Business News

The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR...

The Federal Government, on Tuesday, declared to Western nations in Europe and America that Nigeria would not stop the exploration of fossil fuels despite the pressure being mounted by the...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on...

The Nigerian National Petroleum Company Limited has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari,...

A total of 12 African startups have received $120,000 each in investment, along with training and mentorship, to advance their entrepreneurial endeavors. These african startups, including 24Seven, Beauty Hut, Eight...

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...