Business News

The Nigerian currency, the naira, witnessed a notable uptick in its value against the US dollar in both the parallel market and the official Nigerian Foreign Exchange Market (NAFEM) on...

The President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Oladapo Olatunbosun, has underscored a concerning trend within the domestic market – the relentless escalation of cooking gas...

MTN Group, the leading telecommunications operator in Africa, has accepted an undisclosed offer from Telecel, an Africa-focused telecom service, to sell its equity interests in MTN Guinea-Bissau and Guinea-Conakry. This...

In 2023, Nigeria's largest conglomerate, the Dangote Group, witnessed a substantial rise in input costs, reaching a staggering N1.398 trillion across its three quoted companies on the Nigerian Exchange Limited....

The Monetary Policy Committee (MPC) of the CBN has announced a significant increase in the benchmark interest rate by 200 basis points, from 22.75% to 24.75%. This decision was made...

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...