Business News

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....

Elon Musk's aerospace company, SpaceX, has recently undertaken a significant venture by deploying six Starlink satellites equipped with direct-to-cell capabilities. This strategic move is poised to revolutionize global mobile communication...

The naira closed trading at N1035.12/$ on the official Investor and Exporter foreign exchange window on Wednesday. This is a 4.72 per cent decline from the N988.46/$ it closed trading...

The Independent Petroleum Marketers Association of Nigeria has said that its members cannot afford to purchase 45,000 litres of petrol due to the removal of fuel subsidy by President Bola...

The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year, according...

According to the Central Bank of Nigeria’s (CBN) economic report for the third quarter of 2023, foreign direct investors have significantly increased their asset disposals in Nigeria, reaching a substantial...