Business News

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...

The stock market of the Nigerian Exchange Limited (NGX) yesterday closed on a bearish note as the capitalisation dipped by N134.25 billion, triggered by losses in Airtel Africa Plc and...

The Movement for the Survival of Ogoni People has accused the Federal Government of not being sincere with the implementation of the $1bn hydrocarbon cleanup of Ogoniland in Rivers State....

The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal...

A former General Manager, Shipping and Terminal Operations, Crude Oil Marketing Division of the Nigerian National Petroleum Corporation, Kon Bob-Manuel, has said that the inability of Nigerian vessels to comply...

Airtel Networks Limited has paid the Nigerian Communications Commission $316.7m for 100 MHz of spectrum in the 3500MHz band for the deployment of fifth-generation network and 2x5MHz of 2600MHz to...