Business

Nigerian Equities At 20-Year Low, Naira Undervalued By 30%, Says Renaissance Capital Report

A Renaissance Capital report suggests 2024 has a positive outlook for Nigeria with strengthening currency and rise in oil prices.

6 months ago

Naira Gains Ground Against Dollar on Tuesday, Hits N1278.58/$1 At Official Window, N1250/$1 On Parallel Market

Tuesday’s trading saw the naira’s highest spot rate at N1,312 and lowest spot rate recorded at N1,250.

6 months ago

Forbes 2024: Dangote, Adenuga, Rabiu, Otedola Represent Nigeria on Billionaires List

Dangote remains Africa's richest man, while Adenuga, Rabiu, and Otedola also feature prominently In Forbes Billionaires List 2024.

6 months ago

Dangote Refinery Begins Supply of Petroleum Products To Nigerian Market  

"Products are being evacuated by sea and road," a Dangote Refinery executive says as it's petroleum products hit Nigerian market.

6 months ago

Hospitality Giant Transcorp Hotels Reports Remarkable 36% Revenue Growth in 2023

Transcorp Hotels' audited results reveal profit for the year at N6.1bn in December 2023, up from N2.6bn in December 2022.

6 months ago

Ivory Coast Raises Official Cocoa Farmgate Price By 50%

World's largest cocoa exporter, Ivory Coast, raises cocoa farmgate price from 1,000 CFA francs to 1,500 CFA francs.

6 months ago

Nigerian Manufacturers Call for Fair Regulatory Framework to Protect Against Social Media Trial

Nigerian manufacturers have bemoaned the negative impact of unverified social media statements about their businesses, and are seeking protection.

6 months ago

Zenith Bank Emerges Nigeria’s Best Bank for Fourth Year at Global Finance Awards 2024

Zenith Bank's consistent excellence has again earned recognition as Best Bank in Nigeria and Retail Bank of the Year.

6 months ago

Geregu Power Aligns with New Standards Following $550m Investment To Date in Nigeria’s Power Sector

Shareholders have approved N20 billion dividend payout, reflecting Geregu Power's strong financial performance and commitment to value creation.

6 months ago

Onyema: Air Peace Not Interested In National Carrier Status, Rather Nigerian Airlines Need Government Support

"So you're contending, not with external conspiracies but with internal conspiracies within Nigeria," says Air Peace CEO Allen Onyema.

6 months ago