Business

Air Peace, Nigeria’s largest airline, has placed a firm order for five Embraer E175 aircraft worth $288.3 million. This strategic…

The Naira on Friday fell to an all-time low of N955 per dollar as demand for the greenback intensified at the parallel market, popularly…

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy…

It’s no longer news that First Bank shares have been on a downward trajectory with shareholders losing billions since the battle for control of the one-time troubled bank ensued. A report by Enigeria News which…

Three days to the deadline given by President Bola Tinubu, federal government agencies in collaboration with law enforcement operatives are struggling to recover billions of naira given to rice farmers as loans…

Public outcry has continued to greet increases in the prices of products and reductions in content in French supermarket Carrefour. This came after shoppers woke up to the shocking discovery of the rise in prices of…

• DisCos, GenCos suffer as economy records N3b losses to nationwide blackout • NERC’s contract fails to instill market discipline despite SBT • …

The Association of Capital Market Academics of Nigeria (ACMAN) has called on President Bola Tinubu to set up a Capital Market Advisory Committee (CMAC) comprising capital market experts in the industry and…

Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc UK.  This was disclosed via a press release statement sent to Nigeria Exchange Limited (NGX) and seen by…

The number of bank account owners in Nigeria with Bank Verification Number (BVN) increased to 58.7 million as of September 12, 2023.  This was revealed in the latest BVN registration data released by the Nigeria…

In a significant development aimed at stopping forex arbitrage, the Central Bank of Nigeria (CBN) has released a stern warning to all International Money Transfer Operators (IMTOs) operating within the country. The apex…

Festus Keyamo, minister of aviation and aerospace development, says the federal government is ready to make Nigeria the aviation hub of Africa. Keyamo spoke on Wednesday at the seventh edition of the Aviation Africa…

The Central Bank of Nigeria (CBN) on Wednesday, clarified that it was not planning to introduce a new Naira policy that would crash the…

The naira, on Wednesday, depreciated to N930 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N25 or 2.76 percent compared to the on August 23.…

The International Monetary Fund (IMF)yesterday announced that the United States (U.S.A) and China account for half of the world’s total indebtedness of $235 trillion, with both countries owing $117.5…

President Bola Tinubu yesterday, directed the Central Bank of Nigeria, CBN, to create a platform for quarterly reconciliatory meetings…

The Central Bank of Nigeria (CBN)’s directive on banks’ foreign exchange (FX) revaluation gains on Monday has caused a reaction among…

Adewale Adeniyi, the Acting Comptroller-General of the Nigeria Customs Service (NCS), has revealed that Nigerian importers…

Investors on the stock market of the Nigerian Exchange Limited (NGX) have lost N757 billion in two days over the demotion of…

Africa’s Global Bank, United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half…

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has said Nigeria has over 60…

Femi Otedola, the billionaire businessman, has applauded President Bola Tinubu for resolving the United Arab…

Says company controls over 50% subscribers in Anambra  MTN Nigeria Communication PLC has raised the alarm over wanton…

• Process heats up financial system • Top CBN officials, bankers attempt to induce…