Business News

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...

The Chairman, Seaports Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, said the Federal Government’s port concession programme has saved the country about US$8.5 billion (N3.91 trillion) which was...

1. FG $22bn loan request rejected by Chinese bank – Reps The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development...

Shola Akinlade, co-founder and CEO of Paystack, has acquired a 55% ownership position in Danish second-division team Aarhus Fremad. Aarhus Fremad will join the Nigeria National League's Sporting Lagos FC,...

Banks, yesterday, increased cash payout to customers leading to sharp reduction in the long queues and massive crowds that characterised the cash dispensary points in the last two and half...

The Central Bank of Nigeria has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines. The...