Business News

The cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, surged by 38 percent on a month-on-month basis. As per Vanguard's findings, the price of a 12.5kg cylinder...

Yesterday, the Central Bank of Nigeria (CBN) increased its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 400 basis points, raising it from 18.75 percent to 22.75...

Standard Chartered Bank reported a significant milestone in its annual profit for Africa and the Middle East in 2023, reaching $1.3 billion, the highest figure recorded in a decade. The...

Lai Omotola, the Group Managing Director of CFL Group, has urged President Bola Tinubu to enact an executive order banning dollar cash transactions to salvage the naira from further depreciation....

A group of bakers in the country, on Monday, kicked against the nationwide strike declared by some of their counterparts, starting on Tuesday. The Association of Master Bakers and Caterers...

President Bola Tinubu on Monday launched the Geometric Power Plant in Aba, 20 years after the project was initiated by a former Minister of Power, Barth Nnaji. Tinubu also inaugurated...

The Monetary Policy Committee of the Central Bank of Nigeria may raise the Monetary Policy Rate, otherwise known as the benchmark interest rate at the end of the meeting on...

The President of Afreximbank, Professor Benedict Oramah, has said that having a robust health system will stem the increasing migration of healthcare workers from the African continent. According to a...

Analysts at Meristem Research have projected that the newly constituted Monetary Policy Committee would hike the Monetary Policy Rate at its meeting scheduled for Monday and Tuesday. In its macroeconomics...

The Federal Mortgage Bank of Nigeria has initiated a rehabilitation process to revive about 46 abandoned housing projects nationwide. The bank said this would be achieved through a partnership with...