Business News

The Central Bank of Nigeria (CBN) has discontinued free withdrawals for consumers using other banks' Automated Teller Machines (ATMs). Remember, it was set at three free withdrawals each month. The...

The Dangote Petroleum Refinery, Africa's largest, is set to reach full production capacity within the next 30 days. Devakumar Edwin, Vice President of Dangote Industries, told Reuters that measures are...

Shell Petroleum reported an oil spill yesterday in Ogale, near Port Harcourt, after a saver pit overflowed during flushing operations in the Niger Delta. The company stated that its spill...

Neimeth International Pharmaceuticals Plc plans to restructure its foreign currency-denominated debts after incurring N2.03 billion in foreign exchange, or FX, losses. Speaking to the media about the development, Pharm. Valentine...

The Federal High Court in Lagos upheld the Federal Competition and Consumer Protection Commission's (FCCPC) jurisdiction to oversee industry titans like MTN Nigeria and regulate competition and consumer protection in...

Today, the naira strengthened to N1,560 per dollar in the parallel market, up from N1,590 per dollar on Thursday.However, the naira fell to N1,502.5 per dollar in the Nigerian Foreign...

The National Pension Commission (PenCom) has paid out ₦82 billion to families of deceased pension contributors. This program guarantees the proper distribution of payments to the surviving employees' legal beneficiaries...

MTN Nigeria has apologised to its customers for the major network outage that caused internet services to be interrupted in several areas of Lagos State. Many subscribers were unable to...

Exporters in Nigeria have reported financial losses of more than $10 million during a five-day period as a result of difficulties caused by the integration of the Central Bank of...

In the parallel market, Nigerian Naira has shown a pattern of gaining compared to the US dollar. As of February 8, 2025, the Naira strengthened from ₦1,570 on Thursday to...