Business News

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...

Tackling the growing problem of food insecurity and malnutrition in the country was at the front burner when stakeholders met during the SUN Business Network Annual Meeting held in Lagos...

Minister of Industry, Trade and Investment, Doris Anite, on Friday, announced significant investment commitments secured by the government since its inauguration eight months ago. While this announcement suggests potential economic...

Prices, various wholesalers and retailers within the alcoholic beverage industry are voicing their distress over the dwindling patronage of their products in the face of skyrocketing costs, a consequence of...

The naira suffered a fresh slide both at the official and parallel foreign exchange markets on Friday. The national currency depreciated to on Friday N1,670/$ from N1,600/$ recorded at the...

The House of Representatives has resolved to stop sports betting in the country and urged the National Lottery Regulatory Commission to comply with the Lottery Regulatory Commission Act, 2005. The...