Business News

The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the FMDQ Exchange on Tuesday. This...

1. Govs rally FG to avert food crisis in states The Governors of Kwara, Abdulrahman Abdulrazaq; Taraba, Agbu Kefas; Ondo, Lucky Aiyedatiwa; and Kogi, Ahmed Ododo, on Monday, stormed the...

Equity investors lost N437bn on Monday on the back of sell-offs in some stocks. The All-Share Index and the market capitalisation of the Nigerian Exchange shed 0.73 per cent and...

The Nigerian National Petroleum Company Limited, on Thursday, said it was working in collaboration with the United States Department of States and international management consultancy firm, Deloitte, to meet its...

The national power grid stabilised on Monday as electricity generation revolved around 3,000 megawatts and 3,707.91MW between 1am and 8pm on the same day following the collapse of the grid...

Bank Directors Association of Nigeria says it is supportive of a directive by the Central Bank of Nigeria asking commercial banks to stop “hoarding’’ foreign currencies. The CBN had last...

Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to work towards real price discovery in the foreign exchange market...

1. FG, states debts near N107tn, naira fall raises loans Nigeria’s total debt (Federal Government and states’ loans) may hit at least N107.38tn soon following the approval of fresh borrowings...

The NGX Regulation Limited,  IFRS Foundation, and Financial Reporting Council of Nigeria have jointly restated their commitment to sustainability reporting initiatives among listed companies. The commitment was made during the...

The Minister of Works, David Umahi, has disclosed that N146bn is required for the repairs of Marina shorelines. He stated this recently during a joint inspection of the lagoon sections...