Business News

The Nigerian Ports Authority (NPA) has announced a 15% rise in port charges, which is the first revision since 1993. This decision seeks to address ageing infrastructure and improve the...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed worry that oil producers are diverting roughly 500,000 barrels of crude oil per day that were initially intended...

FCMB Group Plc has listed 19.8 billion shares on the Nigerian Exchange Group (NGX) following a public offering that was 33% oversubscribed, indicating high investor confidence. The listing, which was finalised...

The Naira rose more in the parallel market yesterday to N1,610 per dollar, up from N1,615 per dollar last Friday, as sluggish dollar demand persisted. However, the Naira fell to...

Nigerian investors' desire for mutual funds has grown, with total assets under administration increasing by 80.8% Year on Year (YoY) to N4.1 trillion on January 24, 2025, up from N2.3...

The Nigeria Labour Congress (NLC) has halted its planned nationwide demonstration against the recent 50% rise in telecommunications charges. This decision came after a meeting with representatives of the federal...

The Federal Government's intentions to increase electricity tariff by more than 66%, from N116.18 to N193.63 per kilowatt-hour, have been met with opposition from power users. Speaking to reporters at the...

Dangote Petroleum Refinery declared on February 1, 2025, that the ex-depot price of Premium Motor Spirit (PMS), also referred to as petrol, would drop from ₦950 to ₦890 per litre....

Oando Plc has unveiled its unaudited results for the fiscal year ending December 31, 2024. The company experienced a 45% increase in revenue, which soared to ₦4.1 trillion, compared to...

BUA Foods has posted an impressive financial performance for 2024, with its after-tax profit skyrocketing to ₦274.9 billion, marking its highest-ever annual earnings. This figure represents a remarkable 145% increase...