Business News

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,...

French conglomerate TotalEnergies announced its highest-ever profit for the year 2023, driven by strong performances in its liquefied natural gas and electricity sectors. The net profit reached $21.4 billion, marking...

1. Customs seized N854m vehicles, others in January – NCS­­­ The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja has disclosed that it intercepted 11 imported used vehicles and...

The management of Dangote Refinery and Petrochemical Limited has called on the feuding National Union of Petroleum and Natural Gas and the Petroleum Tanker Drivers leaders to settle the rift...

Losses recorded by BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC and The Initiates caused the Nigerian Exchange dipped on Tuesday. The equity market lost N849bn underpinned on...

The Federal Government is now implementing measures to significantly reduce the cost of Liquefied Petroleum Gas, popularly called cooking gas, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo,...