Business

The rhythm of Nigeria's business world
Nigeria's inflation rate hit 33.95% in May 2024, the highest since 2005, piling pressure on households amid economic struggles. Food costs drove...
Nigerian naira depreciates in both parallel and official foreign exchange markets, impacting rates quoted by Bureau de change operators and FMDQ...
Multichoice Group had N31.6 billion with defunct Heritage Bank, exceeding the insured limit. Group to engage liquidator for reasonable outcome...
Nigeria to integrate credit scores with NIN to enhance financial inclusion. Move aims to document credit behavior, unlock lending for 80 million...
The Nigerian Naira faces depreciation as it weakens to N1,500 per dollar in parallel markets, contrasting with NAFEM's N1,476.24 rate. Dollar...
The World Bank has approved a $2.25 billion loan for Nigeria to stabilize its economy and support President Tinubu's macro-fiscal reforms...
Prospa, a Y Combinator-backed business banking startup, faces customer outrage due to repeated delays in processing withdrawals since May 2024...
Aliko Dangote, Chairman of the Dangote Group, announced that his $20 billion Lagos-based refinery, which processes 650,000 barrels per day, will...
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