Business News

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...

The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the...

Financial specialists believe that if the government stops oil theft and increases non-oil exports, the naira would return to its true value before the end of 2024. Ayodeji Ebo, the...

The United Nations Secretary-General, António Guterres, said phasing out fossil fuel was not only necessary but also inevitable. Speaking in celebration of the first International Day of Clean Energy on...

FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and...

The International Monetary Fund has said that even though Nigeria and other low-income debtors have yet to request any debt relief recently, high debt servicing costs remain a growing challenge....