Business News

The Federation Account Allocation Committee says it shared N714.63bn among the three tiers of government in March 2023. The figure represents a decrease of N8.05bn compared to the N722.68bn shared...

The Federal Government on Wednesday in Abuja, approved the second phase of the electronic Nigeria Social Insurance Trust Fund, which will enable concessionaires to upgrade the infrastructure at N15bn. Minister...

The Federal Government, on Wednesday, in Abuja, approved an e-Customs modernisation project worth at least N142.24bn amid reports of an existing court order restraining it from proceeding with the project....

1. TotalEnergies appoints new executive director The Board of Directors of TotalEnergies Marketing Nigeria Plc has approved the appointment of Mrs Bunmi Popoola-Mordi as an executive director... Read more Source:...

The currency in circulation in the country jumped by N701.4tn in one month to hit N1.6tn in March, 2023 after the Central Bank of Nigeria reversed its policy on the...

Afriland Properties Plc’s shareholders have approved N137.4m dividend payout for the 2022 financial period. The real estate firm disclosed this in a statement on Tuesday. It said the Chairman, Afriland...

The number of   electricity consumers without metres and hence under the much criticized estimated billings of Distribution Companies (DISCOS) increased by 190,000 or 3.34 per cent to 5.93 million in 2022...

The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors. The All-Share Index also appreciated by 11.54 base points to 51, 138.92, pushing the year-to-date returns marginally to...

1. Why Nigeria is poor despite potential – Mamora The Minister of Science, Technology and Innovation, Adeleke Mamora, has given reasons why Nigeria remains a poor country despite being blessed.....

The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last...