Business News

Despite the adoption of cashless payment systems across different segments of the country, the Nigerian Railway Corporation has insisted on cash payment for its transactions, especially for fares along its...

The Nigerian National Petroleum Company Limited, on Monday said, it had about 1.8 billion litres of Premium Motor Spirit, popularly called petrol, that would be enough from mid-February to March...

Many Nigerians are still paying far above N185 per litre approved pump price of petrol amid fuel scarcity, a report of the National Bureau of Statistics has indicated. The PUNCH had...

Operators in the building industry have argued that the rising cost of building materials has contributed to collapses experienced in the country. A realtor, Akintayo Yusuf, frowned at the incessant...

About 40 per cent of the volumes credited to crude oil losses in the Nigerian petroleum industry are due to measurement inaccuracies and not theft, the Federal Government said on...

Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn, a Central Bank of Nigeria document obtained by The PUNCH has revealed....

The stock market of the Nigerian Exchange Limited (NGX) posted its first weekly decline in February as investors trade with caution over 2023 election uncertainties. Specifically, the loss recorded on the final trading day,...

The Lagos Chamber of Commerce and Industry has warned that the recent sustained rise in the general price level has caused some deterioration in purchasing power. In a statement signed...

The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, the highest level since 2014 and the most significant year-on-year...

The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the bank’s autonomy and governance. IMF made the call in the...