Business News

Nigeria’s foreign exchange reserves have fallen to the lowest level in more than two months, according to  the latest data from the Central Bank of Nigeria (CBN). The CBN data  showed that as of November 10, the foreign exchange  …

There was palpable tension in Enugu State on Monday following the report of a suspected Yellow Fever outbreak in three more local government areas of the state. Enugu State had been battling to contain the outbreak of the disease in two…

Former Chairman of Asset Management Corporation of Nigeria (AMCON) and APC Chieftain in Lagos, Muiz Banire, on Sunday, described the freezing of bank accounts of #EndSARS promoters by the Central Bank of Nigeria as “meddlesome interloper.”…

The Nigerian Stock Exchange (NSE) has attributed the sustained jumpy appreciation in prices of Nigerian equities to smart thinking by investors hunting for improved returns and the general resilience of the Nigerian stock market. The…

The Nigerian Stock Exchange (NSE) recorded profit of N2.75trillion in the last two months (September and October 2020) following investors’ high demand for undervalued stocks. This is in spite of  the #EndSARS protests and the attendant…

The international oil benchmark, Brent crude, gained nearly two per cent early this week, shaking off earlier losses, as the United States heads into its presidential election. Brent, against which Nigeria’s oil is priced, had fallen…

The Federal Government recorded a fiscal deficit of N409.39 billion in August , even as its total federally collected revenue rose by 2.7 per cent to N 767 .55 billion, according to the Central Bank of Nigeria (CBN) report. There was a…

Nigeria’s value-added tax (VAT) collection increased from N327.2 billion recorded in Q2 2020 to N424.71 billion in Q3 2020, as other manufacturing sector led the pack with N47.07 billion remittance, according to  the National Bureau of …

The Nigerian Electricity Regulatory Commission (NERC)  has said  that 59.6 per cent of electricity consumers in the country were still on estimated billing as at March 2020. NERC made this known in its First Quarter 2020 Report which was…

The House of Representatives Committee on Aviation has asked the Federal Government to suspend plans for the concession of four of the nation’s airports. The four international airports involved are  Lagos, Kano, Port Harcourt and Abuja,…