Category: Business

How DMO sold N406bn treasury bills in July – Report

The Debt Management Office sold off treasury bills worth N406.10 billion in July 2023. The...

Flour Mills Nigeria records ₦39.78bn profit despite forex, interest expenses

Flour Mills Nigeria has released 2023 full-year results, with pre-tax profit increasing 1.45% year on year...

NAHCO Director acquires additional shares worth N9.8m

Non-Executive Director of Nigerian Aviation Handling Company Plc, Tajudeen Shobayo, has purchased 540,730 shares for N9.8...

102.39m Nigerians now have NIN – NIMC

The National Identity Management Commission has announced that the National Identification Number has been issued to...

Naira drops despite weak dollar, trades at N925/$ on black market

The Naira declined considerably versus the US dollar on the official market on Tuesday, according...

Product taxes hit N1.36trn in six months – NBS

The country’s product taxes increased to N1.36 trillion in the first half of 2023 despite...

NGX ASI hits 15-year high of 66,490

The Nigerian Exchange Limited’s All-Share Index surged to 66,490.34 basis points at the close of...

Local transactions hit N1.968tn, beats 2022 result – Report

The value of domestic transactions on the Nigerian Exchange Limited has reached N1968.4 billion year...

Flour Mills annual profit hits N29.504bn

Flour Mills of Nigeria Plc, a food and agro-allied company, increased its profit by 5.32...

China, India, Mexico, others plan new investments in Nigeria

Chinese, Indian, Mexican, and Indonesian ambassadors have stated that their governments will continue to invest...

Manufacturing sector’s GDP contribution falls to N1.49trn

In the second quarter ended June 2023, the manufacturing sector contributed N1.5 trillion to Nigeria’s...

Why Lagos is fifth best global city to live in – Report

A survey by Brand Finance City Index 2023 has revealed that Lagos has emerged as the fifth...