Business

…stands at N4.36tn after Buhari’s conversion The federal government’s borrowing from the Central Bank of Nigeria (CBN) stood at N4.36 trillion as of June, a month…

The presidency has disclosed that President Ahmed Bola Tinubu’s administration is working on policies that will strengthen the Naira. A Special Adviser to the President on Economic Matters, Dr Tope Fasua,…

Mr Sam Onukwue is the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of the Chartered Institute of Stockbrokers (CIS). In this interview with Nairametrics, he spoke on a…

Philip Mshelbila, the Managing Director at Nigeria Liquefied Natural Gas (NLNG) Limited says Train-7 has reached 52% completion. He said this during a recent engagement session with Simbi Wabote, the Executive…

OpenAI CEO, Sam Altman, has announced that the popular AI chatbot, ChatGPT now has 100 million weekly active users.  Altman disclosed this at the company’s first developer conference in San Francisco on Monday,…

Naira has continued a downward slide in the West African sub-region trading at N2,010 per CFA1000 at the close of business last Friday. Naira traded at N1,870 per CFA1000 at the open market at the weekend. While, as…

Staff members of X (formerly Twitter) in Africa who said they were sacked and ghosted by the company without severance pay or benefits have threatened to sue the giant microblogging company over failure to pay out the…

The exchange rate gap between the official and parallel segments of the foreign exchange market narrowed by more than a half in one week amid a…

Federal Government has projected ambitious plans to increase revenue accruing from Value Added Tax (VAT) from an average of N35 trillion in 2024, to N40 trillion in…

In a startling turn of events, the world’s richest man, Elon Musk, saw a substantial drop in his wealth in October as $35 billion evaporated from his fortune, primarily due to the downward trajectory of his Tesla shares.…

The devaluation of the naira has increased Nigeria’s debt profile by N20.6trn trillion in five months, Daily Trust can report. A data analysis by Daily Trust indicates that the new borrowing plans by the federal…

The Association of Bureau de Change Operators of Nigeria has warned currency speculators to be wary as the Naira strengthens further against the United States of American dollar. In a WhatsApp message sent to The PUNCH…

The management of Dangote Industries Limited (DIL) on Sunday revealed that the company has so far repatriated over USD576,008,672.41 earned from its pan-African operations to Nigeria. The company said this was in addition…

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that under his leadership, the Bank would focus mainly on the core mandate of price stability. The bank dislosed yesterday that Mr.…

Fitch Ratings has affirmed Nigeria’s long-term foreign currency credit default outlook at B- citing recent policies by President Tinubu as responsible for the stable outlook. It also raised concerns over the proposed $10…

Nigerian billionaire businessman Femi Otedola has sold off shares worth N5.06 billion ($6.4 million) in his power generation company, Geregu Power Plc, as part of a recent…

Two years after Abdullahi Ganduje, then governor of Kano State and current national chairman of the All Progressives Congress (APC), brokered truce between the President of Dangote Group, Aliko Dangote and Chairman of BUA…

Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from…

Nigeria is on the radar of foreign investors once again after a seeming slowdown in reforms initially saw them grow cold feet towards…

GlaxoSmithKline Consumer Nigeria Plc will pay its shareholders N17.42 for every share held as per the proposed Scheme of Arrangement for the dissolution of the company.   GlaxoSmithKline, the UK-based pharmaceutical…

BUA Industries has finally responded to several allegations levelled against its management in 7 Page-Editorial by Aliko Dangote. In a statement signed by its management sent to POLITICS NIGERIA, BUA detailed several…

The Naira is poised to strengthen to below N1,000 per dollar on the parallel market next week, following positive sentiments around the Federal Government’s…

Pay-TV operator Multichoice Nigeria has announced a second price increase for its DStv and GOtv packages this year, with hikes of at least 19% across all…

Naira on Friday strengthened against the dollar, gaining 22.13 percent (N290) agaist the dollar to steady at N1,020 on Friday from the peak of N1,310 on Thursday last week on…