Business News

The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the...

Nigeria's prominent billionaire investors and business tycoons, Aliko Dangote and Abdulsamad Rabiu, saw significant growth in their respective companies. They collectively achieved nearly N10 trillion in capital gains by the...

The exchange rate utilized for customs import duties and cargo clearance payments currently exceeds Nigeria's foreign exchange market's official Naira to USD rate. According to data from the customs exchange...

In the first quarter of 2024, the Nigeria Customs Service (NCS) witnessed a decline in the volume of Single Goods Declarations (SGDs) for imports, marking a notable shift from previous...

Stakeholders have urged the Federal Government to implement policies that will tame the accelerating inflation in the country. In separate interviews with The PUNCH, the stakeholders said that concerted efforts from...

The bullish trading pattern of 2023 extended into the first quarter of 2024, resulting in a N18.203tn gain for investors in the Nigerian Exchange. The exchange had closed 2023 with...

he Nigeria Railway Corporation lost N119.85m in 2023  compared to revenue figures recorded in 2022. This is according to analyses of data obtained from the Nigeria Bureau of Statistics. The...

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase...

Cadbury Nigeria Plc has reported a staggering pre-tax loss of N28.2 billion for the fiscal year 2023, representing a significant decline of 2269% from the N1.3 billion pre-tax profit recorded...

The Central Bank of Nigeria (CBN) is bracing for a hefty interest payout, with projections indicating an outlay of approximately N1.01 trillion, stemming from its relentless efforts to safeguard the...