Business News

The Central Bank of Nigeria (CBN) has restated that banks operating there are prohibited from using their foreign exchange (FX) revaluation gains to pay dividends or cover operational expenses. In...

The Bank Directors Association of Nigeria has called for collaboration between lawmakers, regulatory authorities and the banking sector operators in the formulation and review of banking policies. According to a...

The value of global dividend payouts to shareholders has reached a record high of $1.66tn in 2023, a five per cent increase over the previous year. According to the latest...

MTN Nigeria has said the network connectivity disruptions experienced by its customers were due to damage to an overseas undersea cable. The telecom operator disclosed this in a statement on...

The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses. In a...

FAE Limited, a prominent envelope manufacturing and customizing company, has raised concerns about the operational costs in the paper sector and has appealed to the Central Bank of Nigeria (CBN)...

Egoras, a clean energy company, has announced its upcoming launch of an electric vehicle (EV) on April 28, signaling a significant stride towards sustainable transportation solutions. In a statement, the...

The Nigerian Ports Authority has disclosed that containerised exports rose by 44.43 per cent to 226,456 twenty equivalent units in 2023 from 156,790 TEUs in the previous year. In a...

The House of Representatives has resolved to invite to cement manufacturers including Dangote Cement and BUA Cement to appear before them for deliberation on ways out of the hardship arising...

The International Monetary Fund has urged the Federal Government to focus on reducing the high prices of food, drugs and transportation through the implementation of social protection measures. The IMF’s...