Business

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

Fidelity Bank grows profit to N99.5bn in FY 2023

Fidelity Bank Plc. has released its 2023 full year Audited Financial Statements, reporting a profit after tax of N99.5 billion representing a 112.9% a

FG now pays about N600bn monthly for fuel subsidy — Rainoil CEO

The CEO of Rainoil Limited, Gabriel Ogbechie, has claimed that the federal government resumed the payment of the controversial fuel subsidy following

Equities market posts biggest loss in April as investors lose N1.1trn

The Nigerian Exchange (NGX) market capitalisation recorded the biggest loss in the month of April with investors losing N1.1trn. For eight consecutive

Tinubu inaugurates Single Window Project, targets N2.7tr revenue

President Bola Tinubu Tuesday inaugurated the steering committee for the Single Window Project, saying the initiative is expected to yield an annual e

Dangote crashes diesel price to N1,000

Dangote Petroleum Refinery has announced a further reduction in the price of diesel. A few weeks ago, when it commenced operation, Dangote Petroleum R