Business News

In the first trading day of the year, the Nigerian Stock Exchange (NGX) stock market opened on a bright note as capitalisation hit above N28 trillion, yesterday. The NGX All Share Index...

Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the...

The Trade Union Congress of Nigeria has asked the Federal Government to make petrol available at the official pump price of 180/litre, saying Nigerians cannot continue to pay for the...

The available generation capacity in Nigeria’s power sector dropped again in 2022, as it crashed from the 6,336.52 megawatts recorded in 2021 to 5,346.82MW last year, latest data on electricity...

Cardinalstone Securities Limited and nine other stockbroker firms were responsible for 66.02 per cent of value of transactions on the trading floor of the Nigerian Exchange Limited (NGX) in 2022....

The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will gulp about 62 per cent of government revenue by 2027...

Six million meters are to be deployed nationwide in the first and second quarters of this year to reduce the number of unmetered electricity consumers in Nigeria, the Federal Government...

Food and beverage imports for households rose by 71.12 per cent between the third quarter of 2018 and the corresponding quarter of 2022 despite the foreign exchange crisis in the...

Oil marketers on Sunday said the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream...

Spending on electronic bills such as power, PayTV, and other utilities rose by N576.41bn year-on-year, according to data from the Nigeria Inter-Bank Settlement System. The data disclosed that N2.63tn was spent...