Business News

In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating...

The $20 billion Dangote Petroleum Refinery has reduced diesel prices by 16.6% to N1,000 per litre, down from N1,200 per litre, in an effort to boost Nigeria's domestic economy. Diesel...

The Federal Ministry of Finance has launched the Incentive Monitoring and Evaluation Platform, a state-of-the-art electronic system designed to enhance the oversight of tax expenditures associated with import duty exemption...

Foreign Direct Investments into Nigeria fell by $19bn in 10 years, from $22.7bn in 2014 to $3.7bn in 2023, it has been learnt. This was contained in a presentation made...

The Premium Breadmakers Association of Nigeria, or PBAN, has revealed the causes of rising bread costs, the country's most popular basic meal. According to PBAN, currency rate volatility has affected...

The Nigerian Exchange Group has said that it will be adopting technology to drive the capital-raising efforts of financial companies who are racing to meet the new capital requirements of...

The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market at the close of trading activities on...

The cryptocurrency market is beginning to rebound after a weekend crisis that saw Bitcoin fall below $63,000. As of the time of publication, CoinGecko data shows that Bitcoin (BTC) is...

Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024, The PUNCH reports. Also, the country’s...

As of December 31, 2023, the unclaimed dividend of shareholders of Dangote Cement Plc has surged to N4.7 billion, as revealed in the company's 2023 audited annual report obtained by...