Business News

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...

Ethereum's recent surge of 8% marks its most significant rise in over a month, sending ripples across the crypto ecosystem. The surge witnessed Ethereum outperforming major cryptocurrencies like Bitcoin. According...

The World Bank has projected that Nigeria's inflation rate will decrease to approximately 24.8% this year and drop to 15.1% by 2026. This estimation is based on expectations of Nigeria's...

Early Asian trading witnessed a surge in oil prices as optimism waned concerning potential ceasefire negotiations between Israel and Hamas, amplifying tensions in the Middle East. Brent crude futures ascended...

The Federal Government has allocated approximately N4.83 trillion from the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle Ways and Means Advances from the Central...

The House of Representatives will intervene in the recent increase in electricity tariffs by the Nigerian Electricity Regulatory Commission upon its resumption on April 23, 2024, Deputy Speaker, Benjamin Kalu...