Business

All the recent business news in Nigeria, economy and industry updates.

FMDQ Group appoints CBN deputy gov, Abdullahi, as board chairman

FMDQ Group has appointed the Deputy Governor, Economic Policy of the Central Bank of Nigeria (CBN), Muhammad Sani Abdullahi,  as the new group chairma

DisCos net N95.3bn revenue from electricity consumers in February — NERC

The Nigerian Electricity Distribution Commission (NERC) has said the 11 electricity distribution companies realised N95.26bn as revenue in February of

Forex deals: CBN stops 4 fintechs from onboarding new customers

The Central Bank of Nigeria (CBN) has issued a directive to four fintech companies, instructing them to halt the onboarding of new customers pending f

DMO sells treasury bills worth N2.6trn in March — Report

The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N2.669 trillion across its auctions in March 2024. This was contained in the

530 firms bid for NRC’s N11bn projects

Over 530 companies have bid for various projects of the Nigerian Railway Corporation (NRC) for the 2024 fiscal year. Daily Trust reports that NRC has