Business News

Otedola, with a net worth estimated at $1.1 billion, succeeds Ahmad Abdullahi, who just returned to the Forbes Africa Billionaires list after a seven-year absence. His appointment is effective immediately...

Stakeholders within the Cocoa industry reaffirmed their commitment to fostering positive changes within the sector following discussions at the International Cocoa and Chocolate Forum (ICCF). They viewed the forum not...

1. Naira plunges in ‘official market’, CBN warns forex dealers The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States...

Edo State Internally Generated Revenue grew by over 40 per cent to N62bn in 2023 from N45bn in the prior year. According to a release on Tuesday, the Chairman of...

The market capitalisation of the Nigerian Exchange recorded its second dip this year as it shed N857bn to close at N56,425tn on the back of sell-offs. The All-Share Index went...

The Nigerian Railway Corporation earned N286.78m from cargo transported by rail in the third quarter of 2023, according to the National Bureau of Statistics. NBS in its latest rail transportation...

The Central Bank of Nigeria and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it...

Economic and financial experts express concern about Nigeria's meagre agricultural export revenue despite its vast and fertile land with favourable weather conditions. In 2022, Nigeria's total agricultural exports amounted to...

1. Mali, B’ Faso, Niger exit may weaken $277bn ECOWAS trade – Report The exit of Burkina Faso, Mali, and Niger Republic may weaken the $277.22bn trade  of the Economic...

At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, The PUNCH has learned....