Business News

The Nigeria Employers’ Consultative Association has stated that dwindling input and forex scarcity were adversely impacting businesses in the country. The Director-General of Nigeria Employers’ Consultative Association, Mr Adewale Oyerinde,...

The Nigeria Financial Intelligence Unit has prohibited cash withdrawals from accounts belonging to the Federal Government, all its agencies, states and local governments. It also announced new guidelines for compliance...

Trading activities on the floor of the Nigerian Exchange (NGX) closed on a bearish note as investors lost N429.8 billion in market capitalization following profit-taking in Airtel Africa Plc, 15...

The Nigerian Ports Authority has said that for Nigeria to benefit fully from the $3.4tn African Continental Free Trade Agreement, the country needs to reduce the local cost of doing...

The Chairman of the House of Representatives Committee on Defence, Babajimi Benson, has said the N2.74tn budgeted for security in the 2023 Appropriation Act is inadequate. He said the entire...

The President, Aircraft Owners and Pilots Association of Nigeria, Alex Nwuba, has disclosed that airport privatisation will help to reduce the subsidy burden on the Federal Government. In a telephone...

The Nigerian Exchange Limited (NGX) has disclosed that Oando Plc and Union Bank of Nigeria Plc have exited NGX-30 Index, while BUA Foods Plc and Wema Bank Plc have joined...

Following the receipt of all required regulatory approvals, Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new directors across the Group. Underscoring the...

Zenith Bank Plc has announced the retirement of two executive directors, Ummar Shuaib Ahmed and Dennis Olisa, from its board effective December 28, 2022. In a statement signed by the...

The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and...