Business News

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...

President Bola Tinubu has written to the Senate requesting for screening and confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria. The President’s...

Brent, the global benchmark for crude, rose to $83.19/barrel on Tuesday evening, moving up by $1.19 when compared to its cost the preceding day, as latest data from the Federal...

The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means...

Nigerian Breweries PLC has issued a "Price Review Notification" to all its direct customers in the West Zone. The notification, contained in a letter issued on Monday, February 12, 2024,...

1. Buhari’s reckless policies responsible for current hardship — Sanusi, Oshiomhole AS Nigerians gnash their teeth over the economic downturn, former governor of the Central Bank of Nigeria, CBN, Dr....