Business News

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...

As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging...

April 2024 saw a slight uptick in the Purchasing Managers' Index (PMI) to 51.1 due to a slowing in the rate of pricing and production fee increases. According to the...

Shell Nigeria Gas and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in...

The exchange rate for customs duty collection has surged to N1,441.53 against the US dollar over the past two days. This marks a significant jump from N1,373.64/$ recorded at the...

Recent data analysis from the Central Bank of Nigeria (CBN) reveals a concerning trend: as of March 2024, an overwhelming 94% of the currency in circulation was held outside banks....