Business News

Guinness Nigeria Plc has reported a pre-tax loss of N73.6 billion for the financial year ending June 30, 2024, mainly due to forex devaluation. The company’s full-year earnings reveal continued...

Nigeria’s Minister of Finance, Wale Edun, announced a significant improvement in the country’s revenue to debt service ratio, which decreased from 97% in 2023 to 68% in 2024. This indicates...

The Federal Inland Revenue Service (FIRS) has released new guidelines for accounting for foreign currency transactions in line with International Financial Reporting Standards (IFRS). Business Day reported that these guidelines...

The Central Bank of Nigeria (CBN) has sold one-year Treasury Bills (T-Bills) at a stop rate of 22.1% during its auction on July 24, 2024. This move aligns with the...

The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) on Tuesday, raised the interest rate by 50 basis points, bringing it to 26.75% from 26.25% as of May 2024....

The naira recorded its best daily gains since March against the dollar due to increased inflows from the Central Bank of Nigeria (CBN). The CBN is also expected to raise...

For the fifteenth year running, Zenith Bank Plc has been recognized as the leading bank in Nigeria by Tier-1 Capital, according to the 2024 Top 1000 World Banks’ Rankings published...

Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), announced that Nigeria’s external reserves have surged to $36.89 billion as of July 16, 2024. Cardoso made this statement...

Access Bank has secured a $50 million commitment from British International Investment (BII) as part of a larger $295 million loan package arranged by FMO, the Dutch entrepreneurial development bank....

A recent survey by the National Bureau of Statistics (NBS) highlights the pervasive issue of bribery among Nigerian officials, revealing that citizens paid an estimated ₦721 billion (approximately $1.26 billion)...