Business News

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously increased the Bank’s authorised capital from USD 1.5 billion to USD 3.5 billion with effect...

The trading volume on Nigerian Exchange Limited (NGX) yesterday soared by 38.45per cent as investors exchanged majorly stocks in the financial services sector. At the end of trading on the...

One in four companies globally have suffered a data breach that cost them between $1- 20 million or more in the past three years, according to PwC’s annual Global Digital...

The World Bank has upscaled funding for Adolescent Girls’ Initiative for Learning and Empowerment (AGILE) to $12,000,000, an additional boost of $7,000,000 from the initial funds provided by the multilateral...

The former Acting Managing Director/CEO, Bank of Industry (BoI), Dr Waheed Olagunju yesterday in Lagos stressed the need for government at all levels to invest in infrastructure, saying Nigeria needs...

The President of the African Development Bank Group, (AfDB), Dr. Akinwunmi Adesina, has said from the virtual Africa Investment Forum held in March this year, the bank secured $15.6 billion...

The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report, presented by Deputy...

Saudi Aramco’s continued its historic run yesterday , achieving a profit surge of 39 per cent in the third quarter of 2022 and surpassing the average forecasts. Profits of the...

The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Belo-Koko yesterday in Lagos, stated that the Export Processing Terminal at Lilypond in Ijora, would further enhance Nigeria’s non-oil exports...

After a prolonged dispute that hobbled oil production at Oil Mining Leases (OMLs) 123, 124, 126 and 137, operated by Addax Petroleum Nigeria Limited, the company has reached a close-out...