By Rosemary Iwuala Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of a majority stake in...
By FDC Analysts The NBS released the CPI report for March on Saturday (April 15) as scheduled. Contrary to our projection, headline inflation sustained its upward...
The federal government has taken immediate steps to maximise and harness the full economic potential inherent in cashew export. The Executive Director and Chief Executive, Nigerian...
Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from different terminals in the country. BUSINESS METRICS gathered that this development was triggered by...
The gap between the Nigerian naira exchange rates at the investors, exporters’ window and parallel market printed lower at N278 per United States (US) dollar. Creating...
Simon Echewofun Sunday Nigeria continues to suffer from chronic shortage of electric power. The country has an installed electricity generation capacity of around 13,700 megawatts (MW)...
Nigeria’s domestic bourse resume trading on Monday only to tilt towards bears’ camp as sell-offs on the floor of the exchange, forcing share prices to close...
By Sandra Orim The Securities and Exchange Commission (SEC), Nigeria’s apex capital markets regulatory body, has issued a fund/portfolio manager’s licence to Kudy Financials Limited. This...
Motor Africa, a mobility & IOT infrastructure startup in Nigeria, and OnePipe, a fintech infrastructure provider, have launched a lending as a service (LaaS) proposition to...
Abbey Mortgage Bank Plc has released its audited financial results for the full year ended December 31, 2022, showing impressive performance across major indices. The full-year...
By Sandra Orim Activities at the Murtala Muhammed Airport (MMA), Lagos and other major airports across the country were paralysed on Monday due to the two-day...
Guaranty Trust Holding Company (GTCO) Plc, the holding company for Guaranty Trust Bank and other subsidiaries, recorded marginal decline in profitability in 2022 as pre-tax profit...
Nigeria’s financial markets were in a tailspin at the weekend amid concerns over macroeconomic outlook and dodgy currency risks. Consequently, the naira fell across the official...
Stock investors in Nigeria recorded significant losses last week following sustained sell-offs in the market, leading to N601 billion net loss in just four days during...
Lekki Gardens Estates Limited has redeemed and repaid N3.48 Billion Series 1 (Tranche A) Commercial Paper issuance under the N25 billion Commercial Paper Programme to investors...
The International Monetary Fund (IMF) says global growth will bottom out at 2.8 per cent in 2023 before rising modestly to 3.0 per cent in 2024....
Tentative signs in early 2023 that the world economy could achieve a soft landing, with inflation coming down and growth steady, have receded amid stubbornly high...
Upon returning from Easter Holiday to commence stock trading activities on the floor of the Nigerian Exchange Limited (NGX) on Tuesday, the local bourse recorded massive...
By Rosemary Iwuala David Malpass, The World Bank Group President, says global growth is expected to be weak in 2023, slowing to two per cent from...
Ahead of planned fuel subsidy removal by June 2023, the World Bank has granted the Nigerian government $800 million to put up a comprehensive palliative scheme...