Business News

According to the National Bureau of Statistics (NBS), the average retail price of one litre of diesel rose from N842.25 in April 2023 to N1415.06 in April 2024. The NBS...

The Nigeria Customs Service, Federal Operations Unit, Zone D, has disclosed that its officials intercepted 17,580 litres of premium motor spirit valued at N12.7m between April and May 2024. The...

Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024; data by the Nigerian Upstream Petroleum Regulatory Commission has shown. According to the NUPRC data, 44.2...

The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained...

Despite a challenging operating environment, Nestlé Nigeria PLC reported a significant 22.4% increase in sales for 2023, achieving revenues of N547.1 billion—an increase of N100.2 billion over the previous year....

The Economic and Financial Crimes Commission has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets. Sources privy to the development but were...

Despite significant global and local economic challenges, the Bank of Industry (BoI) has disbursed N496 billion to Nigeria’s Micro, Small, and Medium Enterprises (MSMEs), creating two million jobs. This announcement...

The parallel market saw the rise to N1,475 per dollar yesterday, up from N1,480 per dollar the previous weekend. Similarly, it rose to N1,468.99 per dollar in the Nigerian Autonomous...

Fuel price, the nationwide average retail price of Premium Motor Spirit (PMS), also known as petrol, grew by 176.02 percent year on year (YoY) to N701.24 per litre in April...

Fidelity Bank’s shareholders have approved N60m as a new compensation package for its chairman for the 2024 fiscal year. This was disclosed in a document filed with the Nigeria Exchange...