Business

The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey …

Forbes’ current list shows that Dangote Group President Aliko Dangote remains the undisputed king of Africa’s rich men., leading Globacom chief Mike Adenuga, BUA Group chief…

The Central Bank of Nigeria (CBN) has announced its decision to stop the burning of currency notes withdrawn from circulation. In a notice posted on…

The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for forex. However, the bank exempted six companies from the…

Access Bank Plc will be listing its trail-blazing N15 billion green bond on the Luxembourg Stock Exchange (LuxSE), making it the first company to take…

Small and Medium Scale Enterprises (SMEs) are globally recognized as engines of socio-economic transformation. In Nigeria, they are at the heart of a push for economic…

THE Monetary Policy Committee of the Central Bank of Nigeria (CBN’s) decision to raise Cash Reserve Requirement (CRR) rate for banks has…

The Central Bank of Nigeria (CBN) has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention Sales (SMIS). The bank’s…

The current accounts held by bank customers have dropped by 4.5 million as at the end of 2019. This was disclosed by Nigerian Inter-Bank Settlement System…

Airbus has closed its aircraft production facility in Tianjin, near the Chinese capital Beijing, due to the coronavirus outbreak, the aircraft manufacturer said on Wednesday. “China domestic and worldwide travel restrictions are…

The currency in circulation increased by N240 billion between November and December 2019. This was stated in the  Central Bank of Nigeria’s (CBN) Money…

Fish importation will stop in 2020, the Federal Government has assured. It said it would encourage local fish production to achieve this.The Minister of Agriculture and…

Total Nigeria Plc suffered a major contraction in the immediate past business year with a record N2.42 billion net loss in 2019. The management of the company…

Adetayo Bamiduro, Chief Executive Officer and co-founder of MAX (Metro Africa Xpress), a motorcycle ride-hailing service, talks to SIMON UTEBOR about…

Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months, the apex…

MANY lottery operators across the country are having a field day no thanks to the rather slack regulatory regime,…

The world's richest man, Jeff Bezos has just gotten a lot more richer! The Amazon founder made precisely $13.2 Billion from a surge in the amazon stock which saw…

The four major telecommunications companies in the country were collectively handed a fine of N2.9 billion by the Nigerian…

The Lagos state government says it has issued a N100 billion series III bond under its N500 billion bond issuance programme. Babajide…

You wouldn’t know that Alexander Fridman is the child of Russia’s 11th-richest person. He rents a two-room flat on the outskirts of Moscow for $500 a month and uses the subway to get to work.“I eat, live,…

Ayodele Subair, the executive chairman of the Lagos Inland Revenue Service, says businesses that emigrated will not be lobbied to return to the…

Boeing reported on Wednesday its first annual loss since 1997 , as the company continues to grapple with the fallout of the 737 Max…

In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother of Africa’s richest man, Sani Dangote, has unveiled a N2.8 billion greenhouse…

There were obvious cracks but those who should know probably papered over them. Sometime in June 2019, Mrs. Grace Olowofeyeku, the Group Managing Director…