Business News

The Federal Government’s debt to the Central Bank of Nigeria through the Ways and Means Advances fell to N4.36tn after most of it was restructured in June, 2023, Saturday PUNCH has learnt....

Oil marketers say mixing ethanol with Premium Motor Spirit can crash the price of petrol across the country to N49 per litre, as the country is experiencing its scarcity in...

John Musunga, the Chief Executive Officer of Guinness Nigeria Plc, has recently reiterated the company's unwavering commitment to Nigeria and its determination to further invest in the country. In a...

Trade, a delegation of American investors, as part of the USAID-sponsored American Institutional Investor Reverse Roadshow, has expressed considerable enthusiasm for the multitude of opportunities present within Nigeria, particularly in...

The electricity distribution companies, DisCos, have improved their revenue collection while reducing losses arising from technical, commercial and general operations. The National Electricity Regulatory Commission, NERC, said that the Aggregate...

President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for a term...

Queues at petrol stations in Lagos, Abuja and several cities across the country grew longer yesterday as marketers claimed that the depots now have limited supply. Petrol marketers told Vanguard that...

Nigeria’s exports to Angola hit $ 16.8 million between 2020 and 2022, the Secretary of State for International Cooperation and Angola communities, Domingos Lopes, said. Lopes stated this at the...

The African Export-Import Bank (Afreximbank) has signed a 7-year term loan agreement with Nigeria's Alphaden Energy & Oilfield Limited to construct a 20 million standard cubic feet per day gas...

Insurance companies in Nigeria transferred 63.4 per cent of the businesses they generated in the second quarter of 2023, Q2’23, to their foreign counterparts. The volume of the transfers breaches...