Business News

Dollar supply in the official foreign exchange market reached a substantial sum of $7.3bn in the months of March and April, findings by The PUNCH have shown. This is as the naira...

The Presidential Fiscal Policy and Tax Reforms Committee will hold public engagements on fiscal and tax reforms starting in Lagos on Thursday. The committee’s chairman, Taiwo Oyedele, said in a...

The Federal Government, on Tuesday, announced that it was set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery. It announced this...

The Central Bank of Nigeria has again justified its reliance on the Loan Deposit Ratio to control the country’s rising inflation. The apex bank also said it is ready to...

Coca-Cola announced quarterly revenue and profitability on Tuesday that above analysts' projections as the company's Fanta and Fairlife beverage sales increased. The massive beverage company increased its organic revenue projection...

Amid tight monetary policy and economic contractions, the loan portfolio of Nigeria's main deposit money banks increased by 57% to N37.17 trillion in 2023, up from N23.68 trillion in 2022....

About $2.4bn out of the claimed backlog of $7bn forex claims were fictitious, the Deputy Governor of Corporate Services at the Central Bank of Nigeria, Mohammed Bello, has said. He...

Yesterday, the Naira fell to N1,340 per dollar in the parallel market, down from N1,300 per dollar last Friday. Similarly, the Nigerian Foreign Exchange Market, or NAFEM, saw it fall...

Vice President Kashim Shettima on Monday said President Bola Tinubu was working to end the reign of economic saboteurs who had been hindering the progress of the nation. Shettima said...

The Economic and Financial Crimes Commission on Monday conducted an on-the-spot raid at the Wuse Zone 4 area of Abuja, arresting an unidentified number of Bureau De Change operators. BDC...