Business News

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...

The banking sector received about $832.64m in foreign capital flow into Nigeria in 2023, which was about 60 percent lower than the inflow in 2022. An analysis of the latest...

Operators in the built environment sector have noted that the increasing costs of building materials are hampering the industry’s development. Speaking during a recent media parley in Lagos, the Chairman...

Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from...

The Chartered Institute of Bankers of Nigeria says it has introduced a Human Capital Retention Fund to address the trend of mass emigration bank workers out of the country. President...

The Federal Airports Authority of Nigeria has reopened the 3.9km Runway 18R/36L of the Murtala Muhammed International Airport, Lagos after almost 11 months of maintenance repairs. In March 2023, FAAN announced...