Business News

The value of Nigeria’s currency in circulation has risen to N3.87tn at the end of March. According to the latest money and credit statistics on the website of the Central...

Nine leading Deposit Money Banks have earmarked N383.42bn for the payment of claims that may result from ongoing legal disputes between them and their customers, according to findings by The...

Since April 3, when the Nigerian Electricity Regulatory Commission announced the removal of the subsidy on the electricity consumed by Band A customers, Nigerians have continued to raise their voices...

Zenith Bank Plc has released its unaudited results for the first quarter ended March 31, 2024. It reports remarkable triple-digit growth in Gross Earnings, surging from N270 billion in Q1...

Fidelity Bank Plc has reported a significant Profit Before Tax (PBT) surge for the first quarter of 2024, marking a remarkable 120.1% increase from N17.9 billion in Q1 2023 to...

Nigeria’s largest multipurpose terminal, the Port and Terminal Multiservices Limited (PTML), has acquired a new state of the art 600 tons Liebherr Mobile Harbour Crane (MHC) worth more than seven...

The newly appointed Director General, Securities and Exchange Commission, Dr Emomotimi Agama, will meet with the local and international crypto exchanges on Monday to discuss and seek consensus on the...

In order to promote trade on the African continent, Zenpay Limited, a fully owned subsidiary of Zenith Bank Plc, and the African Continental Free Trade Area (AfCFTA) Secretariat have inked...

According to global credit ratings agency Fitch, approximately 30% of Nigeria’s external reserves comprise foreign exchange (FX) bank swaps, indicating ongoing uncertainties regarding the nation’s net FX reserves. The revelation...

The bread-making industry in Nigeria is grappling with significant challenges as input costs skyrocket, leading to a sharp increase in bread prices. Mr. Francis Afisoye, Manager of Lofty Bread, emphasized...