Business

Nigeria slowed down on its capital expenditure during the first half of 2024. According to data from the Central Bank of Nigeria, CBN, the country recorded an expenditure of N1.99 trillion during this period, down…

Five Nigerian banks have in the last two months raised the sum of N1.26 trillion from the Capital Market. The banks are Zenith, Guarantee Trust, Access, Fidelity and FCMB. Director-General of the Securities and Exchange…

Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has reported a revenue of N223.6 billion, representing a significant 153% growth year-on-year, over N88.4 billion in Q3 2023. The company…

Methadeus Ofili is renowned environmental scientist. He is a voice to reckon with in Energy Policy/Sustainability sector in Nigeria. He is the Rector/CEO of Oil and Gas Business School, Port Harcourt.…

By Emeka Okoroanyanwu Central Bank of Nigeria, CBN, has again reaffirmed the safety and stability of Nigeria’s financial system, debunking what it called false allegations being levelled against the…

Diverted public funds amounting to N13 billion were recovered in September 2024 alone, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said. ICPC Chairman, Dr Musa Aliyu,…

Nigeria has again taken another World Bank loan worth $1.57 billion to finance three projects in the health and educational sectors. The bank had earlier approved $2.25 billion loan for the country to boost its economic…

The National Bureau of Statistics has said Nigeria’s headline inflation rate dropped to 33.2 percent in August 2024. It was 33.4 percent in July 2024. The NBS, in its Consumer Price Index report…

The Nigerian National Petroleum Company (NNPC) Limited has mobilised 100 trucks to Dangote refinery in readiness for petrol lifting on Sunday. BusinessDay reported that oil marketers would start lifting petrol from the Dangote…

The CBN has instructed Payment Service Providers to channel all PoS transactions from physical and electronic terminals to a designated CBN Payment Terminal Service Aggregator. It also issued a 30-day…