Business News

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has refuted reports suggesting that the federal government has allocated N5.4 trillion for fuel subsidies in 2024. This...

Fidelity Bank has signed the necessary documentation to raise about N127.1bn from a public offer and rights issue to its existing shareholders to raise its capital base in line with...

Power distribution companies made a total of N292.71bn revenue in the first quarter of this year despite complaints of inadequate electricity supply by consumers and concerns about the huge indebtedness...

The Federal Government’s ban on the export of Liquefied Petroleum Gas, popularly called cooking gas, has led to a crash in the cost of the commodity from about N1,500 per...

The Nigerian Deposit Insurance Corporation (NDIC) has announced that it has begun paying depositors of the now-liquidated Heritage Bank. Bello Hassan, the NDIC's managing director, made this announcement during a...

Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon by the Organised Labour to protest against the N60,000 minimum...

On Tuesday, the Naira fell in the official market, trading at N1,476.95 per dollar. According to data from the FMDQ Exchange's official trading platform, it has shed 83 kobo. This...

Opay has announced that it has received approval from the Central Bank of Nigeria (CBN) to resume onboarding new users. In a statement, Opay emphasized its commitment to regulatory compliance,...

Access Bank has been honoured as the “Best Trade Partner Bank West Africa 2024” by the International Finance Corporation (IFC). The award was presented at the Global Trade Partners Meeting...

Nigeria's Central Bank (CBN) revoked Heritage Bank's operating licence Wednesday, citing the bank's board of directors' failure to improve its financial performance. Meanwhile, the Nigeria Deposit Insurance Corporation, or NDIC,...