News

The Nigerian Exchange Limited (NGX) has disclosed that Oando Plc and Union Bank of Nigeria Plc have exited NGX-30 Index, while BUA Foods Plc and Wema Bank Plc have joined...

Crude oil continued its year-long slide, falling as much as 5% on Wednesday, weighed down by demand concerns stemming from the state of the global economy and rising COVID cases...

Following the receipt of all required regulatory approvals, Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new directors across the Group. Underscoring the...

Zenith Bank Plc has announced the retirement of two executive directors, Ummar Shuaib Ahmed and Dennis Olisa, from its board effective December 28, 2022. In a statement signed by the...

The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and...

In the first trading day of the year, the Nigerian Stock Exchange (NGX) stock market opened on a bright note as capitalisation hit above N28 trillion, yesterday. The NGX All Share Index...

Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the...

The Trade Union Congress of Nigeria has asked the Federal Government to make petrol available at the official pump price of 180/litre, saying Nigerians cannot continue to pay for the...

The available generation capacity in Nigeria’s power sector dropped again in 2022, as it crashed from the 6,336.52 megawatts recorded in 2021 to 5,346.82MW last year, latest data on electricity...

According to the International Monetary Fund (IMF), the global economy will have a tougher year this year, with one-third of the world expected to enter a recession. Ms Kristalina Georgieva,...