Business

The Organisation of Petroleum Exporting Countries (OPEC) oil output rose last month as Saudi Arabia pumped at a near-record rate. This is a sign the world’s top exporter is heeding …

Lord Mayor of London Charles Bowman speaks during an interview with Reuters at the British High commissioner’s residence in Ikoyi district in Nigeria’s commercial capital Lagos June 28, 2018. REUTERS/Akintunde …

The World Bank said on Thursday it had approved a total of $2.1 billion in concessionary loans to fund projects in Nigeria aimed at improving access to electricity and promoting …

Volkswagen said in January that it initially plans to build up to 5,000 cars per year at its new Rwanda plant (Pic credit Volkswagen) Rwanda’s first domestically built car rolled …

Banks are examining their earnings through their Revenue Quality Assurance Departments, it was learnt at the weekend. The departments are helping them to determine if such revenue was genuinely earned …

Dangote Sugar Refinery (DSR) Plc, a subsidiary of Dangote Industries Limited, has so far invested N121 billion on its ambitious Sugar for Nigeria Backward Integration Project Plan, which is aimed …

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that backed by Saudi Arabia and Russia when OPEC and its allies meet in …

The naira will remain stable at both the official and parallel markets, with the rise in foreign reserves to $48 billion and the consistent dollar interventions by the Central Bank …

The Minister of Agriculture Audu Ogbeh yesterday said Nigeria’s agricultural export earnings have increased by 180 per cent, hitting over N5 billion in the last one year. He spoke in …

Importers will pay less if they get Renminbi invoices from Chinese exporters, the Central Bank of Nigeria (CBN)-led Bankers’ Committee said yesterday. Rising from its meeting in Lagos, the committee, …