Business News

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...

1. New policy to address maritime challenges on the way The Federal Government will soon release a new maritime  policy  aimed at tackling challenges faced by operators in the Marine...

The rally on the local equity market entered its ninth day on Tuesday bumping the market capitalisation of the Nigerian Exchange to about N53.97tn. At the end of trading, investors...

After several days of volatility, the naira rebounded at the official I&E Window on Tuesday, closing at N878.61/$1 against the N925.34/$1 it closed on Monday. The latest indicates a major...

Drug prices are set to remain high in 2024 as import prices of pharmaceutical products may hit over N900bn due to the depreciation of the naira. This is set to...

The Federal Government through the Bureau of Public Enterprises is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost...