Business

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

Analysts weigh in on $51bn reserve, 12.94% inflation projections

Economic analysts and policy experts have offered cautious optimism over the Central Bank of Nigeria’s (CBN) projection that the country’s external re

Banks’ credit to private sector drops by N1.3trn in one year

Credit extended to Nigeria’s private sector by deposit money banks declined by N1.3 trillion over the past year, reflecting the combined impact of agg

NGX market cap exceeds N100trn

The Nigerian Exchange (NGX’s) market capitalisation yesterday hit N100 trillion milestone. According to data obtained from the NGX, the market capital

PMS production ongoing, 50m litres supplied daily – Dangote Refinery

Dangote Petroleum Refinery has dismissed reports suggesting it is shutting down for maintenance, describing the claims as false, misleading and delibe

LOTUS Bank appoints Ajani-Lawal as MD/CEO as Araoye Retires

The Board of LOTUS Bank has announced a leadership transition with the appointment of Dr. Isiaka Ajani-Lawal as the bank’s new Managing Director/Chief