Business News

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)...

The Minister of Information and National Orientation, Mohammed Idris, on Wednesday, said the importation of Premium Motor Spirit, popularly called petrol, into Nigeria has reduced by 50 per cent since...

The naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day. This indicates an increase of N6 or...

Investors in the Nigerian stock market experienced a substantial setback, with approximately N1.5 trillion lost in their investments following a significant adjustment in the Central Bank of Nigeria's (CBN) Monetary...

Nestlé Nigeria Plc, one of Africa's largest food and beverage companies, faced significant financial challenges in 2023 due to the devaluation of the naira, resulting in a staggering loss of...

Nissan announced on Wednesday that it will begin offering self-driving taxis in Japan in the fiscal year that begins in April 2027. The company announced that it will start testing...