Business News

Ms. Patience Oniha, Director-General of the Debt Management Office (DMO), stated that the agency nominated Stanbic IBTC as Government Stockbroker due to its extensive and diverse financial services provider position....

The Federal Government has confirmed the disbursement of ₦15 billion out of the ₦18 billion allocated for the first phase of compensation to property owners affected by the Lagos-Calabar Coastal...

The National Oil Spill Detection and Response Agency (NOSDRA) has initiated oil recovery operations following a spill from Shell's 16-inch Nun River-Kolo Creek pipeline at Obololi community in Southern Ijaw...

The Naira appreciated to N1,530 per dollar in the parallel market from N1,540 per dollar on Thursday. However, it depreciated to N1,502.5 per dollar in the Nigerian Foreign Exchange Market...

Tony Elumelu, founder of Heirs Energies and chairman of Heirs Holdings, has emphasised Nigeria's need to increase its oil production to generate revenue essential for economic diversification and national development....

Airtel Nigeria has reported a significant decline in data revenue, amounting to $344 million for the nine months ending December 31, 2024, a sharp decrease from the $539 million recorded...

The Nigerian government has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, seeking $81.5 billion in damages. The lawsuit comprises $79.5 billion for alleged economic losses and an...

The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR), its benchmark interest rate, at 27.5%. Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, made...

Yesterday, the Naira rose to N1,550 per dollar on the parallel market, up from N1,565 per dollar on Tuesday. Similarly, the Naira rose to N1,509.53 per dollar on the Nigerian...

The Federal Government has declared that, as of March 1, 2025, fuel tankers with a capacity of more than 60,000 litres will not be allowed to travel on Nigerian roadways. The...