Business News

The Central Bank of Nigeria has said it would sell N1.64trn worth of treasury bills, for the second quarter of 2024. The apex bank made this known in the Treasury...

Dangote Cement Plc has reported a profit after tax of N455.58 billion for the financial year ending December 2023, marking a significant 19.7% increase year-on-year. The leading cement manufacturer disclosed...

Elon Musk filed a lawsuit against Sam Altman, the CEO of OpenAI, the company that makes ChatGPTs, claiming that he abandoned the startup's initial goal of developing artificial intelligence for...

The Nigerian Communications Commission has said telecommunication companies that fail to comply with the directive to block Subscriber Identity Module cards not linked to National Identification Numbers will face sanctions....

Financial services firm, OPay, has called on its customers to complete the regularisation of their accounts by linking their Bank Verification Numbers or their National Identity Numbers as mandated by...

The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to focus on the primary factors causing high inflation in its monetary policy decisions. In a...

The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently...

The Minister of Steel Development, Shuaibu Audu, revealed that Nigeria presently imports materials worth four billion dollars annually. Audu made this disclosure during a visit to the National Metallurgical Development...

About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on...

Peter Obi, the presidential candidate of the Labour Party in the most recent general election, has denounced the Monetary Policy Committee's recent decision to raise the Cash Reserve Ratio (CRR)...