Business News

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...

The Air Transport Services Senior Staff Association of Nigeria has threatened to embark on industrial action if the Federal Government refuses to exempt aviation agencies from the directive seeking 50 per...

During a briefing at the ongoing Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC, Minister of Finance and Coordinating Minister of the Economy, Wale...

Yemi Cardoso, the Central Bank Governor, proudly announced that the Naira has secured the title of the best-performing currency globally as of April 2024. This notable achievement stems from a...

Olayemi Cardoso, the governor of the Central Bank, announced a shift from crisis management to strategic planning, aiming to stabilize forex. After battling economic woes for six months, including high...

In the parallel market, the Naira has fallen to N1,140 per dollar, down from N1,060 on Thursday. Similarly, the Nigerian Foreign Exchange Market (NAFEM) saw it fall to N1,169.99 per...