Business News

The reorganisation of Zenith Bank Plc into a holding company was authorised by all of the bank's shareholders at a virtually convened Extraordinary General Meeting (EGM) on Friday, April 26,...

The statutory contribution made by nine banks to the Asset Management Corporation of Nigeria increased by 25.81 per cent to N306.06bn in 2023 from N243.28bn in the previous year. This...

Standard Chartered Bank has announced the appointment of Dalu Ajene is the Chief Executive Officer of the bank’s operations in Nigeria. Ajene takes over from Lamin Manjang, the Vice Chairman...

There was no respite for equity market investors in the past week, as they saw a N785bn reduction in their net value. This marked the fourth consecutive week of negative...

The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase...

A sell-off in the shares of certain highly capitalised businesses last week resulted in N784 billion in losses for investors on the stock market. Despite indications of recovery in certain...

The Senate has expressed concern over the prevailing depreciation of the naira against the greenback and other foreign currencies. Senator representing Niger East and Chairman, Senate Committee on Finance, Sani...

In the first quarter of 2024, Nigeria's Stock Market (NGX) experienced a remarkable surge in foreign portfolio inflows, totaling N93.37 billion, marking a staggering 415% increase compared to the same...

The President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Mr Samuel Agbeluyi, has noted that the establishment of the Presidential Committee on Fiscal Policy...

Maritime experts have said that Nigeria is losing a sum of $9.2bn annually to foreign shipping lines that are handling cargo that a national fleet is supposed to handle. A...