Business & Economy

The Nigeria Deposit Insurance Corporation (NDIC) says the corporation is managing assets of almost 600 failed banks and working to ensure that depositors are paid their uninsured deposits. Mrs. Patricia...

  A review undertaken by the Federal Competition and Consumer Protection Commission (FCCPC) has uncovered patterns of price manipulation perpetrated by some local airlines during the last festive season. Political...

In 2001, he took an even bolder step by founding Zinox Technologies, one of the first indigenous computer brands in West Africa. Zinox not only assembled computers but ensured quality...

Farmers in Lagos State have expressed joy over the World Bank proposed $500 million loan to the Nigerian agriculture sector, while calling for appropriate implementation. The agriculture experts made the...

African governments will lean more on multilateral lenders and reform momentum in 2026 even as debt distress risks remain elevated across the continent, S&P Global Ratings' head of national ratings...

The Nigerian Ports Authority (NPA) said at least 12 ships have arrived at the Lekki, Tin Can, and Apapa ports in Lagos and are awaiting discharge of petrol, fertilizer, urea,...

The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The...

The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr....

Nigeria's state oil firm NNPC will begin exporting a new light, sweet crude grade called Cawthorne from March, an NNPC spokesperson said, adding to a recent recovery in output from...

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.50 per cent from 27 per cent, the CBN...