Business News

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)...

Nigeria’s external reserves have surpassed $35 billion, reaching $35.05 billion as of July 8, 2024. This is the highest level since May 30, 2023, and the first time this milestone...

The Nigerian Senate is considering a bill to increase the proportion of gold in the country's foreign reserve assets from 4% to 30%. This initiative is part of a broader...

Oliver Alawuba, the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, has been named the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body...

Backbone Infrastructure Nigeria Limited, a multinational corporation, declared its plan to invest $172 billion to support the growth of the nation's infrastructure. According to a business statement on Saturday, this...

Data on demand deposits from the Central Bank of Nigeria's website shows that they increased by 206.83 percent from N9.67 trillion in May 2019 to N29.67 trillion in May of...

The Eko Electricity Distribution Company has launched a network-wide awareness campaign against energy theft in an effort to put a stop to the problem in all of its manifestations. According...

The track from Ujevwu in Delta State to Itakpe in Kogi State is in bad condition, which is why the Nigerian Railway Corporation has suspended Warri-Itakpe train services. Customers received...

New lines for Premium Motor Spirit, often known as fuel, appeared on Friday in Abuja, as well as in other regions of Niger and Nasarawa State. These lines formed as...

According to Chief Uche Nnaji, Minister of Innovation, Science, and Technology, Nigeria stands to save $30 million a year by turning cassava into ethanol. As reported by Channels TV, this...