Business News

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...

Aruwa Capital Management has announced the successful close of its first institutional fund, which was reportedly oversubscribed, and surpassed its $20 million target. Founded in 2019 by Adesuwa Okunbo Rhodes,...

The Comptroller General, Nigeria Agricultural Quarantine Service (NAQS), Dr. Vincent Isegbe, has said the country is expected to earn about $3 billion annually from hibiscus exports to Mexico. Both NAQS...

The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new...

Data from the Central Bank of Nigeria has revealed that borrowing by real estate firms rose from N668.8bn to N707.03bn between January 2022 and October 2022. The amount borrowed from...

This is not the best of times in the Nigerian real estate sector as the current state of the economy is having negative effects on it with construction activities taking...