Business News

Akwa Ibom State Internal Revenue Services said it recorded an increase of over N34.8bn in its revenue generation for the 2022 fiscal year. Our correspondent reports the amount represents a...

Nigerians may have bought over 804,000 smartphones in the first quarter of 2023, MTN Nigeria Communications Plc has hinted. In its unaudited results for the quarter ended 31 March 2023,...

Indigenous energy company, Seplat Energy Plc, grew its revenue by 36.9 per cent to $331m in the first quarter of 2023 compared to $241.8m in the first quarter of 2022....

The African Development Bank (www.AfDB.org) has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub (www.AfricaFintechNetwork.com/), an online portal that will serve...

This week, American Business Magnate Bill Gates added an additional $2 billion to his wealth when Microsoft shares rose following the release of stronger-than-anticipated quarterly earnings. According to Bloomberg's Billionaires...

To improve nations' capacity to prepare for and respond to another catastrophic pandemic like COVID-19, the World Health Organization unveiled a new project on Wednesday. The newest statistics, according to...

About 105,000 micro, small, and medium-scale enterprises borrow N149.6bn from the Development Bank of Nigeria in 2022. This was disclosed in the Annual Integrated and Statutory Report 2022 released during...

Pension Funds Operators have invested N121.68bn of the Contributory Pension Scheme in infrastructure as of the end of February 2023, figures obtained from the National Pension Commission have revealed. PenCom...

The shortage of the naira in recent times crippled the Nigerian economy, the United Nations has disclosed. It stated that the informal sector felt the brunt of the scarcity the...

The National Taiwan Ocean University, Keelong, the Nigerian Institute of Oceanography and Marine Research, Lagos, and Delta State University, Abraka, have joined forces "to use innovative and transformative aquaculture to...