Business News

The naira yesterday appreciated to N1,300 per dollar in the parallel market from N1,305 per dollar on Wednesday. However , the naira depreciated in the Nigerian Foreign Exchange Market (NAFEM)...

The Federal Government has signed a $463m power distribution lines upgrade contract with a Chinese consortium. While making the announcement in Abuja on Thursday, the government explained that the contract...

Key players in Nigeria’s coffee segment are optimistic that the industry has the potential to earn $2bn in the next two to three years. This buoyant outlook is underpinned by...

Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data-driven insights provider announced this while unveiling its Pan-African inflation forecasts. It projected...

Fidelity Bank has inked a significant $40 million deal with AFREXIM Bank and JohnVents Industries for cocoa export. This agreement, signed during the second edition of the Fidelity International Trade...

Guaranty Trust Holding Company Plc has reported profit before tax of N433.2bn, representing an increase of 155.2 percent over N169.7bn recorded in the same period in 2022. This was disclosed...

Two separate bills demanding greater transparency in the operations of the Central Bank of Nigeria, CBN, passed second reading in the Senate on Wednesday. The first bill titled: Central Bank...

The African Petroleum Producers Organisation has kicked against the push for a speedy implementation of energy transition in Nigeria and other countries in Africa. APPO, an inter-governmental oil and gas...

The Directors of the action aid country have recently issued a strong call to the International Monetary Fund (IMF) and the World Bank, urging them to change their approach toward...

The Central Bank of Nigeria has recently disclosed that Nigeria's total money supply, identified as M2, surged to an impressive N66.4 trillion in September 2023. M2 encompasses the total amount...