Business News

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines...

14 fossil fuel companies in 24 months made profit windfalls of $346.713bn, a report by ActionAid has said. The report has it that the fossil fuel firms, between June 2021...

In a week of positive momentum, the Nigerian Exchange Group (NGX) witnessed an impressive 13.8% surge, culminating in a 2.87% gain on the last trading day. The NGX All-Share Index...

The Executive Secretary of the Nigeria shipper's council Pius Akutah, has unveiled pivotal plans orchestrated by the Ministry of Marine and Blue Economy to navigate the challenges plaguing the maritime industry,...

The Nigerian Export Promotion Council (NEPC) has recently unveiled concerning statistics indicating a decline in the nation's non-oil exports. Despite the federal government's dedicated efforts to diversify the economy away...

Diesel, as Nigerians eagerly await the transformative impact of the Dangote Petroleum Refinery on the nation's energy sector, a noticeable trend in the market has been the consistent upward trajectory...

Amidst revenue pressures facing the 2024 national budget, the Federal Government, FG, has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways...

At the backdrop of the sustained revenue pressure and scarcity of foreign exchange the Federal Government, FG, has opened talks with the World Bank to secure a $1.5 billion loan....

The Group Managing Director of Cowry Asset Management Limited, Johnson Chukwu, has projected that in a worst-case scenario, the Nigerian currency may depreciate to N1,500 against the dollar during the...

The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council has said. The drop represents a $300m or 6.3 per...