Business News

The naira fell to an all-time low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market on Monday. This signifies a 51.21 per cent fall from the N891.90/$ the national...

The total assets under the Contributory Pension Scheme reached N18.36tn by the end of 2023, according to data from the National Pension Commission. PenCom’s ‘Unaudited report on pension funds industry...

The market capitalisation of the Nigerian Exchange gained about N1.24tn at the end of Monday’s trading to close at N57.28tn, bringing it closer to the historic N60tn mark. That was...

Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has pledged the agency's commitment to ensuring the seamless operation of the Dangote port and refinery by...

Bluetti, a global pioneer in renewable energy solutions, provided 50 solar power kits to disadvantaged rural households in Ilaro, Ogun State, as part of their Lighting an Africa Family (LAAF)...

Dr. Dere Otubu, Chairman of the Board of Directors of Eko Electricity Distribution Company (EKEDC), has underlined the need for additional investment in the power sector to satisfy Nigeria's growing...

1. Forex crises, high import duty depress vehicle, other imports Amidst sustained depreciation of the Naira, Niger- ia’s motor vehicle imports recorded a massive 32 per cent decline in 2023...

The Director-General of the Nigeria Employers’ Consultative Association, Adewale-Smatt Oyerinde, has advised the Federal Government to reinvest subsidy removal gains in infrastructure. In an exclusive interview with The PUNCH, Oyerinde...

The positive sentiments on the Nigerian Exchange were sustained last week, as the All-Share Index crossed the historic 100,000 points mark and investors gained N4.3tn. Buy sentiment was strong in...

A Nigerian couple based in the United States is demanding N22m in compensation from Landwey Investment Limited over a contract breach, leading to value depreciation in money paid for two...