Business News

On Wednesday, Apple's market capitalisation reached $3.33 trillion, just shy of Microsoft's $3.26 trillion. Apple has surpassed Microsoft, which has held the distinction since January, to reclaim its status as...

The Office for National Statistics reported that the UK economy shrank in April due to the dampening effect of bad weather on consumer expenditure, a major setback to Prime Minister Rishi Sunak....

Bank borrowing from the Central Bank of Nigeria (CBN) decreased by 10.6 percent month on month (MoM) in May to N10.9 trillion. The CBN offers two short-term lending windows for...

Tuesday's decline in 16 stocks, including National Salt Company, Thomas Wyatt Nigeria, May and Baker Nigeria, and others, caused the Nigerian equity market to lose N92.32 billion. The all-share index...

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...