Business News

Ajay Banga, a citizen of the United States, has been named as the sole candidate for the role of the World Bank Group's next president, according to the board of executive...

Port Standing Task Team, PSTT, said its operations saved visiting ships over N5.4 billion that they should have paid as demurrage between 2021 and 2022. Delivering its scorecard, National Coordinator, PSTT,...

Nigeria’s total public debt stock consisting of domestic and external debt stocks of the Federal Government of Nigeria, the 36 State Governments and the Federal Capital Territory hit N46.25 trillion...

Afreximbank has provided Nigeria’s Parallex Bank Limited a trade finance facility worth $10m, in line with its strategy to assist African banks to enhance and complement existing trade finance lines....

First Bank of Nigeria Limited has announced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa. The bank disclosed this in a statement by...

People were made aware of the dangers of investing by the failure and government take over of Silicon Valley Bank and Signature Bank. As a result, the stock market fell,...

According to the departing World Bank president, a sharp increase in financial assistance is required to help poor nations cover the $2.4 trillion (£1.9 trillion) yearly cost of addressing the...

After two days of sustaining losses worth N963bn, the Nigerian Exchange Limited rebounded with a N261bn gain for investors. From 53,124.63, the All-Share Index appreciated 479.17 base points to 53,...

The Federal Government, on Wednesday, raised the alarm over the rising cases of deadly incidents in filling stations, depots and by tanker drivers, which had claimed about 633 lives in...

The President, Chartered Institute of Bankers of Nigeria, CIBN, Mr. Ken Opara, said the banking industry is setting up a $20 million human capital fund to groom and nurture financial innovation...