Business News

The naira has seen significant appreciation in the official market, driven by the Central Bank of Nigeria's (CBN) interventions and the anticipation of a $1.3 billion non-deliverable forward (NDF) maturing...

The Federal Competition and Consumer Protection Commission (FCCPC) and the Central Bank of Nigeria (CBN) have increased the number of approved loan app companies in Nigeria to 284 as of...

The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that the Federal Government was spending N1bn monthly to power the Murtala Muhammed Airport, Lagos. He stated this Monday...

International Breweries Plc, a member of AB InBev, is raising N161.17bn fresh capital through a rights issue. The firm disclosed in a release that the rights issue was tradable on...

In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has shown. Compared to the previous year, the banking groups’ earnings...

The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent over Friday’s 1,482.81/$. According to FMDQ data, which houses the...

Dr Akinwunmi Adesina, Group President of the African Development Bank (AfDB), stated that Africa loses between $7 and $15 billion every year due to the effects of climate change. Adesina...

Dr. Ebenezer Onyeagwu, Group Managing Director/Chief Executive Officer of Zenith Bank Plc, has been named the International Banker 2024 Banking Awards' "Best Banking CEO of the Year in Africa," holding...

The President of Dangote Industries Limited, Aliko Dangote has urged the Federal Government to jettison asphalt for concrete-made roads. Speaking at the commissioning of the Apapa- Oworonshoki road by President...

International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing...