Business News

A global collaborative effort involving the World Bank, the Food and Agriculture Organization of the United Nations (FAO), and the International Fund for Agricultural Development (IFAD) is set to deploy...

The Central Bank of Nigeria (CBN) has instructed banks nationwide to impose a 0.5 percent cybersecurity levy on electronic transfers. Issued in a circular signed by Chibuzor Efobi and Haruna...

In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the...

Forex, month over month (MoM), the amount of dollars traded (turnover) on the Nigerian Foreign Exchange Market (NAFEM) decreased by 37.4%, from $5.54 billion in March 2024 to $3.47 billion...

Seven firms, including Dangote Sugar Refinery, Unilever Nig Plc and Nigerian Breweries have seen their combined workforce reduce by 1,281 between 2022 and 2023, according to findings by The PUNCH....

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...