Business News

The foreign exchange (FX) opened on Friday morning after the holidays with the Naira, Nigeria’s currency exchanging with the US dollar at N1,130 at the parallel market. This represents 0.88...

Less than 24 hours following a fire that devastated the cosmetics and hair attachment section of Balogun Market in the central business district of Lagos Island, another blaze has occurred...

CNN International correspondent Larry Madowo has criticized the $215 single entry visa fee for Nigeria, labeling it as exorbitant. Madowo expressed his views on his LinkedIn profile on Monday. He...

A Federal High Court in Abuja has ordered that Tigran Gambaryan, a Binance executive, be held at the Kuje Correctional Centre until his bail application is decided. The court dismissed...

Many Nigerians have expressed outrage at the Nigerian Electricity Regulatory Commission‘s increase in the electricity tariff for customers under the Band A classification. It was reported that the Vice Chairman...

The naira yesterday continued to gain against the dollar, at the official window while it maintained stability at the parallel markets. At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the...

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide. The sales of diesel which started last week was...