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Air Peace now connects passenger from Abuja, Asaba, Enugu others to London
Air Peace has expanded its Lagos-London route to include passengers from Abuja, Asaba, Benin, Enugu, Owerri,!-->…
CAP records 2.5bn profit- Report
Chemical and Allied Products (CAP) Plc, a Nigerian paint and coating company, has announced its highest profit in!-->…
Banks witness 260.9% increase in impaired loans
According to data analyzed by BusinessDay, seven listed Nigerian banks, including Zenith Bank Plc, United Bank for!-->…
Bread prices rise as currency woes and war squeeze bakeries
The Premium Beadmakers Association of Nigeria (PBAN) has identified the volatile exchange rate and Nigeria's!-->…
We now buy dollars at N980, sell at N1020 – BDCs president
Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, revealed that BDC!-->…
IMF raises Nigeria’s economic growth forecast to 3.3% for 2024
The International Monetary Fund (IMF) has revised Nigeria's economic growth forecast for 2024 upward from three!-->…
FG may revoke unused oil well licences amid $30bn loss
Concerned about the country's declining oil revenue, the Federal Government has announced intentions to take over!-->…
Minister suspends mining activities at OAU and environs
Dr. Dele Alake, the Minister of Solid Minerals Development, has ordered an indefinite suspension of mining!-->…
NCCA suspends private jets’ commercial operations
The Nigerian Civil Aviation Authority (NCAA) has suspended the permits for non-commercial flight licenses of three!-->…
FG Clarifies Recent Electricity Tariff Hike
The Nigerian government has explained that the recent increase in electricity tariffs mainly affects a small,!-->…
$461m investment gap slows Nigeria’s internet coverage
As of January, Nigeria's broadband penetration dropped to 42.53%, with 92.19 million subscriptions in a country of!-->…
Royal Exchange Rights Issue Falls Short at 75.83% Subscription
Royal Exchange Plc, a company offering life assurance, health insurance, and credit financing services, saw its!-->…
Manufacturers may head for court over unsettled forex backlog – MAN DG
In this interview, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, discusses!-->…
Transcorp Power Targets 740MW Electricity From Ughelli Power Plant
Transcorp Power has revealed its ambition to boost electricity generation at its Ughelli power plant, targeting a!-->…
Local Refinery To Buy Crude In Naira — FG
iThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a new template to facilitate!-->…
SEC, Capital Market Community Hold Q1 Meeting
The Securities and Exchange Commission (SEC) has revealed plans for the Capital Market Committee (CMC) meeting,!-->…
Food inflation hits 40% in Nigeria as prices continue to soar
The National Bureau of Statistics (NBS) has reported a staggering increase in food inflation to 40% in March,!-->…
N720bn lost to lower crude production in two months- Report
Nigeria experienced a significant loss of approximately N720 billion in revenue due to consecutive monthly!-->…
Nigeria’s Tier-1 banks plan $3.03 billion in fresh capital
Four of Nigeria's tier-1 banks, including FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and!-->…
Zenith bank takes steps to meet CBN’s N500bn capital requirement
Zenith Bank Plc has announced its proactive measures to comply with the Central Bank of Nigeria's (CBN) new!-->…
Air Peace faces tough competition on London Route as currency rebounds
Air Peace recently launched flights on the Nigeria-London route, sparking intense competition with established!-->…
Six banks shareholders get N366bn dividends –Report
In 2023, investors in six Nigerian financial institutions reaped significant rewards, with final dividends!-->…
FG targets 6,000 megawatts of electricity in 6 months
Nigeria's Minister of Power, Adebayo Adelabu, has provided assurance that the country is set to generate 6,000!-->…
NNPC Chief pledges increased gas supply to stabilise naira
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Kyari, has vowed to escalate!-->…
Former CBN Governor Godwin Emefiele Granted N50 Million Bail
A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN)!-->…
20hrs Supply: DisCos post 37 apologies to Band A customers In 1 week
Following the Nigerian Electricity Regulatory Commission's (NERC) recent increase in electricity tariffs for Band!-->…
Government expects 1.5trn savings, more meters with electricity tariff hike
The Federal Government has announced that it expects to save a significant amount of money this year following the!-->…
Dredgers Association threatens legal action over Tilapia Fish mortality
As the controversy surrounding the death of tilapia fish in Epe persists, the Dredgers Association of Nigeria!-->…
New CEO of Africa Prudential eyes capital market opportunities
Catherine Nwosu, the recently appointed Managing Director/Chief Executive Officer of Africa Prudential Public, has!-->…
IBEDC MD urges customers to halt attacks on workers
Kingsley Achife, the Managing Director of Ibadan Electricity Distribution Company (IBEDC), has issued an appeal to!-->…