Business News

The Nigerian naira is hovering around the N1,650/$ mark in the black market. Concerns over the U.S. economy’s growth outlook led to a mild loss for the haven currency in...

Chinese President Xi Jinping has committed $50 billion in financial support and pledged increased military cooperation with Africa over the next three years. The announcement was made during the Forum...

As of June 30, 2024, Nigeria has become the third-largest debtor to the World Bank’s International Development Association (IDA), indicating a significant rise in the country's borrowing from the institution....

The Dangote Refinery, a monumental $20 billion investment led by billionaire Aliko Dangote, has officially commenced the production of petrol, marking a pivotal moment for Nigeria’s energy sector. This significant...

The introduction of a windfall tax on Nigerian banks has sparked a debate about fairness, economic equity, and the role of financial institutions in addressing socio-economic disparities. This tax, which...

The Securities and Exchange Commission (SEC) of Nigeria is taking significant steps to enhance the efficiency of the capital market by introducing electronic filing systems. This move aims to streamline...

Zenith Bank Plc has released its audited financial results for the half-year ending June 30, 2024, showcasing a remarkable 117% increase in gross earnings, surging from ₦967.3 billion in H1...

Zenith Bank has posted remarkable second-quarter results for 2024, with pre-tax profits reaching N406.8 billion, a 370% increase compared to N86.8 billion in the same period last year. Substantial gains...

Aradel Holdings Plc, through its subsidiary Aradel Energy Limited, has signed a sale and purchase agreement to acquire the Olo and Olo West marginal oil fields from TotalEnergies EP Nigeria...

Nigeria's $500 million domestic dollar bond offering will close its subscription period today, Friday, with settlement scheduled for September 6, 2024. The Federal Government of Nigeria opened this bond for...