Business News

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...

Forex, the budget's core elements have undergone substantial shifts due to prevailing foreign exchange market conditions. Following the budget's passage into law, the official exchange rate benchmark surged nearly 50%,...

No less than 59.1 per cent of capital importation into the country in 2023, amounting to $2.31bn, was foreign loans, according to the latest capital importation report released by the...

The naira continued its downward trend against the United States dollar at the official and parallel foreign exchange markets on Monday, much to the despair of citizens. This was as...

Cement prices, Dr. Aliyu Wamakko, the President of the Real Estate Developers’ Association of Nigeria (REDAN), voiced grave concerns on Monday regarding the escalating price of cement, which has soared...

Nigeria and Brazil are considering the possibility of establishing direct flight operations between their respective financial capitals of Lagos and São Paulo, respectively. Both countries also reaffirmed their commitment to...