Business News

Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023, according to a...

The Nigerian Exchange Limited (NGX) concluded the first week of 2024 on a positive note, with sustained investor confidence driving a 6.54% increase in the All-Share index, closing at 79,664.66...

No fewer than nine Ogun communities are currently experiencing power outages due to the drop in power generation from the Egbin power station. The Ibadan Electricity Distribution Company announced this...

The Management of Kaduna Electric has announced the resignation of its Managing Director, Yusuf Yahaya. This was made known in a statement issued by the Head, Corporate Communications, Abdulazeez Abdullahi,...

Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited. The company is already...

The Africa Stablecoin Consortium (ASC), consisting of Nigerian financial institutions, fintechs, and blockchain experts, has announced the launch of the compliant Nigeria Naira (cNGN) stablecoin on February 27, 2024. This...

Foreign investments in Nigeria’s manufacturing sector fell by $326m (54 per cent) to $279.5m in the third quarter of 2023 from $605m recorded in the second quarter, according to the...

The acting Chief Executive Officer of the Nigerian Exchange Limited, Jude Chiemeka, has lauded the collaboration with the National Pension Commission which birthed the NGX Pension Broad Index. In a...

Some passengers have called on President Bola Tinubu to extend the 50 per cent transport rebate deadline to enable Nigerians who travelled to various parts of the country for the...

Nigerian electricity companies are short of an estimated N2tn ($2.5bn) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents....