On Monday, the Federal Government reported that the price of natural gas for power-generating firms has increased to $2.42 per metric million British thermal units (mmbtu), a significant shift from th...
In its most recent Forbes billionaire list, the rating company named Nigerian businessmen Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola as the richest Nigerians in 2024. This is desp...
It was reported that after the Central Bank of Nigeria unified the foreign exchange market, International Breweries Plc reported a loss of N70.03 billion for fiscal year 2023, up from N21.63 billion t...
Cadbury Nigeria Plc, a consumer goods company, has announced that it will not pay dividends to its shareholders for the 2023 fiscal year because it suffered a huge loss of N19.09 billion after taxes.A...
Transcorp Hotels Plc recently released a positive result for the 2023 audited financial year and an increase in dividend payout to shareholders despite various macroeconomic challenges encountered dur...
In a recent announcement, Nigerian Breweries Plc declared it would use a rights issue to raise up to N600 billion.The decision to raise capital was made at Tuesday's Board of Directors meeting, accord...
The Alternative Bank, in collaboration with TK Tech Africa, has come to implement measures that are positioned to transform the landscape of financial technology and non-interest banking in Nigeria th...
A recent report revealed that the naira has continued to strengthen against the US dollar as it re-recorded a positive move on Wednesday, much to the delight of Nigerians, both at the official foreign...
The Nigerian Stock Exchange finished Wednesday negatively, leading market capitalisation down. The NGX All-Share Index (ASI) declined 336.82 points, representing a 0.32% decline, to close at 104,...
On Wednesday, the Organisation of Petroleum Exporting Countries (OPEC) announced that it and its allies had agreed to maintain the current oil output policy through their June meeting.According to a s...