Business News

The Organised Private Sector of Nigeria comprising the Manufacturers Association of Nigeria, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, the Nigeria Employers’ Consultative Association, the Nigerian...

Zenith Bank Plc has said it will pay its shareholders N100.47 bn dividend for the 2022 financial period. It disclosed this in a statement after its 32nd annual general meeting...

The Federal Government deducted over N78bn from allocations made to the states for external debt servicing, according to findings by The PUNCH. This was according to data from the Federation...

The House of Representatives has asked the Nigerian Maritime Administration and Safety Agency to stop its plan to disburse the sum of $700m from the Cabotage Vessel Finance Fund. At...

PAC Capital Limited ("PAC") (https://www.PACCapitalLtd.com/) is pleased to have acted as the Lead Financial Adviser and Fund Arranger to Access Holdings Plc ("Access Holdco") on its recently concluded US$300 Million...

The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced the accession of Gabon and Sierra Leone to the...

1. ExxonMobil Reports Record Q1 Profits of $11.4bn Oil giant, ExxonMobil’s profits more than doubled in the first three months of this year, helped by the increased demand for oil...

The Edo State Governor, Mr. Godwin Obaseki, on Monday, said the Federal Government might not be able to pay workers’ salaries beyond June 2023 without resorting to massively printing money...

The International Monetary Fund has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus...

Wema Bank Plc has said it recorded N39.35bn gross earnings in the first quarter of the 2023 financial period. This was a year-on-year increase of 35.04 per cent from N29.14bn...