Business News

Shareholders of Dangote Cement on Tuesday unanimously authorised the management of the company to undertake a share buy-back of up to 10 per cent of its issued shares. The company...

The Federal Government will complete the concession of the $1.3bn Zungeru Hydroelectric Power Plant by March next year and will commence operations by the second quarter of the same year....

The World Bank Group has approved a total of $18 million in two additional financings from the International Development Association (IDA) to support effective disease surveillance in West Africa. The body said these...

The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission following the presentation by the Committee on Communications. The lawmaker representing Yobe South, Ibrahim...

First City Monument Bank (FCMB) has launched a contactless, cardless, and cashless Quick Response (QR) code to boost instant payments for goods and services. The Bank introduced the payment solution...

The Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria, Aishah Ahmad, has expressed concerns over the poor repayment of loans provided by the bank, which she...

The International Air Transport Association has revealed that airlines will pay $222bn extra for fuel this year. IATA’s Regional Vice President for Africa and the Middle East, Kamil Alawadhi, in...

Greenwich Merchant Bank Limited, a mandated Issuing House to the FGN 15.64% N100 billion Sukuk V Issuance, along with other Issuing Houses, has successfully closed the offer with a subscription...

The shareholders of Nigerian Breweries Plc have unanimously approved the issuance of 2.1 billion bonus shares to qualifying shareholders following the conclusion of its Extraordinary General Meeting (EGM) held in Lagos. The value...

Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months. Latest oil production figures...