Business News

Gold reached a new high on Monday, as rising expectations that the Federal Reserve will cut interest rates in the new year have weakened the dollar in recent weeks. The...

1. Nigeria’s trade surplus rises 47% to N1.88trn in Q3’23  Nigeria’s trade surplus improved further in the third quarter, Q3’23, rising 47 per cent, quarter on quarter, QoQ, to N1.88...

The official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market, witnessed a 14.96 per cent drop in turnover to N3.66tn ($4.66bn) in October from N4.15tn in September. According to...

The financial services industry of the Nigerian Exchange Limited dominated trading activities in the past week, even as investors lost N90bn at the close of trading despite bullish sentiments. The...

Federal allocations to lawmakers, judges, the Independent National Electoral Commission, and seven others is set to increase by 39.66 percent in 2024 to N1.38tn, an analysis of the 2024 budget...

No fewer than 91,214 relatives of deceased workers under the Contributory Pension Scheme have got N356.32bn pension settlement. The National Pension Commission revealed this in its second-quarter report on approval...

Players and stakeholders in Nigeria's burgeoning event industry are championing the infusion of technology to propel the sector forward, with its current estimated valuation standing at an impressive $20 billion....

During the Liquefied Petroleum Gas (LPG) conference held in Abuja, the clarion call for the comprehensive adoption of Autogas resonated among major stakeholders. Their consensus was grounded in the belief...

Nigeria’s local refineries output has dropped by 92 per cent in 10 years, according to data the Statistical Review of the World Energy 2023 report. The report showed that output...

Nigerian insurance companies earned N729.1bn premium from life and non-life businesses in the first three quarters of 2023 financial period. The National Insurance Commission disclosed this in a report titled,...