Business News

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....

The African Development Bank has signed a $75m loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website on...

The Manufacturers Association of Nigeria has said that its members have lost at least N1.5tn in the last six months to forex-related transactions. The Director-General of MAN, Segun Ajayi-Kadir, made...

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau...

Transnational Corporation Plc grew its profit before tax by 93.5 per cent to N58.8bn in 2023 from N30.4bn in the same period in the previous year. The firm’s financial results...

The Nigeria Customs Service, on Wednesday, announced a 122.35 per cent increase in its first quarter 2024 revenue when compared to the same period in 2023, stating that it raked...