Business News

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...

The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar....

Zenith Bank Plc has released its audited results for the fiscal year ending December 31, 2023, showing a spectacular triple-digit growth of 125% in gross earnings from NGN945.6 billion in...

The International Monetary Fund has said that most industrial policies rely heavily on costly subsidies or tax breaks, which could be detrimental to productivity and welfare if not effectively targeted....

The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance. The Washington-based lender in a report on the economic outlook of Western...

Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of...