Business News

Profit-taking by investors has dragged the market capitalisation to a loss of N296bn at the close of trading on Thursday. The Nigerian Exchange Limited All-Share Index dropped by 539.48 basis...

The Nigerian National Petroleum Company Limited, on Thursday, said it was set to provide six million barrels of crude oil to the Dangote Refinery. On Thursday, The PUNCH exclusively reported...

The Agriculture Development Farmers Association of Oyo State has urged the Central Bank of Nigeria to reduce the lending rate to boost food production. The Chairman of the association, Salihu...

The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors, the PUNCH can report. A source familiar with the development confirmed...

Nigerians are currently facing a multitude of financial challenges, and the latest announcement from Multichoice, the company behind DStv and GOtv, is likely to add to their woes. The company...

ForexTime (FXTM), a prominent forex broker, made headlines recently by hosting its inaugural Battle Royale competition in Nigeria. This competition was not your typical trading event; it was a dynamic...

The British International Investment, the UK’s development finance institution, has announced a $26.5m commitment to AFEX, to address food security in Nigeria, Kenya, and Uganda. Addressing journalists in Lagos on...

The Federal Government, on Wednesday, met with operators of domestic refineries in a bid to address concerns about the unavailability of crude oil for indigenous refiners. It specifically stated that...

A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before the end of 2023....

The naira exchanged at 1,185/$ on Wednesday at the parallel market, as liquidity challenge persisted, according to some Bureau de Change Operators. Some BDC operators who spoke to The PUNCH, said...