Browsing: Business & Economy

Once a thriving hub for syringe and needle manufacturing in Africa, Nigeria has seen the closure of approximately eight such companies; Jubilee Syringe Manufacturing Company was…

The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted by International Money Transfer Operators (IMTOs).…

The Lagos State Governor, Babajide Sanwo-Olu, on Tuesday departed Lagos for Beijing, China, as part of actions to fulfill his promise of delivering a multimodal transportation…

The Lagos State Government plans to allocate N550.689 billion, constituting 24.28% of its 2024 budget, for infrastructure development and maintenance.   The Commissioner of Economic Planning and…

Naira gained against the dollar on Wednesday, 31st January 2024 at the official market after it plunged to a record low of N1,482.57 per dollar the previous day.  The…

BUA Foods Plc has released its full year 2023 financial result posting a profit after tax of N111.536 billion amidst economic headwinds.  This was contained in…

FBN Holdings Plc, a leading financial institution in Nigeria, has announced the appointment of Mr. Olufemi Peter Otedola, CON, as its new Chairman of the Board…

The FCT Minister, Nyesom Wike, has expressed his satisfaction with the ongoing progress of the Abuja light rail project, affirming the project’s commitment to meet its…

Transnational Corporation Plc (TRANSCORP) has posted its unaudited financial statements for 2023, reporting a net income (profit for the year) of N34.09 billion, reflecting a growth…

… Banks’ future FX gains at risk The new foreign exchange (FX) rule released on Wednesday by the Central Bank of Nigeria (CBN) is expected to…