Business News

The Islamic Development Bank (IsDB) has approved a total financing of $1.8 billion for Nigeria, as the country becomes the fourth largest shareholder of the multilateral financial institution. The approval...

The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele; the Speaker of the House of Representatives Hon. Femi Gbajabiamila and Minister of Aviation, Hadi Sirika yesterday held an interactive...

AFRICA’s global bank, United Bank for Africa (UBA) Plc, has announced remarkable performance in its unaudited financial results for the third quarter, Q3, ended September 30, 2022, recording impressive growth...

Between the last quarter of 2021 and the third quarter of 2022,  274 export permits were granted to various firms for a total of 480,863,863 barrels of crude oil and...

The Ogun State Governor, Mr. Dapo Abiodun, has reiterated his administration’s commitment to establish the Ogun State Enterprise Development Agency (OGSEDA) and empower to develop sustainable Micro, Small and Medium...

The stock market of the Nigerian Exchange Limited (NGX) has depreciated by N2.27trillion in market capitalisation to N24.182trillion in the first three weeks of October 2022, following investors’ profit-taking in...

A total of 15 companies have defaulted on the post-listing requirement of the Nigerian Exchange Limited (NGX) by falling to submit their 2021 financial year statements to investing public as...

Despite growth in assets under management (AUM) to N14.43 trillion, Pension Fund Administrators (PFA) exposure to stock market and Treasury Bills (T-Bills) dropped in August 2022 to highlight low-yield environment...

National President, Manufacturers Association of Nigeria (MAN) yesterday asked the federal government to consider public private partnership (PPP) windows in finding permanent solutions to the perennial flood disaster facing the...

ESTIMATED at 20 to 25 percent of our Gross Domestic Product (GDP), Nigeria’s infrastructure stock is still significantly lower than the recommended international benchmark of 70 percent of the GDP....