Business News

The National Bureau of Statistics has disclosed that Nigeria’s headline inflation rate increased to 33.20 per cent in March 2024, up from 31.70 per cent in February 2024. This represents...

The Federal Government has appealed to members of the National Union of Electricity Employees not to down tools over the recent electricity tariff hike. This is as the union insisted...

Manufacturers have decried the high cost of automobile petrol oil (AGO), often known as diesel, which is used to generate electricity for their operations, claiming that the commodity consumes almost...

The Nigeria Customs Service, Port & Terminal Multipurpose Limited Command, has revealed that it collected N66.9bn in revenue for the first quarter of 2024. The Public Relations Officer of the...

The weakening of the naira resulted in a combined foreign exchange loss of N8.31bn for four pharmaceutical firms listed on the Nigerian Stock Exchange in 2023. The 2023 financial statements of...

The Dean of the Lagos Business School, Professor Chris Ogbechie, has stated that only 30 per cent of family businesses survive beyond their first generation. He stated this during his welcome...

The Minister of Finance and the Coordinating Minister of Economy, Wale Edun, has disclosed that the revenues of government-owned enterprises, ministries, departments and agencies increased to N835.70bn in February. This...

The Federal Government, on Friday, said the drop in Nigeria’s crude oil production was due to issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by...

As indicated by Goldman Sachs Group Inc., Nigeria's naira is positioned to continue its upward trajectory, emerging as the best-performing currency globally for the current month. This remarkable appreciation, characterized...

In February, the UK economy had a small growth, raising hopes that the recession may be ending. According to official statistics, the economy expanded by 0.1%, helped by manufacturing and...