Business News

Femi Otedola, the chairman of FBN Holdings, became the group's biggest shareholder after acquiring 4.63% of the banking group's shares in two trading sessions. According to a notice regarding directors...

For the first time since early May, the price of Bitcoin has dropped below $60,000. This follows news that next week, creditors of Mt. Gox will begin collecting repayments in...

Farmers and other stakeholders have expressed disapproval of the over N1.25tn government budget allotted for the government Ministry of Agriculture and Food Security in three years to handle the sector,...

According to the most recent data from the Central Bank of Nigeria (CBN), the Federal Government has spent a total of $15.55 billion on debt servicing between 2019 and 2024....

Following a flurry of reforms by the Central Bank of Nigeria, forex turnover at the official foreign currency market soared to $23.29bn within over six months of trade. Between January...

As of January 2024, Nigerians impacted by the country's growing cost of living had access to N3.82 trillion in credit facilities from banks, according to the Central Bank of Nigeria....

Moody's, a global rating agency, predicts that Nigeria's interest payments on debt could absorb as much as 36% of the federal government's revenue in 2024. In its recent assessment of...

A power failure at Manchester Airport has caused thousands of travellers to experience delays and cancellations of flights, bringing the main UK airport to a complete halt. According to PUNCH...

Financial professionals have expressed apprehension regarding Davido's recently introduced meme coin and cautioned about the possible hazards involved. Within the financial community, the coin's release has generated discussion. Experts have...

Nigeria's monthly oil output has consistently declined since January 2024, costing the country almost N636.3 billion in lost income. According to figures on oil production obtained from a Federal Government...