The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos. The Nigerian currency gained 50 kobo to close at N358, stronger than N358.5 traded on Tuesday, wh... Read more
Nigeria spent $119.409 billion on importation of items into the country in five years, according to the Central Bank of Nigeria. Director of Research in CBN Ganiyu Amao revealed this while t... Read more
Nigeria, Ghana and other regional insurance markets annually lose a whooping N2.89 trillion($8billion) to offshore insurance markets mainly in Europe and America, due to fragmented nature of... Read more
Coca-Cola has announced it will cut the size of a 1.75l bottle to 1.5l and put up the price by 20p in March, because of the introduction of a sugar tax on soft drinks from April this year. H... Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advocated immediate demolition of over 2,000 identified as ‘illegal’ filling stations operating across the country, to... Read more
The Federal High Court in Lagos has nullified the appointment of an interim board for telephone firm 9Mobile. Justice Ibrahim Buba made the order based on an application by Spectrum Wireless... Read more
In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with foremost e-commerce platform,... Read more
A Federal High Court sitting in Lagos has granted leave to Guaranty Trust Bank Plc to take possession of a property belonging to the former Governor of Oyo State, Rashidi Ladoja over a N207.... Read more
Banks and shops operating within the National Assembly Complex did not be open for business on Tuesday because of the budget presentation by President Muhammadu Buhari. As of 8:30am on Tuesd... Read more
The management of Unity Bank says it has appointed Aminu Babangida, son of Ibrahim Babangida, former military head of state, as chairman of the bank. In a notice posted on the Nigerian Stock... Read more
