Business News

Unilever Nigeria Plc has released its unaudited interim report for the twelve months ending December 31, 2023. During this period, the company experienced a significant 51% increase in turnover, reaching...

The Nigerian National Petroleum Company Limited, on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import...

Some analysts are anticipating a pullback on the Nigerian Exchange over concerns that it may have reached the overbought region. The market capitalisation of the NGX closed in the green...

Macroeconomic and political uncertainties make African real estate unattractive for foreign investments, according to a report by Estate Intel. It noted that the dwindling macroeconomic indicators may affect African real...

Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex bank’s...

The Small and Medium Enterprises Development Agency of Nigeria will spend a total sum of N6.2bn on the purchase of motorcycles and tricycles as empowerment programmes for Nigerian youths and...

The Nigeria Civil Aviation Authority has said it will spend N8.3bn on transportation and travels in 2024. The agency disclosed this in the Government-Owned Enterprises budget proposal submitted to President...

The World Bank estimates that improved access to Internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania. The bank disclosed...

The cost of powering Nigeria’s communications network rose by 34.57 per cent to N429.43bn in 2023 as diesel prices soared. In 2023, telecommunication companies spent about N429.43bn on fueling base...

The shareholders of agribusiness company, Ellah Lakes Plc, have approved the plan to raise about N5bn in capital. The shareholders gave their approval at the last Annual General Meeting of...