Business News

The cost of powering telecommunication services has hit N33.47bn per month following a 55.16 per cent year-on-year increase in the cost of diesel. According to the National Bureau of Statistics,...

The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected to hold...

African Banker magazine has announced the shortlist of nominees for this year's edition of its African Banker Awards (www.AfricanBankerAwards.com). Since their inception in 2007, the African Banker Awards have sought to...

The transactions done by foreign investors on the Nigerian Exchange Limited decreased by 53.16 per cent from N19.62bn (about $42.51m) to N9.19bn (about $19.94m) between February and March 2023. This...

The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security Update report issued on Wednesday. “Information from the latest month...

According to a new report from the Africa Private Equity and Venture Capital Association, Nigeria will receive the most venture capital investments in 2022, as captioned by the Entrepreneurng report....

Guaranty Trust Holding Company's CEO Segun Agbaje has been named the highest-paid bank CEO in Nigeria for 2022. According to information from GTCO's 2022 audited financials, Agbaje received a staggering N445.69...

The five richest people in the world saw a $120.27 billion boost in fortune in just four months, with Bernard Arnault and Elon Musk experiencing the largest gains. The five...

1. Setback as AON blocks Nigeria Air takeoff with court order Nigeria Air’s plan to obtain the Air Operator’s Certificate (AOC) from the Nigeria Civil Aviation Authority (NCAA) has suffered...

The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents. This is as foreign investments inflow...