Business News

AFEX Commodity Exchange, and NG Clearing Limited, have signed an agreement to develop the infrastructure that would facilitate trading and central clearing of futures contracts for commodities such as cocoa,...

Purple Real Estate Income Plc has announced gross earnings of N4.7 billion for the half year ended June 30, 2022 indicating and increase 157.5 per cent over the N1.8 billion...

Despite fears of a recession, the global advertising market is still on track to grow 8 per cent in 2022, unfortunately, Nigeria still loses over N120 billion annually to the...

The National Insurance Commission, (NAICOM) has said it would promote the development of products and business models that would meet the needs of the financially excluded group. Commissioner for Insurance, Mr....

Following the Monetary Policy Rate (MPR) hike trading on Nigerian Treasury Bills (NTBs) and Federal Government Bonds (FGN Bonds) at the secondary market have continued to peak with analysts expecting...

New Chairman of Nigeria Insurers Association (NIA), Mr. Olusegun Omosehin, has called on insurance operators and those of other finance services sector of the economy to play the role of...

About 10 leading companies in cement manufacturing, Fast-Moving Consumer Goods (FMCG), among other sectors recorded 28 per cent increase in cost of production, backed by hike in inflation rate and...

The federal government through the Ministry of Petroleum Resources has developed a framework on the concession of oil and gas pipeline assets nationwide. Permanent Secretary, Ministry of Petroleum Resources, Gabriel...

The stock market of the Nigerian Exchange Limited (NGX) traded flat yesterday as the All Share Index (ASI) gained 0.001 per cent to close at 44,269.43 basis points. Also, the market capitalisation remained at N24.112 trillion...

Compared to Nigeria’s projected oil production of 468.8 million barrels in the first three quarters of 2022, the country was only able to drill 284.70 million barrels at the end...