Business News

Nigeria is not among the top 10 producers of coffee in Africa, which includes Burundi, Cameroon, Côte d’Ivoire, the Democratic Republic of Congo, Ethiopia, Guinea, Kenya, Madagascar, Rwanda, Tanzania, Togo,...

Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria tried to unify the country’s foreign exchange rates. On June 14, the apex bank...

Charlie Scharf, the CEO of Wells Fargo, informed investors on Tuesday that he anticipates booking higher-than-expected severance costs in the fourth quarter, ranging from $750 million to slightly less than...

1. Cash shortage hits banks, customers rush for BVN/NIN revalidation  Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers...

Losses recorded in the equities of some medium-cap companies dragged the market capitalisation of the Nigerian Exchange Limited to a loss of N259bn on Monday. Atop the losers’ chart was...

Indigenous player in the energy sector, Falcon Corporation Limited, has secured a N19.41bn debt facility from the Chapel Hill Denham Nigeria-managed Infrastructure Debt Fund. According to a statement made available...

The Nigerian Upstream Petroleum and Regulatory Commission has said the Federal Government is planning to revoke unused oil exploration leases that companies were granted but have not been able to...

Nigeria’s foreign trade in the third quarter of 2023 rose by 53.16 per cent year-on-year to N 18.80tn. This is as crude oil revenue surged by 83.23 per cent to...

Nigeria recorded a surplus of N1.8 trillion as its foreign trade witnessed a substantial 60.7% surge, reaching 18.8 trillion in the third quarter of 2023, according to a report by...

The government has recently been advised to strategically allocate pension funds into sectors that possess a direct and tangible impact on the well-being of its citizens, thereby providing a substantial...