Business News

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...

In light of the necessity to "run as a leaner company and spend less," Paramount CEO Bob Bakish announced layoffs at the media giant on Thursday. "Our priority is to...

The Federal Inland Revenue Service surpassed its 2023 revenue target by N816bn, a 107 per cent performance over the set goal and has set a target to collect N19.4 turn...

Nigeria’s national power grid collapsed 46 times from 2017 to 2023, a report by the International Energy Agency said on Wednesday. According to the report, Nigerians endured more nationwide blackouts...

The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued...

The Federal Government has set a tax revenue target of N19.4tn for 2024. This is as the Federal Inland Revenue Service collected a record N12.37tn in tax revenue for the...