Business News

Economists have linked the nation’s rising inflation to the continued depreciation of the naira and high fuel prices. They spoke as the country’s inflation hit 29.90 percent for January 2024....

The naira appreciated slightly against the United States dollars at the Nigerian Autonomous Foreign Exchange Market on Thursday, closing at the rate of N1,498.25/$ from N1,503.38/$ recorded the previous day....

The Nigerian exchange maintained its positive trading trend for the second consecutive day as it gained N329bn. The All-Share Index and the market capitalisation rose by 0.58 per cent to...

Due to sluggish domestic demand, Japan's GDP unexpectedly shrank, entering a recession and losing its ranking as the third largest economy in the world to Germany. The Cabinet Office said...

The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters....

The Managing Director of BUA Foods, Ayodele Abioye, has disclosed that the company has invested over $200m in its integrated sugar estate in Lafiagi, Kwara State. Abioye said this on...

Nigeria’s crude oil production marginally dropped to 1.42 million barrels a day in January 2024, according to Organisation of Petroleum Exporting Countries, OPEC. OPEC’s Monthly Oil Report for February 2024...

The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of the year. Debt Management Office in a circular issued on Wednesday, stated that the offerings...

1. FG gives conditions for tolling Benin-Asaba, Lagos-Abeokuta highways The Federal Government has specified new conditions for tolling the Benin-Asaba and Lagos-Abeokuta road corridors, stating that toll collection will only...

Statutory federal allocations to the coffers of the state governments will increase by 69 per cent to N5.54tn in 2024, Checks by The PUNCH have shown. According to figures obtained...