Business News

The Coalition for Affordable and Regular Electricity has kicked against what it called the provocative hike in electricity tariff for Band A customers, calling on leaders of pro-masses organisations to...

Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged...

The shareholders of Zenith Bank would get about N109.88bn as dividends for the 2023 financial year. This was disclosed in the annual report, which was filed with the Nigerian Exchange...

The Central Bank of Nigeria, CBN, has reduced the exchange rate in the Bureaux De Change, BDC, segment of the currency market by 12%, or N152.23, to N1,117.5 per dollar,...

The Association of Bureaux De Change Operators of Nigeria (ABCON), representing all Central Bank of Nigeria (CBN)-licensed Bureaux De Change (BDCs), has urged the apex bank to review its exchange...

The Central Bank of Nigeria (CBN) has given the green light for the daily sale of $10,000 to approximately 1,588 eligible Bureau De Change (BDC) operators, pegged at N1,101 per...

Zenith Bank Plc unveiled its financial results for 2023, showcasing a remarkable performance. The bank witnessed a staggering 202.3% year-on-year surge in profit before tax, reaching an impressive NGN795.96 billion....

The Federal Competition and Consumer Protection Commission has urged the Nigerian Electricity Regulatory Commission to mandate Distribution Companies to meter all unmetered Band A customers within 60 days. The FCCPC...

The Association of Bureaux De Change Operators of Nigeria has appealed to the  Central Bank of Nigeria to adjust and lower its applicable exchange rate below the N1,251/$ it pegged...

Stock market investors lost N623bn last week as fund managers rebalanced their portfolios ahead of the first quarter results. The Nigerian capital market shed 1.08 per cent to 103,437.67 points,...