Business News

The International Monetary Fund has said that the removal of trade barriers among African countries will help lift 50 million people out of poverty. The IMF said this in its...

Since the port concession in 2006, APM Terminals said it had invested over $440 million in the Apapa ports. In a statement, the Country Managing Director of APM Terminals Nigeria,...

The developer of the sophisticated chatbot ChatGPT has requested that artificial intelligence (AI) be regulated by US lawmakers. The founder and CEO of the business that created ChatGPT, Sam Altman,...

1. Pharmaceutical firm’s product gets WHO approval Swiss Pharma Nigeria Limited, a subsidiary of Servier, a French multinational pharmaceutical company, says it has received the World Health Organisation prequalification for...

Telecommunication operators may soon begin to charge bank customers’ airtime or data for Unstructured Supplementary Service Data transactions, The PUNCH has learnt. This was due to a proposal from a...

FCMB Group Plc has said it 500,000 new customers which pushed its customer base to 11.4 million in the first quarter of 2023. This growth, it said, reflected the Group’s...

Bargain hunting activities on the Nigerian Exchange Limited drove up the market capitalisation by N102bn to close at N28.542tn at the end of trading on Tuesday. The All-Share Index of...

The International Monetary Fund has said that weaker currencies in Nigeria and other Sub-Saharan African countries are pushing up public debts. This was disclosed in a blog post published on...

On Tuesday, May 17th, 2023, the black market exchange rate between the naira and the US dollar remained stable, trading at an average of N747/$1. This rate held steady from...

Elon Musk, the owner of Twitter, called out fellow billionaire George Soros on Monday, sparking a firestorm online about the controversial liberal financier's role in American politics. Republicans renewed their...