Business News

The British International Investment, the United Kingdom’s development finance institution and impact investor, has concluded plans to invest $15m in equity into a Singapore-headquartered agricultural commodities trading house, Valency International....

Trading activities on the Nigerian Exchange Limited moderated on Tuesday even as the investors gained N130bn at the close of trading. Both the All-Share Index and the market capitalisation appreciated...

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) experienced a 0.33% increase, primarily propelled by buying interest in the shares of selected banks, notably Access Holdings Plc and Guaranty Trust...

1. Zungeru plant begins operation Dec, Mambilla suffers fresh setback The Minister of Power, Adebayo Adelabu, has justified why the Mambilla Power project did not get any allocation in the...

Nigeria witnessed another collapse of its national grid on Monday, leading to a crash in power generation from 4,032.8 megawatts around 1pm to 43.5MW at about 2pm the same day....

About 20 German companies have expressed their interest in investing resources and technical knowledge to boost local production and improve the nation’s export commodities. This followed a dialogue between officials...

The All-Share Index, which tracks the movement of all equities listed on the Nigerian Exchange Limited, rose by 34.11 per cent in the first six months under the administration of...

The naira appreciated by 27.16 per cent to close at N864.29/$ on the official Investors and Exporter window on Monday. This is as the daily turnover of the dollar surged...

1. CBN suspends charges on large cash deposits The Central Bank of Nigeria, CBN, has suspended charges on cash deposits above the regulatory limits of N500,000 for individuals and N3,000,000...

Over 2,000 former staffers of the defunct Nigerian National Shipping Line have demanded N150bn from the Federal Government as retirement benefits. The Chairman of the group, Mr Esua Okon, in...