Business News

The upward trend observed throughout the week on the NGX persisted, with the market's All-Share Index (ASI) further appreciating by 995.55 points, representing a 0.99% increase, to close at 101,330.85...

The Central Bank of Nigeria (CBN) has announced a substantial surge in overseas remittances into the country, reaching $1.3 billion in February 2024, a significant increase from $300 million in...

Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental...

President Bola Tinubu has indefinitely suspended the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo, alongside three executive directors of the agency, from office. This followed “new...

The Nigerian Ports Authority has said that its annual revenue grew to N501bn in 2023 from N361bn in the prior year. The Managing Director of NPA, Mohammed Bello-Koko, in a...

The Central Bank of Nigeria (CBN) has taken a significant step towards enhancing the adoption of Nigeria's digital currency, eNaira, by signing a Memorandum of Understanding (MoU) with blockchain firm...

There are breaking records in the Nigerian stock market. The NGX All-Share Index (ASI) catapulted to an unprecedented 100,335.3 points, marking a remarkable surge of 743.66 points. This surge, reminiscent...

The official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market, witnessed a 40.46 per cent drop in turnover to $4.37bn (N4.03tn) in January from $7.34bn recorded in December 2023....

The House of Representatives on Wednesday passed a bill seeking the establishment of the National Tax Crimes Commission to address revenue leakages in tax management and administration in the country....

The Nigerian National Petroleum Company Limited and First Exploration and Petroleum Development Company Limited Joint Venture have supported 11 host communities in Bayelsa State with healthcare services. The free healthcare,...