Business News

The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent. The PUNCH reports in March that the...

The Central Bank of Nigeria (CBN) has announced revocation the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country. The revocation is contained...

The foreign exchange turnover of Naira against the United States of American dollar on the Investors & Exporters window fell by 47.08 per cent in April. This was disclosed in...

Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges, The PUNCH reports. In a conversation with our correspondent on Monday, the Chairman of the...

Bill Gates, co-founder of Microsoft, predicts that the leading artificial intelligence firm of the future will have developed a personal digital agent that can carry out certain tasks on behalf...

1. Dangote refinery petrol hits market July, FG to save N7tn The Federal Government may save about N35tn in fiscal expenditure within the next five years with the commencement of...

JPMorgan Chase has raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. According to CNBC, the bank will generate about $84...

The total interest-bearing liabilities of consumer goods manufacturer, Nestle Nigeria Plc, rose to N155bn at the end of the 2022 financial year from N76.864bn in 2021, indicating a 102.05 per...

The Managing Director/Chief Executive of the Lagos Free Zone (LFZ), Mr. Dinesh Rathi, has said that the LFZ is expected to contribute $12 billion to Nigeria’s Gross Domestic Product (GDP)...

The Federal Government, on Monday, announced that no unlicensed petroleum product dealer would be allowed to load products from June 1, 2023, as it vowed to shut down such businesses...