Business News

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...

No fewer than eight oil-producing communities in Rivers State, have raised the alarm over alleged neglect of their communities despite their contribution to the national economy and the 13 per...

The Nigerian Association of Small and Medium Enterprises has said that the influx of foreign products is weighing heavily on locally produced goods. NASME South-West region Chairman, Solomon Aderoju, told The...

Polaris Bank has assured customers and non-customers of seamless transactions via mobile and alternate channels during the Yuletide holidays. The bank’s Group Head of Strategic Brand Management, Nduneche Ezurike, stated...

Guaranty Trust Bank Plc has joined a growing list of Nigerian banks to suspend international transactions of their naira-denominated Mastercard. According to the bank, this suspension will come into effect...

The Central Bank of Nigeria has said it received 2,432 complaints against financial institutions in the first six months of this year. This was contained in the CBN Financial Stability...