Business News

The Nigerian Exchange (NGX) Limited struggled for breath on Tuesday, as bears maintained their hegemony over the bourse, choking it by 0.29 percent at the close of trades. It was...

At the recently finished 10th anniversary of the Marketing Edge brands and advertising excellence awards, which was held in Lagos, Africa's global bank, the United Bank for Africa's Foundation, was...

The thirteen Nigerian banks listed on the Nigeria Exchange earned N501.13 billion in profit after tax in the first six months of 2021, a 13.1% increase over the N443.17 billion...

The combined market capitalization (SWOOTs) increased by 0.14% to N19.53 trillion, up from N19.50 trillion the previous week, representing a N27.42 billion gain. Airtel Africa, BUA Cement, Dangote Cement, Nestle,...

The Central Bank of Nigeria (CBN) raised the benchmark interest rate by 150 basis points (bps) to 15.5% on Tuesday, September 27, 2022, marking the third straight rate increase this...

On Wednesday, September 28, the NASD over-the-counter (OTC) Securities Exchange recorded no gain or loss as weak investor appetite weighed on the market. During the session, the bourse's market capitalisation...

Oil prices rose for a second day on Wednesday, recouping recent losses as the US dollar eased off recent gains and fuel inventory figures fell. Brent crude futures rose $3.05,...

The weakening of the US dollar and the threat of a disruption in crude oil supply in the Gulf of Mexico due to Hurricane Ian pushed prices higher on Tuesday....

Following a 0.22 percent rise on Monday, September 26, the bulls returned to the NASD Over-the-Counter (OTC) Securities Exchange. Gains recorded by Central Securities Clearing System (CSCS) Plc and FrieslandCampina...

According to data obtained from the Nigerian Electricity Regulatory Commission, 37 companies have been granted new licenses and permits to generate a total of 762.3 megawatts of electricity to increase...