Business News

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,...

Equity market investors on Tuesday saw N227bn added to their wealth as the Nigerian Exchange stayed in the green zone. The All-Share Index and market capitalisation appreciated by 0.40 per...

The International Monetary Fund has said Nigeria may incur an expenditure of around N7trn should the existing fuel pump price cap and electricity subsidy be upheld in 2024. The fund...

Last week, the Federal Government demanded almost $10bn in compensation from Binance, for manipulating foreign exchange rates via currency speculation and rate fixing on its platform. been accused of manipulating...

Newly listed stock, Transcorp Power, its parent company, Transcorp and FBN Holdings were the major drivers of the N194bn gain the market capitalisation of the Nigerian Exchange recorded on Tuesday....