Business News

The minority shareholders of Glaxo SmithKline Consumer Nigeria Plc have agreed that their shares should be acquired at the rate of N17.42 per unit as the company concludes the process...

Taxes from companies and consumers rose by 59.07 per cent to N6.19tn in the first nine months of 2023. In the first three quarters of 2023, the total amount paid...

The poor state of electricity in Nigeria adds 40 per cent to the cost of manufactured products, a new report by Nanyang Technology University’s Centre for African Studies has stated....

The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data. The analytical firm said the development...

African Development Bank Group President, Dr Akinwumi Adesina, has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialisation progress by penalising value-added exports including...

Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed. According to figures obtained from the CBN’s August economic report on...

The withdrawal of the management of pilotage from Integrated Logistics Services Nigeria Limited has cost the Federal Government $161m, Nigerian Ports Authority has disclosed. The NPA, in a statement on...

The Presidential Compressed Natural Gas Initiative says N100bn has been earmarked to facilitate the deployment of CNG buses across the nation. This information was contained in a statement released on...

The Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$. This is coming barely three weeks after the rate...

The Nigerian Exchange Limited (NGX) market capitalization witnessed a significant gain of N305.61 billion as the equities market closed on a positive note, gaining 558.47 basis points. The NGX All-Share...