that the country’s trade will improve if the government can upgrade transportation networks, ports, and streamline export procedures to ease logistics costs....

The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of...

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its...

The Manufacturers Association of Nigeria, Lagos Chamber of Commerce and Industry and the Centre for the Promotion of Private Enterprise have commended the Federal Government over its decision to halt...

The Corporate Affairs Commission has pledged to strengthen its relationship with the Nigeria Financial Intelligence Unit to ensure Nigeria exits the Financial Action Task Force’s grey list. The Registrar-General and...