Naira extends gain amid 61% decline in dollar liquidity
The naira strengthened further against the dollar this week, even as liquidity in the official foreign-exchange market plunged by 61.06
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Fidelity Bank gets nod for second phase of capital raise after securing N272bn
Fidelity Bank has received the green light from its shareholders to commence the second phase of capital raising initiatives after
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Investment firm VFD Group sells subsidiary Atiat for N7bn
VFD Group Plc, a proprietary investment company, has announced the full divestment of its 343,546,646 ordinary shares in Atiat Limited,
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Thomas Wyatt Nigeria diversifies into toilet paper production
Thomas Wyatt Nigeria, a paper conversion and printing company, says it has introduced a new line of business toilet paper
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Nigerian data agency NBS keeps mum one week after missing GDP rebasing target
By Mary Adenike The National Bureau of Statistics (NBS) has yet to release the country’s rebased figures for Gross Domestic
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Why BUA Foods’ revenue hit trillion-naira mark amid soaring inflation
By Mary Adenike BUA Foods, a major food manufacturer in Nigeria, saw its revenue for last year double, hitting the
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Tinubu jacks up budget 39 days after submission to lawmakers
By Mary Adenike President Bola Tinubu has increased the size of the proposed 2025 budget to N54.2 trillion ($36.4 billion)
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UAC picks Biobaku to replace Agbor as chairman
The Board of Directors of UAC of Nigeria Plc has announced the appointment of Khalifa Adebayo Biobaku as chairman of
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WAPCo cuts Nigerian gas supply to Ghana, Togo, Benin as pipeline maintenance begins
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP), has said
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Nigeria’s forex reserves tumble to three-month low of $39.59bn
Nigeria’s foreign exchange reserves have fallen below the $40 billion mark to the lowest point in more than three months. The reserves
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