Business News

International financial experts at the Association of African Development Finance Institutions (AADFI) have projected that Africa could suffer a substantial economic setback, losing around $30 billion in Gross Domestic Product...

The Chairman of AA Holdings, Austin Avuru, has projected that demand for Nigeria’s crude oil would drop by 61 per cent in the international market by 2060. He said this...

Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This is as the apex bank directed all its branches across...

MTN Nigeria has raised N52. 89bn from its Series 8 & 9 Commercial Paper issuance under its N250 billion Commercial Paper Issuance Programme. This was revealed in a notice filed...

The oil and gas sector in the country failed to attract any foreign investment for the first time in Q2 2021, amid the global push for cleaner energy, according to...

CardinalStone Partners Limited, a prominent multi-asset investment management firm based in Nigeria, recently achieved remarkable recognition by clinching four prestigious awards at the prestigious BusinessDay Banks and Other Financial Institutions...

Foreign airlines have disclosed that about 90 per cent of their $783m trapped funds have not been unpaid. The airlines stated this during a stakeholders’ forum convened by the Minister...

The Nigerian National Petroleum Company Limited on Tuesday said it had launched a new crude oil grade ‘Nembe’, and had shipped its first cargo in October consisting of two 950,000...

Determined to fortify Nigeria’s trade competitiveness, the Nigeria Port Authority has said it is launching a whopping $1.1bn for the rehabilitation plan of all the ports in Nigeria in the...

The federal government has so far saved about N1.45tn from earnings generated from the removal of subsidy on Premium Motor Spirit, popularly called petrol between June and September. This is...