Business News

Amid complaints of low power generation, the electricity distribution companies were able to raise monthly revenue from N95bn in January to N100bn in March 2024. According to data released by...

Traders in major food markets in the country have blamed insecurity and fuel subsidy removal for the rising food prices in the country, according to a survey conducted by the...

Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Dr Usra Harahap, has said. Harahap disclosed this on Wednesday in...

BlackRock's spot Bitcoin Exchange Traded Fund (ETF), known as the iShares Bitcoin Trust (IBIT), has ascended to the position of the world's largest Bitcoin ETF, surpassing Grayscale's Bitcoin Trust (GBTC)....

The United States government has announced an additional $176 million in humanitarian aid for Nigeria and other West African countries. This was disclosed in a press release by the United...

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...