MTN Nigeria Communications Plc recently released its report for Q1 2024, which shows that the telecommunications company recorded a loss after tax of N392.7 billion.The company reported a net foreign ...
Yesterday, it was reported that the Central Bank of Nigeria (CBN) had increased the exchange rate used to calculate tariffs and import duties collected at airports and seaports.This development comes ...
A.P. Moller-Maersk, a Danish shipping and logistics company, recently announced its plans to invest $600 million to strengthen Nigerian ports' port infrastructure and offer more container shipping ser...
Based on an analysis of Meyer Plc's most recent financial statement by BusinessDay, the company's earnings as one of Nigeria's largest paint manufacturers, fell by 40% last year. The company's af...
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the...
Mr Akinwumi Adesina, the president of the African Development Bank, stated yesterday that non-transparent resource-backed loans threaten Africa's economic prospects because they make debt resolution m...
British International Investment, an impact investor and development finance institution based in the United Kingdom, has reported that it has entered into a risk-sharing agreement worth $100 million ...
The Nigerian stock market finished the mid-week session yesterday with a bearish run, as its overall capitalization lost N673 billion.The NGX All-Share Index (ASI) lost 1,190.24 points, representing a...
MRS Oil Plc has announced that it will seek shareholders' permission to remove itself from the Nigerian Exchange Limited.The company filed a notice to the NGX after Tuesday's extraordinary general mee...
The federal government has announced the Presidential Intervention Fund for Micro, Small, and Medium-Sized Enterprises and Manufacturers in Nigeria, valued at N200 billion.The minister of industry, tr...