Business News

Private financing flows involving African entities have been projected to exceed the 2022 record of $19.8bn, having hit $19.2bn on November 10. According to data from the Ecofin Pro Transaction...

The Federal Government, as part of efforts to keep the nation secured, disbursed N231.27bn to procure arms and ammunition for security agencies and officers in four years, findings by The PUNCH have...

The International Air Transport Association on Thursday disclosed that as of September, $1.68bn of airlines’ funds are locked across Africa out of a global total of $2.36bn. The Regional Vice-President...

The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline...

During the recent startups' conference and pitch tournament organized by the Franco-Nigerian Chamber of Commerce and Industry (FNCCI) in Lagos, there was a resounding call for a paradigm shift in...

A recent study conducted by the Danne Institute for Research disclosed that Lagos, the commercial hub of Nigeria, is losing a staggering N4tn annually, attributed to profound traffic congestion. The...

The majority shareholder in Geregu Power Plc, Amperion Power Distribution Company Limited, has offloaded one million units of its holdings in a cross-deal stock sale. According to a corporate notice...

The Federal Government and the United Nations, as well as other development partners, are to raise $5bn annually for Nigeria’s Humanitarian and Poverty Alleviation Trust Fund, the Ministry of Humanitarian...

Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country. A survey by The PUNCH, on...

Foreign crude shippers, the Federal Inland Revenue Service (FIRS) has recently issued a firm directive to foreign companies engaged in the transportation of crude oil from Nigeria, urging them to...