Business News

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,...

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...