Business News

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the prices of goods and services...

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous...

BUA Foods has improved profit after tax by 22.72 per cent to  N112.1bn in 2023 from the N91.3bn reported in the prior year. According to its annual report and financial...

Twelve banks will be unable to utilise about N4.8tn in retained earnings in their coffers to strengthen their capital base in line with the new Central Bank of Nigeria directive...

In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to...

About 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the Federal Government despite its insistence to discontinue the programme and drastic steps to improve its...

Throughout March 2024, the Nigerian naira experienced a notable appreciation against the US dollar, marking a gain of over N350. This substantial improvement was attributed to various foreign exchange policies,...

Afreximbank, in collaboration with Sterling Bank, has launched an innovative supply chain finance product called Payables Finance in Nigeria. Branded as Afreximbank Tradelink, this product falls under Afreximbank's digital offerings...

The federal government has revealed that in December 2023, the United Kingdom exported £185 million worth of goods to Nigeria while importing £154 million, resulting in a negative trade balance...

Nigeria faces a paradoxical situation where gas, intended to mitigate power shortages, is instead being wasted through flaring, leaving numerous households without electricity. BusinessDay reports that Nigeria squandered natural gas...