Business News

The National Data Protection Commission (NDPC) has imposed a fine of N555.8 million on Fidelity Bank for violations related to breaches of its customers' data. This penalty was announced by...

The federal government has announced the issuance of a $500 million domestic dollar bond, available for subscription starting August 19, 2024. This bond features an annual interest rate of 9.75%...

The federal, state, and local governments in Nigeria collectively earned around N2.74 trillion in revenue from exchange gains during the first six months of 2024. Data from the Federation Account...

The Nigerian Stock Market (NGX) experienced a downturn this week, with the All-Share Index and market capitalization declining by 1.51%. The Index closed at 97,100.31 points, while the market capitalization...

The latest Purchasing Managers’ Index (PMI) report from the Central Bank of Nigeria (CBN) for July 2024 indicates a continued decline in employment levels across various sectors, reflecting ongoing challenges...

The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced plans to raise N190 billion from the bond market in August 2024. This is the lowest bond...

The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of insured deposits to customers of the now-defunct Heritage Bank. The Central Bank of Nigeria (CBN) revoked the bank's license...

The Federal Government of Nigeria is set to introduce significant tax incentives to encourage companies to hire more employees. In a recent interview, Mr Wale Edun, the Minister of Finance...

The Central Bank of Nigeria (CBN) recently conducted an auction, distributing a total of $876.26 million to 26 qualified banks as part of the latest Retail Dutch Auction System. This...

The devaluation of the Naira has resulted in a significant forex gain of N8.6 billion for Nigeria’s Identification for Development (ID4D) project, according to the World Bank’s recently released 2023...