Business News

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...

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...