Business

Total turnover of activities by foreign portfolio investors (FPIs) in Nigeria has tripled to its highest in five years as investors continue to show positive disposition to Nigerian investments. Total FPIs…

An aide of former President Mohammed Buhari has refuted the claim of the Governor of the Central Bank of Nigeria, Yemi Cardoso, who blamed the current economic hardship in the country on the poor handling of the…

The new interest rate announced by the Central Bank of Nigeria (CBN) will not bode well for the economy, the organised private sector has said. It may be recalled that the Monetary Policy Committee (MPC) of…

Nigeria’s money supply (M2) surged to a new high of N107.1 trillion in August 2024, marking a 0.75% month-on-month (M-o-M) increase from N106.3 trillion in July and a 5.6% rise from N101.4 trillion in June, according to…

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has been officially certified as a Great Place To Work for the year…

The naira depreciated to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira…

Access Holdings Plc, has announced a donation of over N1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc. The announcement was made during a visit of the…

*Analysts forecast bright future for bourse, say market remains resilient Amidst turbulent economic challenges, Nigeria’s stock market has demonstrated remarkable resilience, posting impressive gains that…

The unattractiveness of Nigeria’s economy has continued to take a toll on its richest citizens who are exploring greener pastures to sustain their wealth base. A global leader in residence and citizenship planning, Henley…

The Nigerian Consumer Credit Corporation (CREDICORP) has disclosed that a total of N3.5 billion has been disbursed to beneficiaries through financial institutions participating in its consumer credit scheme. The…

The decision of ExxonMobil to invest $10 billion in deep-water oil projects in Africa’s biggest oil-producing country is expected to unlock at least 180,000 barrels per day (bpd), BusinessDay’s findings have…

Chief Commercial Officer, Dana Motors, Matthews Kuruvilla has identified lower cost as one of the advantages of using Compressed Natural Gas (CNG) to power automobiles. Kuruvilla said CNG was almost 70 per cent…

Nigeria Deposit Insurance Corporation (NDIC) said it has successfully paid 94 per cent of insured depositors of the defunct Heritage Bank. Managing Director (MD) of the corporation, Bello Hassan broke the news…

The Chairman of BUA Foods Plc, Abdul Samad Rabiu, has attributed the rising cost of foodstuffs in Nigeria to the greed of distributors and…

The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol landing cost,…

The federal government is proposing the collection of charges, fines and others, by the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian…

The House of Representatives has asked the federal government to prevail on the Nigerian National Petroleum Corporation Limited(NNPCL) and the Dangote Refinery to allow independent petroleum marketers in the country…

Aliko Dangote, Africa’s richest man, is reportedly seeking to emulate the business strategy of Indian tycoon Mukesh Ambani by reinvesting the profits from his recently commissioned refinery into other sectors. Dangote’s…

The Board of Directors of Stanbic IBTC Holdings PLC has announced the appointment of Mrs. Olusola David-Borha as Chairman of the company’s board with effect from September 26th, 2024.   In a statement signed by the…

Femi Otedola, the chairman of First Bank of Nigeria (FBN) Holdings and majority shareholder, has increased his stake in the financial company to…

Nigerians now pay N246,000 on average to travel by flight, a fresh report by the National Bureau of Statistics (NBS) has shown. The report titled…

The Corporate Accountability and Public Participation Africa (CAPPA) says Coca-Cola’s promise of a $1 billion investment in Nigeria is a hollow…

The Federal Government on Wednesday exonerated itself from the petrol pump price squabble between the Nigeria National Petroleum Company Limited (NNPCL) and private refinery, Dangote Refinery. The government said both…

The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,590 per dollar to meet the demand for invisible transactions. CBN announced the…