Business News

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...

Procter & Gamble (P&G), a global consumer goods leader, has announced plans to discontinue its on-ground operations in Nigeria, citing challenges related to the foreign exchange situation. This move is...

Islamic finance, the Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, recently shared insightful information about the burgeoning Islamic finance sector in Nigeria. As of the close of...

1. NADDC urges institute to adopt technology The Director General of the National Automotive Design and Development Council, Joseph Osanipin, has advised the Auto Sector Skills Council to incorporate advanced...

Civil society organisations and power consumer groups have expressed concern over the N618bn multilateral and bilateral loans allocated to the Ministries of Finance and Power in the 2024 budget. Although...

Bolt, a ride-hailing company, has disclosed that it has suspended more than 5,000 drivers in the last six months due to non-compliance and safety-related issues. The Country Manager of Bolt,...