Business News

The Extraordinary General Meeting called by FBN Holdings to seek shareholders’ approval to raise N300bn has been canceled. A notice on Friday filed with the Nigerian Exchange Limited said the...

The Nigerian National Petroleum Company Limited and its joint venture partner in Oil Mining Lease 85, First Exploration and Petroleum Development Company Limited, have commenced oil production from the asset...

Access Holdings, the parent company of Nigeria’s largest bank, Access Bank, has said that it will be going fully digital for its N365bn rights issue. In a notice filed with...

Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has pledged support for locally-made vehicles, saying supporting such initiative will enhance economic growth. He spoke after taking a test drive...

The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it...

Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The...

Nigeria is moving to criminalise the destruction of broadband fiber cables in response to ongoing grievances from major telecommunications companies like MTN Nigeria Communications Plc. Sources familiar with the situation...

The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, the Chairman of the Nigeria...

In a communication to its shareholders, Nestle Nigeria Plc disclosed that a substantial portion, 94%, of its N195 billion foreign exchange (FX) losses comprises "unrealized exchange losses." Specifically, N184 billion...

China has forgiven an undisclosed amount of Zimbabwe's interest-free loans and pledged assistance to help the country address its ongoing debt crisis. However, Zimbabwean activists caution against falling into a...