Business News

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,...

Nigeria Liquefied Natural Gas Limited has pointed to vessel scarcity, fluctuations in foreign exchange rates, and soaring oil prices as the primary causes for the recent surge in cooking gas...

China’s declining growth is set to affect Nigeria’s economic fortune, the International Monetary Fund has disclosed. IMF noted that because China has forged deep economic ties with countries in sub-Saharan...

The value of pension funds has declined by 45.18 per cent when valued in dollars, following the devaluation of the naira. Data obtained from the National Pension Commission’s website showed...

The Federal Government’s recently agreed wage with the Labour Congress, salaries to federal workers, and other non-debt recurrent costs are expected to gulp N7.76tn in 2023. This is based on...

An adviser to Europe's top court stated on Thursday that a European tribunal should reconsider its decision to decide in favour of Apple over a tax judgement worth €13 billion...