Business News

The total active mobile subscriptions in the country dipped by 5.4 million or 2.4 per cent, settling at 219 million in the first quarter of 2024, data obtained from the...

The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor of Corporate Services, Bala Bello, disclosed this in a statement...

The naira traded at a loss at the official market, depreciating to N1,402 against the United States dollar on Thursday. According to data from the FMDQ exchange securities, the naira...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation...

The Naira fell to N1,365 per dollar in the parallel market Wednesday, down from N1,320 on Tuesday. Similarly, the note fell to N1,402.67 per dollar on the Nigerian Foreign Exchange...

The Nigerian Export Promotion Council (NEPC) revealed that in 2023, Nigeria exported over 17,000 metric tons of Shea products valued at N20 billion ($14.5 million). During the Shea Nigeria Brand...

Nestle Nigeria Plc saw a 43.4% increase in sales during Q1 2024, generating earnings of N183.5 billion, marking a significant rise of N55.5 billion compared to the same period in...

Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been imprisoned for four months after pleading guilty to a money laundering violation. The sentencing took...

Guinness Nigeria Plc has improved its operating profit by 27 per cent to N2.21bn in the first quarter of 2024 despite N81bn foreign exchange loss. This was revealed in the...

FCMB Group Plc reported a profit before tax of N104.4 billion, an 186 percent year-on-year (YoY) rise from N36.6 billion in 2022, with earnings growth across all business sectors. Banking...