Business News

Nigeria's foreign exchange (FX) reserves have decreased by approximately $1.02 billion over an 18-day period as the Central Bank of Nigeria (CBN) intensifies its efforts to support the naira. As...

The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reconsider and decrease its applicable exchange rate, currently set at N1,251/$...

On Friday, the Naira strengthened to N1,245 per dollar on the parallel market, up from N1,250 per dollar on Thursday. Similarly, the currency rose to N1,251.05 per dollar on the...

A report by the leisure, and lifestyle destination development company, Landmark Africa Group, has said the destruction of its properties to give way for the construction of Lagos-Calabar highway  threatens 80...

A strategic partnership initiated by the Federal Government with financial institutions and leasing companies is a crucial step towards expanding accessibility to aircraft within the country’s aviation sector. The Chief...

The Nigerian Exchange Group has indicated plans to raise about N10bn in additional capital via a rights issue. In a notice of Annual General Meeting, the group, which houses the...

Despite economic challenges faced by the consumer goods sector in 2023, Q1 2024 saw remarkable gains for several FMCG (Fast Moving Consumer Goods) stocks. BUA Foods emerged as the top...

The Nigerian Electricity Regulatory Commission has directed power distribution companies to refund all overbilled Band B customers by April 11. This directive to the electricity distribution companies on implementation of...

The Minister of Solid Minerals Development, Dr. Dele Alake, has expressed the commitment of the federal government to support mining companies that place a premium on local content in their...

Stock investors lost N252bn as the Nigerian Exchange sustained its bearish trading on Thursday. The market lost about N467bn between Tuesday, when it resumed after the Easter holidays and  Thursday....