Business News

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...

Chemical and agro-allied company, Notore Chemical Industries Plc, said it recorded N4.1bn revenue in the first quarter of 2023, which ended March 31, despite gas supply shortage. This was disclosed...

The expensive failure of the business's collaboration with well-known rapper Kanye West has prompted Adidas shareholders to pursue a class action lawsuit against the large sportswear company, as captioned by...

Jack Dorsey, the former CEO of Twitter, retracted his earlier support for Elon Musk as the ideal candidate to run the company on Saturday, criticizing the billionaire for guiding Twitter...

As part of the implementation of the Common External Tariff (CET) 2022–2026 of the Economic Community of West African States (ECOWAS), the Federal Government has announced a review of the...

Kogi Heritage Protection Advocacy has pleaded with the Bureau of Public Enterprises and the Economic and Financial Crimes Commission, among others, to stop the Federal Government's proposals for concessions on...