The oil market closed lower by more than 2 per cent on Friday due to weaker Chinese demand and a potential slowing in the pace of US Federal Reserve interest rate cuts. Weak data from China continued ...

A 0.50 per cent growth was recorded by the Nigerian Exchange (NGX) Limited on Friday despite a report from the National Bureau of Statistics (NBS) that inflation in October 2024 increased by 33.88 per ...

The value of the Naira to the US Dollar depreciated by 0.12 per cent or N2.05 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, November 15. Data indicated that the exchange rate ...

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.26 per cent rise on Friday, November 15 buoyed by five stocks. The market capitalisation of the alternative stock exchange increased by ...

One of the top cement makers in Nigeria, Dangote Cement Plc, may again approach the capital market to source fresh funds, a notice from the company disclosed. In the disclosure filed to the Nigerian ...

Subscription for the N239.4 billion rights issue of United Bank for Africa (UBA) Plc is commencing today, Friday, November 15, 2024. The bank is offering to its shareholders one new share for five ...

The Federal Executive Council (FEC) has approved a proposed national budget of N47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Mr Atiku Bagudu, disclosed this on ...

It was a bad day for the Nigerian Exchange (NGX) Limited on Thursday as it depreciated by 0.25 per cent at the close of business due to profit-taking. The decline suffered by the bourse happened ...

Nigeria wants to corner 20 per cent of the $90 billion in financing available for deepwater projects around the world in an ambitious move to boost its oil and gas sector. This was disclosed by the ...

There are strong indications that Jendol Superstores, founded by Mr Mark Akhabue, may soon open an outlet in the Ifo area of Ogun State. Business Post gathered that barring all unforeseen ...

The National Bureau of Statistics (NBS) on Friday said inflation in Nigeria increased by 1.18 per cent in October 2024 to 33.88 per cent from 32.70 per cent in September 2024. The agency disclosed ...

Nigeria will be seeking to borrow $2.2 billion from external bodies, including a potential Eurobond and Sukuk bond offer, this year. The Minister of Finance and Coordinating Minister of the Economy, ...