Business News

Forex, Oil and Gas specialist Mr. Emmanuel Iheanacho has emphasized that the recent uptick in the value of the naira will not automatically lead to a reduction in petroleum pump...

The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by The PUNCH. This was according to data from the Federation...

The Nigerian equity market continued its bearish run on Monday, losing N289bn due to sell-offs. The All-Share Index declined by 0.49 per cent as the year-to-date return went down to...

The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular made available to The...

The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by The PUNCH. This was according to data from the Federation Account...

The Nigeria Customs Service (NCS) has significantly reduced the exchange rate charged for cargo clearance and import duties collection. The rate has decreased from N1,572.5/$ to N1,448.38/$, marking a reduction...

Aliko Dangote, the president of the Dangote Group, has reportedly spent over N15 billion on a food intervention scheme that serves people all over Nigeria. His foundation, the Aliko Dangote...

Forex, the Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, notifying them that each BDC has been allocated $10,000 at a rate of...

Equity market investors lost about N248bn last week due to a decline suffered by Julius Berger (-17.15 per cent), MTN Nigeria (-12.25 per cent), PZ Cussons (-10 per cent) and...

Some businesses under the aegis of the Organised Private Sector of Nigeria are considering taking legal action against some commercial banks for not honouring forex requests which have lingered over...