Business News

The new Business Facilitation Bill has been forwarded to President Muhammadu Buhari for final approval by the 9th National Assembly. This information was revealed in a statement issued on Friday...

The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria...

The Nigeria Employers’ Consultative Association has stated that the country has been losing about $2.5bn monthly for failing to meet the 1.8m barrel per day crude oil production allocation by...

The Apapa Area Command of the Nigeria Customs Service has said that between January to December 2022, the command collected revenue worth N1tn. Addressing journalists at the command in Apapa,...

The Indian High Commissioner to Nigeria, Shri Balasubramanian, has disclosed that over 135 Indian companies have so far invested $19bn in Nigeria in the last four decades of diplomatic relations...

Positive sentiment prevails on the stock market of the Nigerian Exchange Limited (NGX) yesterday after prior day’s profit-taking as the investors’ investment up by N154 billion. The overall market capitalisation value...

Deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022. This was contained in the personal...

The World Bank Group has once again lowered its growth projection for Nigeria’s economy, citing a weakened oil sector as its primary reason. This was contained in the bank’s Global...

The price of household Kerosene, also known as cooking kerosene skyrocketed by over100 per cent in one year. Latest data from the Nigerian Bureau of Statistics for November, showed average...

The Central Bank of Nigeria has said there is a huge circulation of the new naira notes in the economy. The CBN Lagos Branch Controller, Godfrey Koyor, said this during...