Business News

The National Council of Managing Directors of Licensed Customs Agents has said that the border closure increased the poverty level of Nigerians by 40 per cent. The founder of NCMDLCA,...

The United States Consulate in Nigeria has stated it is seeking ways to expand bilateral trade and investment and ensure prosperity between the United States and Nigeria.  The Political and...

The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has...

The Nigerian equity market continued to bleed for the second consecutive day this week as it lost N730bn on Tuesday. Dangote Cement, MTN Nigeria had dragged the market to a...

The Nigerian Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell to an all-time low of 1,850 per dollar...

Developers in the built industry have rejected the agreement reached between the Federal Government and cement manufacturers. At the meeting, it was resolved that prices of cement will be reduced...

The Federal Government through the Central Bank of Nigeria has again raised the exchange rate for cargo clearance to N1,605/$. This is coming days after the rate rose to N1515/...

Nigeria's Debt Management Office fell short of its target, raising only half of the planned N2.5 trillion in seven and ten-year bonds due to subdued investor interest driven by low-interest...

Forex rate, oil marketers, represented by the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), have appealed to President Bola Tinubu to stabilize the exchange rate of the Naira...

The Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country on tax waivers within the last five years. It consequently urged the...