Business News

Last year, the collective tiers of government in Nigeria, including the federal, state, and local authorities, experienced a substantial windfall from foreign exchange gains totaling N2.52 trillion, as reported by...

Airline operators have hinted that they may be forced to review fares upward as the aviation fuel surged to above N1300. This was made known in a statement on Friday...

International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer...

The Central Bank of Nigeria (CBN) has announced significant reforms in the foreign exchange market, signalling a move towards a market-driven exchange rate mechanism and potentially paving the way for...

Financial analysts have projected that several factors, including the management of inflation, exchange rate by the Central Bank of Nigeria and technological advancements will be the major determinants of the...

Africa’s biggest pay TV company, MultiChoice Group, says its Nigerian subsidiary has reached a settlement with the Federal Government via the Federal Inland Revenue Service and agreed to pay a...

Nigeria’s food production will rise by 48 per cent to €62.6bn between 2021 and 2024, according to Fairtrade and OTACCWA. In a statement, Fairtrade and OTACCWA, organisers of the Nigeria...

The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA...

According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), 17 licensed mobile money operators facilitated transactions valued at N46.6 trillion in 2023. This marks the country's highest annual...

The Securities and Exchange Commission (SEC) has reiterated its cautionary stance against investing in unregistered entities promising unrealistically high returns, as it reveals that Nigerians have lost up to N500...