Business News

Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023....

Development Finance Institutions under the auspices of the Association of African Development Finance Institutions have called for actionable plans to incorporate climate-resilient products into African business models as part of...

The Nigeria Customs Service, Western Marine Command, intercepted different contrabands worth N924m between August and October, the command has said. The command in a statement on Friday by its spokesperson,...

Oil and gas giant, Saudi Aramco, which is also one of the leading companies in the world by revenue, is a major target of the proposed dual listing of the...

A report by the Economist Intelligence Unit on Friday  questioned the financial capacity of the central bank to clear $6 billion forex backlogs owed to banks, noting that CBN “lacks...

The naira lost 15.79 percent of its value on the parallel market this week to close trading at N1,100/$. This was a 15.79 percent depreciation from the N950/$ it closed...

The Chairman of the Fiscal Responsibility Commission, Barrister Victor Muruako, has commended President Bola Tinubu’s dedication to enhancing the Fiscal Responsibility Act, 2007. The statement, released by Bede Ogueri Anyanwu,...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, on Friday, revealed plans by the government to present a detailed implementation of revenue disbursed to...

The African Development Bank has contributed $1.5bn towards advancing the export of value-added agricultural products through the Special Agro-Industrial Processing Zones initiative. The President of the Bank, Dr. Akinwumi Adesina...

The Bank of Industry (BoI) has announced the implementation of an on-lending financing scheme through local financial institutions to support customers interested in adopting clean energy solutions. Dr. Olasupo Olusi,...