Business News

In the aftermath of the reforms in the petroleum and foreign exchange sectors of the economy, small business owners have reported significant losses and setbacks in their operations. President, Association...

The National Bureau of Statistics, NBS yesterday said that the  prices  of beef and Yam rose up by 24.9 per cent and 22.8 per cent Year-on-Year, YoY respectively in May,...

No fewer than 108,552 annuitants received N216.66bn lump sum under the Contributory Pension Scheme as of the end of the first quarter of 2023, figures obtained from the National Pension...

Nigeria may miss a World Bank’s target of 148 million National Identification Number registrations by June 2024 after total NIN registrations hit 101 million as of June 2023. Under the...

According to statistics from the June 2023 Offshore Rigs Tracker, which was released on Monday by Hawilti and the Caverton Offshore Support Group Plc, Angola and Nigeria are now the largest crude...

1. CBN intervenes as more PoS operators implement rate hike Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of...

The board of directors of the African Development Bank Group has approved $115m loan to support a major road rehabilitation project in Abia State. The project would ensure the rehabilitation...

The Private Infrastructure Development Group has stated that it would deliver $9bn in commitments and mobilise $25bn in additional finance to benefit 100 million people in emerging markets and developing...

The equities market on the Nigerian Exchange Limited, NGX opened the week positively on Monday as investors gained over N534 billion. The NGX- All Share Index, ASI, another stock market indicator,...

There are indications that banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as their borrowings from the apex bank intensifies. A CBN data...