Business News

The Federal Government’s total debt stock may experience a significant increase from N87.3tn (as of December 2023) to N111.4tn, following fresh borrowings in the first quarter of 2024. According to...

The International Monetary Fund has said that countries across the world must prioritise productivity reforms to revive medium-term growth. In a piece on its website on Wednesday, the IMF stated...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development....

The Federal Government has raised the amount that it would save this year following the recent hike in electricity tariff for Band A customers to N1.5tn. It also stated that...

The Nigeria Customs Service (NCS) has adjusted the exchange rate for the clearance of goods and assessment of import duties, lowering it from N1,246.66/$ to N1,238.17 to the USD. This...

A power-generating company, Geregu Power Plc, has announced a 254.37 per cent year-on-year appreciation in its revenue to N50.42bn in the first quarter of 2024. In its interim financial statement...

THE African Development Bank, AfDB, has obtained $110,000 from the Sustainable Energy Fund for Africa, SEFA, to help Ekiti State build the State Electricity Priority Plan, SEPP. Prof. Bolaji Aluko,...

Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700...

The combined operating expenses of 10 Nigerian banks rose by 42.51 per cent to N3.23tn in 2023 compared to N2.26tn in the previous year, according to The PUNCH findings This...

The average fare paid by air passengers for specified routes on a single journey was up by 20.53 per cent year-on-year to  N89,975.68 in January 2024 from N74,648.65 in the...