Business News

As part of the measures to tackle incessant power outages in the country, President Bola Tinubu has approved the gradual payments of power sector debts estimated at over N3.3tn. Consequently,...

The Chief of Mission to the Taiwanese Government in Nigeria, Andy Liu, has disclosed that the value of trade between Nigeria and Taiwan was halved to $500m in 2023, from...

The Naira rose in the parallel market Friday to N1,480 per dollar, up from N1,540 per dollar on Thursday. Similarly, it rose to N1,497.33 per dollar on the Nigerian Autonomous...

The Federal Government will on Tuesday resume negotiations with organised labour and other stakeholders on the N48,000 it proposed as the new national minimum wage. Also, there are indications that...

Nigeria’s newly constructed Dangote refinery, Lagos is seeking to purchase millions of barrels of US crude oil over the next year as it ramps up processing rates, Bloomberg reported on...

Players in the insurance sector dominated the latest list of delinquent filers of 2023 audited results released by the regulatory arm of the Nigerian Exchange Group in its X-Compliance Report...

The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the Federal Government lost 82 per cent which is equivalent to N10 billion in revenue that ought to...

The Federal Government said it had advanced the process of developing a national policy on marine and blue economy, which is expected to contribute $2.7bn to the country’s economy. The...

In the first quarter (Q1) of 2024, Nigeria recorded total direct foreign exchange (FX) remittances amounting to $282.61 million. This figure reflects a decrease of $18.96 million or 6.28% compared...

The Federal Government on Tuesday approved a special purpose vehicle to support the delivery of an additional 90,000km of fibre optic cable for universal access to the internet across Nigeria....