Business

According to a National Bureau of Statistics (NBS) data set the capital importation into the sector has decreased by 25.07 per cent, year-on-year (y/y), in Q1’24 compared to N256.12 billion...

The United Nations recognizes 180 currencies worldwide as legal tender however, the popularity and use of such currencies should not be mistaken for economic value or strength often defined by...

Nigerian National Petroleum Company Limited (NNPCL) is optimizing efforts to ensure the penetration of Compressed Natural Gas (CNG) for powering vehicles nationwide - launching additional stations in Abuja and Lagos...

The Naira on Thursday, 04 July depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in...

The Nigerian Civil Aviation Authority (NCAA) has suspended the Permit for Non-Commercial Flights (PNCF) of 10 private jet operators. The operators alleged to have violated regulations prohibiting the use of...

The Nigerian National Petroleum Company Limited (NNPCL) yesterday told divesting multinational oil companies and International Oil Companies (IOCs) giving difficult conditions for oil exploration in the country to rethink their...

The Intra-African trade represented 14.9 per cent of total African trade in 2023, which was an improvement over 13.6 per cent recorded in the previous year. This was disclosed in...

The chairman and president of the Dangote Group, Aliko Dangote has raised concerns about the Central Bank of Nigeria's (CBN) high interest rate saying it can discourage investment and impede...

The Central Bank of Nigeria (CBN) has said it will take tough actions against Deposit Money Banks (DMBs) that reject old and small denominations of the US dollar. In a circular...

As the Dangote Petrochemical Refinery brand of Premium Motor Spirit (petrol) is anticipated to hit the local market in two to three weeks, marketers have expressed concerns that the product’s...