Business News

As part of efforts to support Nigeria's power output, the Federal Government granted 95 licences, permits, and registration certificates for the production of 989.42 megawatts of electricity in 2023. The...

Nigeria's foreign exchange reserve has steadily increased over the last six days, following a 10-week decline of $1.8 billion, suggesting that the country's external reserve is beginning to recover. Data...

By 2029, Nigeria's Gross Domestic Product per person should have increased to $1,120.67, according to the International Monetary Fund. Nigeria's GDP per capita has been trending downward since 2014, with...

Friday night brought a wave of distress for crypto traders as the entire crypto market turned red, signalling a significant drop in prices across major crypto assets. This resulted in...

The Federal Government established four technical working groups on food safety and released the updated National Policy on Food Safety and Quality on Friday. This was done in Abuja as...

The Airline Operators of Nigeria, the umbrella body for local airline operators, has said aside from lacking a legal framework, the Nigerian Airspace Management Agency does not provide any additional...

International Breweries Plc has allowed non-shareholders of the company to participate in its rights issue. A statement from the brewer, which is a part of AB InBev, the largest brewer...

Some members of the minority shareholders community have called for a probe of the management and directors of the failed Heritage Bank. The call was made in chats with The...

The United Nations Office for the Coordination of Humanitarian Affairs has said that humanitarian partners will need $4.7bn to assist 20.9 million vulnerable people in parts of Nigeria, Chad, and...

The Chartered Institute of Taxation of Nigeria (CITN) has observed that high inflation, weak naira, and policy tightening could threaten economic growth in 2024. Samuel Agbeluyi, President of CITN, highlighted...