Business News

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...

Trading activities on the Nigerian Exchange on Wednesday were subdued leading to a marginal depreciation in the market capitalisation to N55.87tn. At the close of trading, investors lost N1bn as...

A multinational firm, PZ Cussons, has announced an £88.2m foreign exchange loss arising from the devaluation of the naira. PZ Cussons Chief Executive Officer, Jonathan Myers, in a statement on...

Vice President Kashim Shettima will today inaugurate a committee that will develop the country’s Carbon Market Activation Plan at the Presidential Villa, Abuja. According to a statement, the intergovernmentalal committee...

Gas valued at $1.9bn was flared in Nigeria between 2020 and 2024, a report by the Nigerian Gas Flare Tracker has revealed. The report stated that during the period under...

In the initial month of the year, African startups across Africa secured funding exceeding $77 million. According to the 'Africa: The Big Deal' report, 38 deals surpassing $100,000 were identified,...