Business & Economy

By Mike Abbah The Central Bank of Nigeria (CBN) has debunked the story making the rounds that it has introduced new N5,000 and N10,000 notes, “in a bid to reduce cash handling challenges”. Reacting to the story circulating in the social

Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended against the N2.1 trillion recorded in 2023 financial year. This is in spite of diverse transaction and service complaints, dissatisfaction among customers

By Taiye Olayemi Wema Bank Plc has recorded a profit before tax of N102.51 billion. This marks an increase of 135 percent compared to the N43.59 billion recorded in 2023. The bank has proposed a dividend of N1.00 per share following its

By Taiye Olayemi The UAC of Nigeria has reported a profit before tax of N26 billion for 2024, marking a 107 per cent increase from the N12 billion recorded in 2023. The company disclosed this in a corporate filing with the

The Nigeria Economic Summit Group (NESG) has advised the Federal Government to sustain the crude oil production level of 2.2 million barrels per day (bpd) to ensure the feasibility of the 2025 budget. Dr Tayo Aduloju, the Chief Executive Officer of

Dr. Ifeanyichukwu Okonkwo A frontline activist, Dr. Ifeanyichukwu Okonkwo, has threatened to sue Anambra State Governor, Professor Charles Soludo, over the proposed demolition of Afor Nnobi Market, at Nnobi community in Idemili South Local Government Area of the State.

Senator Jimoh Ibrahim Senator Jimoh Ibrahim (Ondo South) has warned the Senate against any move to interfere in the “democratic sale” of any company or shares of a company in Nigeria, by private investors, stating that the Red Chamber has no business interfering

Corporate Accountability and Public Participation Africa (CAPPA) will tomorrow , March 28, 2025, hold a media presentation and official launch of its latest report, Big Debts, Big Thirst: A Case Study of World Bank-Supported Water Projects in Ekiti, Rivers, and Bauchi States. The

The Abuja Chamber of Commerce and Industry (ACCI), has reaffirmed its commitment to boosting women’s participation in business and trade for economic growth. Its Director-General, Mr Agabaidu Jideani, disclosed this at a virtual meeting to commemorate the International Women’s Day (IWD)

By Taiye Olayemi The stock market on Wednesday – yesterday, March 26 – recorded a downturn as performance indices declined by 0.11 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N74 billion, or 0.11percent, to N66.140 trillion