Business

Regulatory Costs, Inflation Push Banks’ Operating Expenses To N874bn           Nine commercial banks in Nigeria recorded an aggregate operating expense of N874.8bn in the first half...

Naira Declines Amidst CBN’s Assurance Of Increase In Forex Supply           The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria...

Naira Records Slight Gains After Nigeria Raises $4bn In Eurobond           Following yesterday’s report of the $4 billion Eurobond Nigeria raised, which was dubbed one of...

CAC Registers 245,000 SMEs Free The Corporate Affairs Commission (CAC) has registered more than 245,000 Small and Medium Enterprises businesses free of charge. The Registrar-General, Alhaji Garba Abubakar, told the...

Daily Fuel Consumption Rises To 72m Litres As Subsidy Hits N541.66bn             Petrol consumption in the country jumped from 55.59 million litres a day in April...

Investors Lose N11bn As Banking Stocks Decline Further           Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn...

Cooking Gas Marketers Lack Facilities Says NLNG, Price Hits 7,000             The management of the Nigeria LNG Limited has said that marketers do not have enough...

AMCON Takes Over Former Kwara Governor's Mansion Over ₦5Billion Debt Following the order of Hon. Justice A.M. Liman of the Federal High Court, Lagos Division,...

CBN Warns Against Speculation, Manipulation Of Forex           The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought...

Banking Stocks Record Loss As Market Sheds N17bn           The Nigerian Exchange Limited equities market declined by N16.97bn on Tuesday as major banking stocks recorded losses. The...

'How Nigerian Businesses Fared During 2020 COVID-19 Pandemic'           Not less than 20 percent of full-time workforce in Nigeria lost employment during the COVID-19 pandemic in...

Nigeria, China Trade Volume Hit $20bn             The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria...

Nigeria Raises $4 Billion Via Eurobonds After an intensive two (2) days of virtual meetings with investors across the globe, Nigeria has raised the sum...

Calls For Emefiele's Resignation Faulty- Nwanisobi The Spokesman of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi has faulted claims from certain quarters for...

Banking, Insurance Stocks Drop As Market Sheds Nearly N20bn           Equity investors in the Nigerian Exchange Limited lost N19.51bn on Monday as the market capitalisation slid...

DPR Shuts 11 Illegal Gas Plants, Petrol Stations In Abuja             The Department of Petroleum Resources (DPR) has sealed 11 illegal gas plants as well as...

Oil Benchmark Dispute Delays MTEF/FSP Consideration In Senate           The disagreement between the leadership of the Senate and the joint Senate committees that worked on the...

It’s Compulsory For Nigerians To Accept e-naira - CBN           The Central Bank of Nigeria says the e-naira which is set to be launched on October...

AbokiFX: BDCs Halt Exchange Rate Publication, Naira Slides Further             The naira defied all interventions and continued sliding against other currencies, exchanging 580 to the dollar...

Dangote Says Sugar Master Plan Can Save $700m Yearly           The Chairman of the Dangote Sugar Refinery Plc, Aliko Dangote, has stated that the National Sugar...