Business News

Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday. This is as the naira closed the week at N1435.53/$ on Friday after what...

Power generation on the national grid crashed to 59.9 megawatts around 12 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of...

No fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country, latest data from the Nigerian National Petroleum...

The Norwegian Ambassador to Nigeria, Svein Baera, has said there is a need for Nigeria and Norway to strengthen their partnership in order to boost energy production. Baera said this...

The management of Fidelity Bank has estimated that it may lose about N1.19bn to claims and litigation for the year ended December 2023. This was shown in its condensed unaudited...

The Nigerian National Petroleum Company Limited has said it spent a total of N1.65bn in 16 months as donations to various organisations and others not disclosed. This was contained in...

In a surprising turn of events, the exchange rate for cargo clearance experienced a substantial surge, reaching N1413.6/$ just 24 hours after the Central Bank of Nigeria (CBN) adjusted the...

Chevron Corporation has said it returned $26bn to investors for the year 2023. This is despite the company’s declaration that its reported earnings declined compared to last year. “In 2023,...

The representative of the Chinese Ambassador to Nigeria and the Consul General of the People’s Republic of China, Yan Yuqing, has said the bilateral trade between Nigeria and China stood...

The Institute of Chartered Accountants of Nigeria has appointed Dr Musibau Olasunkanmi as its new Registrar/Chief Executive. The appointment was announced on Friday following the approval of the Governing Council...