Category: Business

Nigeria needs to balance foreign investment with local growth – KPMG

A professional services firm, KPMG, has stated that Nigeria must strike a balance between attracting foreign capital and supporting...

Chinese, Nigerian energy firms sign $1bn gas flaring deal

A Nigerian energy corporation, NIGUS International, has entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong...

Jigawa targets two million tonnes wheat production 2024

Jigawa State Governor, Umar Namadi has announced that his state planned to produce two million tonnes of...

Worst performing African currencies against US dollar in 2023 – Report

African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported...

NGX, PenCom collaborate to boost pension funds in equity market

The Nigerian Exchange Limited has announced that its collaboration with the National Pension Commission will...

NGX shareholders gain over N2trn in five days

Alex Omenye In five trading days, from December 27, 2023, to January 3, 2024, the...

S’African billionaire dethrones Dangote as Africa’s richest man

Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote...

AG Mortgage completes first tranche of N2bn fundraising

A major primary mortgage institution licensed by the Central Bank of Nigeria, AG Mortgage Bank PLC, has...

Passengers lament high transport costs despite FG’s 50% cut

Despite the Federal Government’s 50% fare discount, travelers have expressed disappointment that the promised respite...

PMI rises to 52.7 in December – Report

The most recent Stanbic IBTC PMI survey has revealed that the business environment in Nigeria improved in...

Manufacturers urge FG to clear $7bn debt

The Manufacturers Association of Nigeria has requested the Federal Government to resolve the present $7 billion...

NAFDAC cuts licensing fees by 65%

The National Agency for Food and Drug Administration and Control reported that the processing fee...