Business News

In the first quarter of 2024, Nigeria allocated approximately $1.12 billion to service its foreign debts, underscoring the escalating burden of external debt on the nation's finances. Data from the...

The International Monetary Fund (IMF) has advised the Nigerian government to increase its cash transfer initiatives to assist poor Nigerians in coping with the current cost of living crisis. Axel...

The PwC Annual Global CEO survey report for West Africa has revealed that approximately 51% of chief executive officers (CEOs) across the region anticipate a decline in their local economies...

The Chief Executive Officer, Mainstream Energy Solution, Lamu Audu, has revealed that the Kainji Hydropower plant would elevate its capacity from 760 megawatts to 980 megawatts. This expansion will result...

Nigeria’s second-largest telecom operator, Airtel Africa Plc, has disclosed a loss after tax of $89m for its full year ending March 2024, attributing the downturn to a substantial foreign exchange...

At the 33rd Annual General Meeting (AGM) of Zenith Bank Plc, which took place on Wednesday, May 8, 2024, at the Civic Center, Victoria Island, Lagos, the shareholders approved the...

The state governments of Ekiti, Cross River, and Ogun have proposed a suspension of their foreign debt repayments worth $501m due to severe foreign exchange volatility. The proposal is part...

At the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, shareholders of Zenith Bank Plc unanimously approved the proposed final dividend payment of N3.50 per...

The naira on Wednesday slightly depreciated at the official market, trading at N1,421.06 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees...

Some Point of Sale (PoS agents) in the FCT have expressed concern over the Corporate Affairs Commission's (CAC) new rule requiring them to register with the commission. On Monday, the...