Business News

First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. The bank stated this in a statement signed and made available...

The Securities and Exchange Commission has revealed that it has brought about N2.36tn in discretionary and non-discretionary funds under custody following updates to the guidelines for Collective Investment Schemes in...

The International Monetary Fund has stated that central banks’ decision to hike interest rates to curb inflation has been impeding housing market growth and mortgage accessibility. In a recent release...

The Nigerian equity market was in the red zone throughout last week, as investors lost N1.57tn. According to analysts, the pullback in the domestic equity market, which has persisted for...

The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The...

Transcorp Hotel Plc reported a 36.2 percent revenue increase for 2023, marking a significant milestone in its financial performance. Dupe Olusola, the Managing Director/CEO of Transcorp Hotels Plc, disclosed this...

The federal government is anticipating a new injection of funds, with a $2.2 billion single-digit interest loan from the World Bank and additional budget support from the African Development Bank...

Sydani Group, an international management consulting firm, has urged the federal and state governments to adequately empower smallholder farmers across the country to ensure food security in Nigeria. It pointed...

The contribution of the paper industry rose to N398.8bn in 2023, up from N356bn recorded in 2022. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise...

Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group have faulted a recent decision by the Central Bank of Nigeria directing deposit money banks to stop the use...