The dollar rate in the investors’ and exporters’ window hit N810.78/$1 on Thursday, the highest rate for the day, and also fell to a low of...
The founder of Erisco Foods Limited, Eric Umeofia, has alleged that there are racketeers that determine who gets foreign exchange from the Central Bank of Nigeria...
The founder of Erisco Foods Limited, Eric Umeofia, said he would sue Chioma Egodi, the Facebook user that she critiqued his product, for N5 billion damages....
Brent crude oil price rallied to $97.5 on Thursday, as the crude storage hub in Cushing, Oklahoma, United States, fell by 943,000 barrels to 22 million...
The Federal Government said the special investigator, Jim Obazee, has conducted an audit report on the Central Bank of Nigeria (CBN) and it would be released...
Data from the official window and the black market has shown that the dollar rate gap between both forex channels has increased to N244.92 kobo. Ripples...
The president of the Trade Union Congress (TUC), Festus Osifo, said the Federal Government should reveal how it expended the N1 trillion saved after ending subsidy...
The International Monetary Fund (IMF) said the average debt ratio to gross domestic product (GDP) in sub-Saharan Africa has increased to 60 per cent as of...
The naira appreciated in the investors’ and exporters’ window of the official market on Tuesday after the dollar rate settled at N755.08/$1 by end of trading...
Nigerians have taken to social media to criticise Erisco Foods Limited and call for a boycott after reports emerged that the company arrested a customer for...
The total foreign exchange transactions in the investors’ and exporters’ window of the official market fell to $64.14 million on Monday, as the dollar rate increased....
Cement Producers Association of Nigeria has said the price of cement could rise from N5,000 to N9,000 due to the Federal Government’s decision to replace conventional...
Capital Hotels has opened an escrow account to pay off shareholders exiting the firm ahead of its delisting from the Nigerian capital market. The firm confirmed...
Investors in Oando, Caverton Helicopters, and other equities in the Nigerian capital market lost N241.8 billion at the close of trading on Monday. This followed the...
For this week’s stocks to watch, MTN Nigeria Airtel and Ellah Lakes should be on your list, as the Nigerian exchange return for another week of...
FMDQ Exchange reported that the authorised dealers in the official window increased the rate of the United States Dollar (USD) by N9.76 kobo to N747.76/$1 on...
Access Holdings has reported that its group gross earnings for the first half of 2023 rose by 58.89 per cent to N940.31 billion, compared to the...
The week ended with equity investors parting with N30.379 billion in 38,536 deals to trade 3.911 billion shares, stock data released by the Nigerian Exchange Limited...
The equity capitalization in the Nigerian capital market crashed by 1.38 percent at the close of trading on Friday. This represented a N518.08 billion dip in...
The National Bureau of Statistics (NBS) said on Friday the average price of petrol per litre rose by 230.78 percent in August. The agency disclosed this...
The Nigerian Civil Aviation Authority (NCAA) said it has identified and suspended violators of its fueling regulations after a public outcry trailed the contaminated fuel found...
The official market closed Thursday’s foreign exchange trading with N738/$1 rate, as the authorised dealers of the Central Bank of Nigeria (CBN) reduced their asking price...
Sell-offs gripped the Nigerian capital market on Thursday leading to losses in Oando, Tantalizer, and other entities at the close of the day’s trading. The sell-offs...
The Central Bank of Nigeria (CBN) has postponed the Monetary Policy Committee (MPC) meeting slated for next week, days after the apex bank’s leadership was changed....
The World Bank said Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022, as the continent recorded an estimated $52.9 billion. According to...
The value of the United States Dollar (USD) fell to a low of N475/$1 on Wednesday in the investors’ and exporters’ window of the official market,...
The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of microfinance bank (MFB) licence applications. The CBN’s Director of Corporate...
Foreign exchange authorised dealers in the investors’ and exporters’ (I&E) window slightly raised the rate of the dollar to N776.60/$1 on Tuesday, from N773.98/$1 rate reported...
The United States deputy treasury secretary, Adewale Adeyemo, has dismissed speculations that he is in Nigeria to counter the influence of China on the Nigerian government....
The equity capitalization in the Nigerian capital market rose by 0.71 percent on Tuesday. This represented a N263.8 billion increase in the value of investments at...
The chairman of Arik Air, Johnson Arumemi-Ikide, has been told to provide a suitable debt recovery plan before Assets Management Corporation of Nigeria (AMCON) returns the...
The Nigerian National Petroleum Company (NNPC) Limited says more management staff will be exiting the company on Monday, as the firm continues its leadership shakeup. According...
Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to N87.38 trillion...
The United States Dollar (USD) recovered on Monday to close high at N773.98/$1 in the investors’ and exporters’ window of the official market, against Friday’s N756.91/$1...
The total number of active subscribers for telephone services fell by 2.71 percent in the first half (H1) of 2023 following a decline in the subscriber...
The stocks to watch list this week consists of Fidelity Bank, Dangote Sugar and Associated Bus Company (ABC), after the capital market reacted negatively to their...
The dollar rate in the investors’ and exporters’ window of the official market closed down on Friday, as the value of the naira increased by 2.96...
The Nigerian National Petroleum Company Limited (NNPCL) has appointed new executive vice presidents for its upstream, downstream, gas and power operations. NNPC made changes to its...
The Nigerian National Petroleum Company Limited (NNPCL) has signed a $7 billion gas supply deal with Indorama Eleme Petrochemicals Limited. NNPCL disclosed this in a statement...
The Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), Mojisola Adeyeye, said GlaxoSmithKline (GSK) Consumer Nigeria’s impending exit is not to blame for...
The Nigerian capital market closed trading on Friday with a N33.07 billion gain. This followed the growth in equity capitalization by 0.08 percent from N36.88 trillion...
Food and non-alcoholic Beverages and housing were major drivers of the inflation rate in August 2023, as inflation soared to 25.80 per cent. The National Bureau...
The Debt Management Office (DMO) has revealed that Nigeria’s total public debt rose by 75.29 per cent to N87.38 trillion in the second quarter of 2023....
Scammers are using Seplat brand to swindle unsuspecting Nigerians, luring them with Purchase Orders (PO) or Request for Quotations (RFQ)/Invitation to Tenders (|TTs). Seplat in a...
The closing rate of the United States Dollar was N780/$1 on Thursday, as the naira depreciated in value by 2.88 per cent in the Investors’ and...
The Central Bank of Nigeria (CBN) and the Bank of England have taken a position on the acquisition of Union Bank UK Plc (UBUK) by Fidelity...
The value of investments in the Nigerian stock market appreciated by N339 billion at the close of trading on Wednesday. This represented a 0.93 growth in...
Members of the Association of Bureaux De Change Operators of Nigeria (ABCON) are considering a merger as they struggle with foreign exchange volatility and scarcity. ABCON...
MTN Nigeria has acquired spectrum band from OpenSkys Services Limited, the company disclosed in a statement filed with the Nigerian Exchange Limited (NGX) on Tuesday. The...
The Chairman of Geregu Power, Femi Otedola, said the resumption of diplomatic relationship between Nigeria and the United Arab Emirates (UAE) has more impact than just...
