The naira yesterday for the first time in two weeks appreciated at the parallel market to N1,600/$1. This comes after it had been exchanging and hovering around N1,610 to N1,630
Read MoreThe Nigerian stock market yesterday extended its rally, with N273 billion advance in market capitalisation, attributable to price uptick in United Bank for Africa (UBA), MTN Nigeria Communication Plc and 30 others. As UBA appreciated by
Read MoreThe pioneer Managing Director of the Access Bank Group, Aigboje Aig-Imoukhede, has been appointed as the chairman of Access Holdings. According to a statement from the financial institution filed with
Read MoreRising diesel costs are squeezing businesses across the country, threatening to stall economic growth and pushing some companies to the brink, BusinessDay’s findings have revealed. Diesel, the lifeblood of industries
Read MoreNigeria’s trade surplus shrank by 99.7 percent last year as imports surged to the highest in at least 16 years, a BusinessDay analysis of the latest foreign trade data shows.A
Read MoreThe Ibadan Electricity Distribution Company (IBEDC) disclosed on Sunday that it has documented “over 1,450 instances of energy theft between January and February 2024”. The regions affected by this issue span Kwara,
Read MoreOnly foreign borrowing can save naira, clear CBN debts – EIU International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the
Read MoreNigeria is poised to commence the official export of locally produced commodities to South Africa, Rwanda, Cameroon, and Kenya starting next month. This initiative falls under the Guided Trade Initiative
Read MoreHeirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited,
Read MoreThe productivity of the private sector of the Nigerian economy dropped markedly from 54.9 in January to 51.0 in February 2024. This was revealed by headline figure of the Purchasing
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