Business News

The sale of a stake in a Russian gas project that Shell left during the invasion of Ukraine last year might net the company around £1 billion, Entrepreneurng report. According...

1. IMF, COP28 President-designate call for action on climate finance The International Monetary Fund, COP28 President-Designate and UN Special Envoy for Climate Action and Finance have called for measures needed...

Afriland Properties Plc has said its total assets increased by 12 percent to N19.4bn in the 2022 financial period from N17.3bn in 2021. It disclosed this in a statement on...

Opening the week, yesterday, investors' profit-taking in Airtel Africa Plc continued to dominate the Nigerian stock market as the overall capitalisation declined by N569 billion. The N569 billion decline in...

The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January...

Okomu Oil Palm Plc, Presco Plc lead three other listed agriculture companies on the Nigerian Exchange Limited (NGX) to declare a sum of N35.4billion profit in 2022 financial, representing an...

To compete with Tesco's Clubcard program, Sainsbury's has started lowering prices on more than 300 goods for Nectar loyalty card holders, Entrepreneurng report. Similar to its rival Tesco's popular Clubcard...

1. IMF retains Nigeria’s 3.2% economic growth projection The International Monetary Fund has retained Nigeria’s 3.2 per cent economic growth projection for 2023 in its recent world economic outlook update.....

The Pension Funds Administrators reduced the funds under the Contributory Pension Scheme that were invested in fixed deposits and bank acceptance to N1.6tn in February. This was as the total...

Increased 5G rollout and 4G expansion improved foreign investments into the telecommunications sector by 325.12 per cent in 2022. The capital importation data from the National Bureau of Statistics showed...