Business News

In July 2024, companies under the Dangote Group experienced a significant drop in market capitalization, losing about N1.21 trillion. This decline followed double-digit decreases in share prices across the group’s...

The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has charged Coca-Cola Nigeria Limited and the Nigerian Bottling Company with employing deceptive trade descriptions and unfair marketing practices concerning...

President Bola Ahmed Tinubu recently held a private meeting with leaders from Nigeria’s commercial banking sector at the State House in Abuja to address the newly implemented windfall tax. The...

Femi Otedola, Chairman of FBN Holdings and a prominent figure in Nigeria’s financial and capital markets, strongly supports implementing a windfall tax. He believes such a tax is crucial for...

The World Bank has revised a $350 million loan to Nigeria, aimed at ensuring the completion of seven key power plants in educational institutions, thereby strengthening the country's energy infrastructure....

In the first quarter of 2024, the Federal Government's expenditure on electricity subsidies soared to over ₦633.30 billion, according to recent findings. The Nigerian Electricity Regulatory Commission's quarterly report revealed...

Nigeria's expenditure on importing kerosene-type jet fuel dramatically decreased by 87% in the first quarter of 2024, reaching ₦31 billion, down from ₦239.18 billion in the last quarter of 2023....

Investors have a significant opportunity to broaden their investments as major banks prepare to raise ₦1.26 trillion in the capital market. Entrepreneurng learnt that this move is in response to...

The Central Bank of Nigeria (CBN) has announced plans to create a dedicated office for managing dormant accounts and unclaimed balances. This initiative was detailed in the CBN’s recently issued...

Tony Elumelu, the Board Chairman of Transnational Corporation Plc, expressed optimism on Friday following the release of the company's unaudited Half-Year (H1) 2024 results. The report highlighted a remarkable revenue...