Business News

The National Sovereign Wealth Investment Authority (NSWIA) presently holds the N50 billion Presidential Infrastructure Development Fund (PIDF), which will be used in part to pay the planned 2024 budget, according...

Nigeria's advertising industry was valued at N605.2 billion in 2023, up from N216 billion in 2018, according to PricewaterhouseCoopers (PwC). This was disclosed in a study prepared by PwC on...

Access Bank Plc has announced that it has successfully completed the acquisition of African Banking Corporation (Tanzania) Limited ("BancABC Tanzania") in accordance with its strategic expansion objectives. This milestone follows...

The owners of Dufil Prima Foods, Tolaram Group, have announced plans to purchase Guinness Nigeria Plc's 58.02 percent stake from Diageo. It would eventually be delisted from the stock market...

Andrew Okoja, a former rear admiral, has issued a warning, stating that Nigeria could lose out on $27.29 billion in foreign investment for the Delta State project known as the...

Guinness Nigeria Plc's foreign majority stakeholder, Diageo, has decided to sell Tolaram, a global company based in Singapore, its controlling ownership holding of 58.02 percent. In accordance with a deal...

The Central Bank of Nigeria has again reassured the banking public of the safety of their deposits and the banking system’s resilience. The apex bank’s Acting Director of  Corporate Communications...

Monday's N323 billion increase in the equity market was fueled by gains made by Access Holding, Flour Mills Nigeria, Total Nigeria, and 27 other companies. The market capitalisation and the...

Jaiz Bank Plc, Nigeria's first Non-Interest Bank, has funded the establishment of a 10,000-hectare irrigation farm in Bauchi State for Tiamin Rice Limited, one of its reliable business partners. In...

According to information obtained by The PUNCH, petroleum marketers have begun registering with the Dangote Petrochemical Refinery prior to loading premium motor spirit, which Nigerians anticipate from the facility this...