Business News

The value of electronic utility payments fell by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy aimed at growing cashless transactions. In February, the...

Abbey Mortgage Bank has said it recorded N830.4m profit before tax in its 2022 financial period. The bank disclosed this in a statement to celebrate its 31st anniversary. It said,...

The stock market of the Nigerian Exchange Limited (NGX) yesterday opened the new trading week extending its losing streak for the seventh consecutive session as investors’ weak sentiment trading down...

ABOUT 75 per cent of electricity consumed in Nigeria comes from diesel and petrol-powered generators, the latest reports released on Monday by the Society for Planet and Prosperity, GCA Capital...

1. Unilever Nigeria puts up business for sale over naira devaluation Unilever Nigeria has concluded plans to exit the Home Care and Skin Cleansing market by selling its business segment.....

Adelani Adedeji, Managing Director and Chief Executive Officer of Aceline Brokers Limited, thinks innovation is necessary to increase penetration in the insurance industry. FELIX OLOYEDE discusses pressing concerns in the...

According to an Entrepreneurng report, the Bank of England will not object to UBS acquiring neighboring Swiss firm Credit Suisse as soon as this weekend to avert a crisis that...

Proposals by loss-making retailer John Lewis to discontinue more than seven decades as a 100% employee-owned business have received criticism from an MP and advocates its mutual ownership model, Entrepreneurng...

The Nigerian Exchange Limited has sanctioned 16 companies for various market infractions in three years, according to findings by The PUNCH. Specifically, the NGX imposed the sum of N779.5m fine on...

The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors. This bearish trend...