Business News

The Nigerian Exchange (NGX) witnessed its second consecutive day of bearish trends, with the All-Share Index dropping by 0.77%. Closing at 97,473.98 points, this marks the index's lowest level since...

On Monday, Dubai's Emirates Group revealed yearly profits of $5.1 billion, a 71% increase, as the airline firm set a new record for the second year running. "The Emirates Group...

Investors lost N297bn on the Nigerian Exchange Limited on Monday, driven by dips in the share prices of Seplat, PZ Cussons and ETranzact. Seplat shed 10 per cent to close...

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to get a handle on...

The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Bello Hassan, has revealed that only 25 per cent of the value of customers’ deposits are insured by the...

The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024...

Nigeria's oil production output in April 2024 increased by four percent to 1.28 million barrels per day, up from 1.23 million barrels per day in March, according to figures issued...

Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom State. This...

The National Assembly and the 36 state assemblies of the federation as well as their agencies will spend about N724bn this year, an analysis of their 2024 budgets by The...

NNPC Oil Production Limited announced on Sunday that its upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P Ltd), and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil...