The Bitcoin market stumbled on Friday, sending shock waves among many investors who lost their investment to the crypto community’s negative reaction to government’s policies across...
Nigerian businessman, Tunde Ayeni, has lost another company, Integrated Energy Distribution and Marketing Ltd (IEDM) to the Nigerian government on Friday, six years after losing defunct...
Sterling Bank shareholders lost a significant part of their investment in the lender last year, resulting from the creditor’s struggle to attract bullish (optimistic) investors to...
Skyrocketing oil price has thrown President Muhammadu Buhari’s administration a lifeline amid his government’s revenue problem, which has caused debt servicing to gulp 98% of 2021...
Importation of petroleum products into Africa will cut by 36%, the Secretary-General of the African Petroleum Producers Organisation (APPO), Omar Ibrahim, has disclosed, citing Dangote Refinery...
Capital Market Operators (CMOs) in Nigeria have been directed not to conduct any form of business with individuals or group linked to terrorist groups. The CMOs...
The Nigerian capital market continued its recovery on Wednesday following the rise in equity capitalization by 1.73 percent at the close of the day’s business. The...
The recovery of the bitcoin has been slow as the most popular cryptocurrency now sits 38.79 percent behind the All-Time High, which was recorded in the...
The former managing director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has denied claims that she didn’t remit funds into the federal government‘s accounts during...
The Lagos State Internal Revenue Service (LIRS) on Tuesday threatened to penalise businesses that failed to file their 2021 tax returns by the end of the...
An attempt by Petro Union Oil and Gas Company Limited to stop the acquisition of Union Bank by Titan Trust Bank Limited has been struck out...
For eight consecutive months, inflation rate was on a decline in 2021, but that dip ended in December, as the Consumer Price Index (CPI) rose to...
New cryptocurrency report for the period of 2021 has shown that the digital currency market is volatile to threat from North Korea after a series of...
United Arab Emirates (UAE) flag carrier, Emirates Airline, has snubbed Nigeria as the aviation company lifted its flight restriction in five other African countries almost three...
The Lagos State government on Sunday announced the closure of the Marine Bridge and Dopemu Road in the Agege area of the state for three months...
Investment in Guaranty Trust Holding Company (GTCO) has been on a decline in 2022, as the bears controlled trading on the floor of the creditor ahead...
Afrobeat singer, David Adeleke aka Davido, ended 2021 as the highest- earning Nigerian celebrity on Instagram. However, his rival, Ayodeji Balogun aka “Wizkid” Balogun, was rated...
The top five richest people in the world lost N12.13 trillion ($29.3 billion) in one day, with Tesla founder, Elon Musk, leading the billionaire pack as...
Twitter founder, Jack Dorsey, is set to go into the business of mining bitcoin through its payment startup, Block, as the firm plans to make mining...
The chief executive officer of Financial Derivatives Company, Bismarck Rewane, on Thursday predicted that Nigeria’s external reserves would drop to $39 billion before the end of...
Investors at the Nigerian capital market lost N2.20 billion as the bourse slipped back to the bearish territory after eight hours of trading on Thursday. This...
Stanbic IBTC Holdings is set to enter the tech market in Nigeria as the creditor is establishing a Financial Technology subsidiary, and in the process of...
Investors at the Nigerian capital market pocketed N403.8billion following the rise in equity capitalization by 1.70 at the close of business on Wednesday. Consequently, the equity...
DoubleLine Capital chief executive officer and American billionaire, Jeffrey Gundlach, has warned investors against investing in bitcoin at the current state of the cryptocurrency. Gundlach’s words...
Investors at the Nigerian stock market lost N20.3billion following the crash in equity capitalization by 0.08 percent on Tuesday. Consequently, the equity capitalization dropped from N23.65...
Super Eagles players representing Nigeria at the ongoing African Nations Cup (AFCON) in Cameroon will receive payments in cryptocurrency throughout their stay in the tournament. The...
The founder of BUA Foods, Abdulsamad Rabiu, lost 0.66 percent of his wealth on Monday despite the rise in the value of his staple food company....
Investors at the Nigerian stock market went home with N23 billion on Monday as the bourse extended its bullish run to another week. This followed the...
The founder of cryptocurrency exchange, Binance, Changpeng Zhao, has moved up the world’s rich list to 11th position following the increase in his networth. The 44-year-old’s...
Cryptocurrency-related crime hit an all-time high in 2021 as the decentralised finance (DeFi) community recorded more phishing campaigns and other schemes linked to the digital assets....
The Nigerian stock market traded 2.027 billion shares worth N59.014 billion in 15,750 deals in four days this week. Despite trading one day less than the...
Former Nigerian rapper, Mo’Cheddah has written about her postnatal depression on her Instagram stories. Taking to her social media page during the early hours of Saturday,...
Shareholders at the Nigerian capital market smiled home with N130.7 billion following the rise in total investment by 0.55 percent on Friday. The development lifted the...
Bitcoin tumbled in reaction to reports that the United States is planning to reduce its balance sheet by selling off bonds. This move saw a record...
With the end of 2021, it’s time to go on a trip down memory lane of events that shaped the year in the business world. This...
Eterna Plc has reshuffled its company board following the majority acquisition of the oil and gas firm by Preline Limited, which now controls 60.9 percent of...
Investors at the Nigerian capital market gained N70.6 billion on Thursday following the rise in the equity capitalization by 0.30 percent at the close of the...
In the last three years, the Federal Government has been clamouring for the return of excise duty, a policy abolished in 1993, on soft drinks –...
Nigerian capital market investors pocketed N240 billion at the close of business on Wednesday. This followed the rise in the equity capitalization from N23.18 trillion to...
Within twelve months of 2021, the total value of the cryptocurrency market jumped 64.57 percent, as trade among investors deepened despite government sanctions in Nigeria and...
Over $4.9 billion was attracted by Africa as investment deals, and Nigeria accounted for the lion share compared to funds received by other countries on the...
Investors at the Nigerian capital market gained N1.35 trillion during the resumption of trading activities at the bourse on Tuesday. This followed the rise in equity...
Former World Bank consultant and economist, Doyin Salami, has been appointed as Chief Economic Adviser to the President (CEAP), Muhammadu Buhari. Salami, who currently heads the...
The Nigeria Customs Service (NCS) Lagos University Teaching Hospital (LUTH) Nigeria Ports Authority (NPA), Nigerian Immigration Service (NIS) and eleven other MDAs failed to remit N127.13...
Nigerian households, Small and Medium-sized Enterprises (SMEs) will have increased access to financial support from the Central Bank of Nigeria (CBN) in 2022, governor, Godwin Emefiele,...
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in FinAfrica Investment Limited and Poyoyo Investment Nigeria Limited (PILVEST). SEC in a statement issued...
Cardano, a proof-of-stake blockchain platform, has revealed plans to double down on African market, making loans available to Africans through decentralised finance (Defi). According to the...
Ethereum fell 16.95 percent below it’s All-Time High (ATH) early Tuesday, as the cryptocurrency continued to struggle to top its last milestone amid low confidence among...
The Shippers Association of Lagos (SAL) said on Monday the cost of doing business has increased by 1,900 percent over time as traders groan under process...
Christmas period wasn’t all fun for shareholders of First Bank Nigeria Holdings (FBN Holdings) after their investment in the lender dwindled 5.73 percent within five days...
