Business News

Purple Real Estate Income Plc (Purple Group) has announced its unaudited results for the nine months ended September 30 2022 with N1.5billion profit before tax (PBT), representing an increase of...

Medview Airline has condemned the early morning invasion and sealing of its properties located at Olowu, Ikeja and the Lekki area of Lagos State by a team of policemen under...

The House of Representatives has urged the federal government to reverse its earlier decision on the $14.4 billion east-west rail line project by continuing its implementation because of its economic...

The Debt Management Office has said it raised N130bn from its N100bn Ijarah Sukuk bonds, which were issued on November 21, 2022. In a statement on its website on Monday, the...

The Federal Government, on Monday, said it would continue to work hard to meet its Organisation of Petroleum Exporting Countries crude oil production quota of 1.8 million barrels per day...

Nigeria’s total merchandise trade fell by N1.24tn, from N12.84tn in the second quarter of 2022 to N11.59tn in the third quarter of 2022. This is according to the ‘Foreign Trade...

The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira...

Geregu Power Plc and Fund for Export Development in Africa have begun talks for the acquisition of a portion of the local power generating company. The first power company firm...

The assets under the Contributory Pension Scheme returned to a growth path to gain N164bn in October after incurring a loss of almost N2bn in September. This was contained in...

The number of active telecommunication subscribers hit 214.35 million in October, according to new industry statistics from the Nigerian Communications Commission. This is the highest number of recorded telecoms subscribers...