Business

Goldman Sachs has described Naira as the best-performing currency this month (April), saying the currency will exchange below N1,000 per Dollar. The firm disclosed…

President of Association of Foreign Airlines’ Representatives in Nigeria (AFARN), Dr Kingsley Nwokoma, has said Air Peace is not the reason for the Lagos-London ticket price crash. Daily Trust reports that Air Peace,…

Investors of six Nigerian financial institutions collected about N366.93bn in final dividends in 2023. According to The PUNCH analysis of their audited financial results filed with the Nigerian Exchange Limited, the…

The naira held onto its bullish momentum despite the dollar’s most recent aggressive gains this week, as concerns about persistent inflation remained unabated, despite weaker-than-expected March U.S. producer prices. This…

Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday. News of the appeal comes two…

After months to turmoil and near bankruptcy as a result of the prohibitive cost of aviation fuel, Nigerian airlines are celebrating following the news that…

As debt burden continues to rise in countries of the world, the International Monetary Fund (IMF) has projected that debt servicing would gulp as much as 14 percent…

Businesses in Nigeria including manufacturers have been under intense pressure in the last three months following the Nigeria Customs Service’s effort to meet its N5 trillion annual revenue target. While Customs…

The Naira on Thursday rose to an eight-month high of 1,120 per dollar on the parallel market, popularly called black market, driven by a series of foreign…

Hundreds of staff, including senior partners and managers, in Klynveld Peat Marwick Goerdeler (KPMG)in the Netherlands, cheated on professional exams and the firm misled investigators about the misconduct. United States audit…

Libya overtook Nigeria to emerge top African crude oil producer for the month of March, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According to the April 2024 Monthly Oil Market Report…

The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent non-oil export domiciliary account holders from obtaining foreign exchange through the…

Former US President Donald Trump has suffered substantial financial setbacks, resulting in his removal from the global billionaire index amid an ongoing legal battle. This led to the crash of his Truth Social…

The Chairman of  Dangote Group, Alhaji Aliko Dangote, has said that the significant cut in the diesel price to N1,200 will have a positive effect on inflation in Nigeria. He disclosed this  during a Wednesday…

117 gone in 20 days Staff accuse mgt of illegality, double standard External vendors affected Fifty more staff of the Central Bank of Nigeria (CBN) were sacked on Monday, adding to…

… We’ll keep pushing new boundaries to satisfy our consumers ― Dangote The president of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Sir Odeiga Jideonwo, has…

The Central Bank of Nigeria, CBN said that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking position in Nigerian banks through the ongoing recapitalisation exercise. Director,…

The Corporate Affairs Commission, CAC, has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking… The Corporate Affairs Commission, CAC, has placed the…

The Director of Financial Policy & Regulatory Department of the Central Bank of Nigeria (CBN), Haruna B. Mustafa, has provided reasons for the exclusion of retained earnings of banks in the proposed capitalization…

Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700 and N850/litre, as operators plan to…

United Bank for Africa (UBA) Plc has released its audited results for the year ended December 31, 2023. The group’s profit before income tax (PBT) printed higher at N757.680billion as against N673.011billion in…

The management of Stanbic IBTC Holdings Plc is sure it will comfortably raise the N138 billion in capital shortfall for its national banking license following the recapitalisation announcement from the Central Bank of…

Oil prices increased during early Asian trading as optimism faded regarding the potential for ceasefire negotiations between Israel and Hamas to alleviate tensions in the Middle East. Brent crude futures climbed by 40…

Shareholders of Dangote Cement Plc will receive a dividend of N511.215 billion for the financial year ended December 2023, representing a reward of N30.00 for each share held. The board of directors of Dangote Cement…