Business News

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...

Nigeria has officially recognized cryptocurrency operations within its borders, as the Securities and Exchange Commission (SEC) grants key operational approvals to several crypto operators. This move marks a significant step...

In the second quarter of 2024, Nigeria's real Gross Domestic Product (GDP) was derived from 19.78% of Information and Communications Technology (ICT) activities. This was revealed in the Q2 2024...

The Central Bank of Nigeria (CBN) has raised the Standing Deposit Facility (SDF) rates as part of its continuous attempts to control liquidity in the financial sector. Significant changes to...

As the week of August 26 to August 30 unfolds, here are the top seven business stories you should keep an eye on: NBS to Release Q2 GDP Report The...

Africa's ports are pivotal to the continent's economic development, serving as critical hubs for international trade and regional connectivity. With expanding economies and a growing population, the need for modern,...

Oando Plc has secured a $650 million loan from the African Export-Import Bank (Afreximbank) to support its $783 million acquisition of Nigerian Agip Oil Company (NAOC). Afreximbank announced the funding...

Oando Plc has officially announced the completion of its acquisition of a 100% shareholding in the Nigerian Agip Oil Company (NAOC) from the Italian energy giant Eni for a total...

Fidelity Bank has challenged the Nigerian Data Protection Commission (NDPC) over accusations of a data breach, which led to the imposition of a ₦555.8 million fine. In a statement released...

The Federal Government has disclosed that Togo and Benin Republic owe Nigeria a cumulative sum of $14.19 million for electricity supplied by Nigerian power generation companies during the first quarter...