Business & Economy

Aero Contractors Airlines said it would suspend its scheduled services from today. In a statement, the carrier said the development was part of its strategic business realignment to reposition the …

The Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof Umar GarbaDanbatta, has agreed to release the commission’s data from the ongoing Subscriber Identity Module (SIM) cards registration exercise to the …

The naira on Wednesday appreciated against the dollar at the interbank, the News Agency of Nigeria (NAN) reports. The local currency closed at N316.24 to the dollar at the segment …

The Central Bank of Nigeria (CBN) has re-instated all the banks that were banned from the foreign exchange market, the Director, Banking Supervision, Mrs Tokunbo Martins, has said. She said …

Nigeria, Africa’s biggest economy, officially slid into recession for the first time in more than 20 years as the Nigerian Bureau of Statistics (NBS) on Wednesday announced a further contraction …

Cyprus and Egypt signed an agreement Wednesday that paves the way for the supply of gas to the Arab nation via an undersea pipeline that officials hope will create a …

The Transmission Company of Nigeria (TCN) yesterday sent out 3,061megawatts (Mw) of electricity generated by the electricity generation companies to the 11 distribution companies (DisCos). The Nigerian Electricity System Operator …

The price of cement yesterday rose to between N1,200 and N1,300 in Lagos and other parts of the country. Before the hike, a bag of cement costs about N1, 600 …

The  Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, Mr Pablo Segrelles, yesterday said his country imported products valued at N1.38trillion(4 billion Euros) from Nigeria last yaer. …

The Central Bank of Nigeria (CBN) yesterday licensed 11 new International Money Transfer Operators (IMTOs). The new entrants are joining Western Union, MoneyGram and Ria, which had been cleared by …