Business News

Transcorp Hotels has disclosed that it had an average occupancy rate of 81 per cent in 2023. In addition to the occupancy rate, Transcorp Hotels saw its profits soar by...

The equity market extended its rally to the fourth consecutive trading day as investors gained about N259bn on Thursday. The benchmark index and the market capitalisation of the Nigerian Exchange...

Credit to the government increased by 2.0 percent month on month (MoM) to N19.98 trillion in April from N19.58 trillion in March. The Central Bank of Nigeria's (CBN) Money and...

World bank loan, the federal government has obtained a $500 million loan from the World Bank to support power distribution companies (DisCos). According to a statement issued yesterday in Abuja...

The Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele, has proposed exempting manufacturers and farmers from paying withholding tax to reduce the tax burden on businesses....

Kimberly Clark, the manufacturer of Huggies diapers and other hygiene products, is set to shut down its production facility in Ikorodu, Lagos, just two years after investing $100 million to...

The Tomato Growers Association of Nigeria has attributed the current increase in fruit costs on 'Tuta absoluta,' or Sharon pest infestations on local farms throughout the country. Mr Rabiu Zuntu,...

The Federal Government has disbursed a total sum of N20.11bn to 402,283 beneficiaries of the N50,000 Presidential Conditional Grant Scheme. The beneficiaries selected from the 774 local government areas received...

According to forecasts, Nigeria's e-commerce sector would reach $14.92 billion in 2029 at a compound annual growth rate (CAGR) of 11.82%. A growing number of young people, smartphone use, and...

President Bola Tinubu has approved the extension of free train rides on the Abuja Rail Mass Transit, also called the Metro Rail, for the next six months until the end...