Business News

Financial and economic analysts have urged the Federal Government to ramp up crude oil production to improve liquidity in the country’s foreign exchange market and help stabilise the naira. In...

The Extractive Industries Transparency Initiative, the global body that pushes for transparency in the oil and mining sectors, on Friday, frowned at the old data being released by the Nigerian...

The Chairman of the Board of Directors of the Eko Electricity Distribution Company, Dr Dere Otubu, has called for increased investment in the Nigerian power sector to meet the country’s...

The Nigerian Aviation Handling Company PLC on Friday launched its Export Packaging and Processing Centre in Lagos. Speaking at the event, the Chairman of NAHCO’s  Board of Directors, Dr Seinde...

Energy costs, according to AFEX, will fall by 5% in 2024 and then by an additional 0.7% in 2025, while commodities related to agriculture are expected to fall by 2%...

The Federal Government has intensified discussions with the Kingdom of Morocco in a bid to fast-track the process of achieving the Final Investment Decision on the $30bn Nigeria-Morocco Gas Pipeline....

The naira fell to a record low of N1,400/$ at the parallel market on Thursday despite recent efforts by the Central Bank of Nigeria to save the national currency. With...

Gains reported by insurance firms, Seplat Energy, JapaulGold and May& Baker Plc drove the market capitalization of the Nigerian Exchange up by N317bn, extending the bullish rally into its 12th...

Foreign exchange expenses eroded the operating profit of Guinness Nigeria Plc for the year ended December 2023, resulting in N5.233bn loss. This was contained in the unaudited interim financial statements...

The Nigerian Maritime Administration and Safety Agency (NIMASA) is partnering with the management of the Dangote Group to address operational concerns related to the Dangote Refinery. A committee has been...