Business News

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...

With a 24.99 percent increase in just three months, Nigeria's overall public debt has risen to N121.67 trillion, according to the Debt Management Office. This increased amount is based on...

To address power-related violations quickly, the Federal Government announced on Thursday that it was finalising the procedure for the creation of an electricity offences tribunal with a built-in appeals system....

As of October 2023, the country's free trade zones might produce more than N11.11 trillion that will be deposited into the Federation Account, experts claim. In a conversation with The...

On Thursday, Nigerian National Petroleum Company Limited (60 percent) and TotalEnergies (40 percent), the operators of Oil Mining Lease 58 onshore licence in Nigeria, signed a $550 million Final Investment...

Nigeria's Debt Management Office (DMO) reported a significant rise in the country’s total public debt, which reached N121.67 trillion (approximately $91.46 billion) as of March 31, 2024. This figure includes...

Thanks mostly to the efforts of CRC Credit Bureau Limited, Nigeria's leading credit bureau provider, credit penetration in the country has increased to 14%. Although penetration has increased, the level...