Business News

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...

The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the...

The International Labour Organisation has stated that Nigeria and other low-income countries need about $1.4tn to provide basic social protection to their citizens. The organisation disclosed this in a new...

Members of the Organised Private Sector and economists have expressed fear over the latest hike in the nation’s benchmark interest (Monetary Policy Rate) by the Monetary Policy Committee, saying the...

The Federal Government has approved a $750m World Bank funding for the construction of 1,200 mini-grids in rural communities across Nigeria. The Managing Director/Chief Executive Officer of the Rural Electrification...

Foreign portfolio investment (FPI) outflows surged by 237% in the first quarter (Q1) of 2024 compared to the same period in 2023, according to data from the NGX research department....