Nigeria’s external reserves reached a 22-month high of $37.31 billion, indicating a significant increase in foreign inflows into the country’s economy. According to the Central Bank…
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All the latest business news in Nigeria
The rail transportation system in Nigeria is gaining popularity, with revenues reaching ₦1.69 billion in the second quarter of 2024, marking a 53.14% increase from the…
PZ Cussons has announced its intention to offload its African subsidiaries to potential buyers due to foreign exchange difficulties. This decision was disclosed in the company’s…
Following the official lifting of petroleum from the Dangote Refinery by the Nigerian National Petroleum Corporation Limited (NNPCL), oil and gas expert Jide Pratt says it…
The Nigerian Electricity Regulatory Commission has fined the Abuja Electricity Distribution Company (AEDC) N1.69 billion for overcharging its customers. The fine, detailed in Order NERC/2024/114, was…
President Bola Tinubu has expressed satisfaction with the recent National Bureau of Statistics report, which revealed Nigeria achieved another trade surplus of ₦6.95 trillion in the…
The Nigerian Exchange Limited (NGX) began the week on a downturn, with investors facing a loss of ₦111 billion on Monday. The NGX market capitalisation, which…
The Naira gained ground against the Dollar at both foreign exchange markets to kick off the week. According to FMDQ data, the Naira strengthened to ₦1580.46…
On Monday, NNPC Limited announced that it had signed an agreement with its joint venture partner, Chevron Nigeria Ltd (CNL), to convert five of its JV…
The Minister of Solid Minerals Development, Dr Oladele Alake, has signed a $ 1 billion iron ore steel deal project between Nigeria and China. The project…