Business News

Power distributors that reject electricity allocated to them by the Transmission Company of Nigeria shall be dealt with severely going forward, the Federal Government declared on Monday. It also revealed...

The Senate President, Godswill Akpabio,  has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government...

Bitcoin surged to a record high above $72,000 on Monday, driven by increased trading accessibility and a weakening US dollar. The cryptocurrency reached $72,717 as traders anticipated an upcoming industry...

The Central Bank of Nigeria (CBN) is facing a significant liquidity challenge in supporting the naira, with nearly $20 billion of its $33 billion in foreign reserves locked into various...

The three cement manufacturing companies listed on the Nigerian Exchange Limited improved their incomes by 30.65 per cent to N3.07tn in 2023. The financial statements of Dangote Cement, BUA Cement...

The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the Federal Government. The House of Representatives in October adopted a...

Nigeria’s external reserves have recorded 2.83 percent year-to-date accretion following inflows from foreign capital and remittances. Data from the Central Bank of Nigeria (CBN) revealed that foreign currency reserves increased...

Aramco raised its dividend despite a retreat in energy prices and lower production, a boost for Saudi Arabia as it faces a widening budget deficit. The total payout of about...

Analysts at Goldman Sachs, Andrew Matheny and Bojosi Morule, have forecasted a significant appreciation of the Nigerian naira to N1,200 against the US dollar within the next 12 months. This...

The Nigeria Customs Service, Federal Operations Unit, Zone A in Ikeja, Lagos, disclosed that it intercepted three trucks loaded with 1,464 bags of foodstuffs heading to the Republic of Benin....