The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said Nigerians are behind the vandalism of oil pipeline in...
The Nigerian stock market failed to recover from the previous day’s loss with equity capitalization crashing to N26.77 trillion on Tuesday. The figure was -0.06 percent...
One of the major airlines of the United States, Delta Air Lines, has disclosed that the company will be suspending one of its major direct flights...
Nigeria’s Gross Domestic Product (GDP) rose to 3.54% year-on-year in the second quarter of 2022, falling 1.47% below the 5.01% the economy grew in Q2 2021,...
The Federal Government will once again depend heavily on domestic and foreign creditors in 2023, as the Minister of finance, budget and national planning, Zainab Ahmed,...
The Nigerian capital market closed business on Monday with the equity capitalization standing at N26.794 trillion. The figure was -0.01 percent or N2 billion lower than...
The Director, Trade and Exchange department of the Central Bank of Nigeria (CBN) Ozoemena Nnaji, said the ‘Naira 4 Dollar Scheme’ created by the financial regulator...
Access Corporation has revealed that the company received regulatory approval for the acquisition of First Guarantee Pension Limited (FGPL), but didn’t disclose which of the regulators...
Investors traded 914.443 million shares worth N15.263 in 18,021 deals this week. This surpassed the 823.005 million shares valued at N12.228 billion which exchanged hands in...
A United States court has granted Elon Musk’s request for Twitter to turnover some of its user data to enable his counsel defend his reasons for...
The Debt Management Office (DMO) Director-General, Patience Oniha, has said the Federal Government can increase its low revenue and reduce debt by addressing petrol subsidy and...
Nestle Nigeria got new funding from Switzerland multinational food and drink processing conglomerate, Nestle S.A, in exchange for shares, as the foreign company moves to increase...
MTN Nigeria has commenced a test run of the 5G network in six states and the Federal Capital Territory (FCT). This followed the failure of Mafab...
The Nigerian capital market ended its two straight losses following the rise in equity capitalization by 0.24 percent on Wednesday. This lifted the equity capitalisation by...
Officials of the Federal High Court, Abuja, execution unit and police officers on Tuesday stormed the Abuja residence of the All Progressives Congress (APC) chieftain, Andy...
The Minister of Culture and Information, Lai Mohammed, said the Nigerian government is finding a solution to assist foreign airlines repatriate their funds within the Nigerian...
The Chief Executive Officer of Tesla, Elon Musk, has requested the release of documents containing information on Twitter’s user metric presently in possession of its co-founder,...
The Nigerian capital market ended trading with a whooping N426.06 billion loss on Tuesday. This followed the crash in equity capitalization by -1.60 percent from N26.61...
As Nigeria’s 2023 general election draws closer, and foreign exchange scarcity lingers, foreign investors are cutting down their investment into the Nigerian stock market, and this...
Mafab Communications Limited will miss the deadline to rollout 5G network, after securing license alongside MTN Nigeria nine months ago, defeating Airtel Africa in a bidding...
Over 823.005 million shares were traded in 17,482 deals worth N12.228 billion this week, against the 1.511 billion shares that exchanged hands last week in 20,074...
Investors in the Nigerian capital market lost N94.8 billion at the close of trading on Friday. This followed the crash in equity capitalization by -0.35 percent...
Internet service providers, payment system operators and telecommunications companies have been directed not to provide their services to Sokoloan, and other loan apps under investigation. In...
Niger Republic has denied the claim of Nigeria’s Finance Minister, Zainab Ahmed, that the Federal Government donated 10 vehicles worth N1.14 billion to the country. Investigative...
Investors in the Nigerian capital market lost N78.09 billion following the dip in equity capitalization by -0.29 percent on Thursday. After eight hours of trading on...
The owners of Manchester United, Glazer family, are set to sell part of their stake to reduce their control over the English Premier League club after...
To reduce its losses from Nigeria, Emirates Airlines on Thursday announced that it was suspending all its flights in and out of the country. The suspension...
Nigeria’s House of Representatives is probing the Federal Ministry of Agriculture and Rural Development for spending N18.6 billion to clear bushes and prepare land across several...
Nigeria’s power grid collapsed on Wednesday following the indefinite strike by members of the National Union of Electricity Employees (NUEE). Ripples Nigeria had reported earlier today...
The equity capitalization in the Nigerian capital market dropped to N26.80 billion at the close of trading on Wednesday. The figure was -0.03 percent or N9.86...
The shares of Premier League football club, Manchester United, rose by 5.26% at pre-market after world’s richest man, Elon Musk, disclosed that he plans to acquire...
The Nigerian capital market rebounded from the last three consecutive losses with the equity capitalization closing at N26.81 trillion on Tuesday. The figure was N43.15 billion...
President Muhammed Buhari will present the 2023 budget to the joint session of the National Assembly in September. The Director General of Budget Office of the...
Interest rate on savings account have been increased by the Central Bank of Nigeria (CBN), as the financial regulator move to reduce money supply in the...
Alcoholic and non-alcoholic producers in the Nigerian market cashed in on heavy drinkers in the first six months of 2022, as their turnover for the period...
Nigeria’s external reserves fell to $38.882 billion, as the Central Bank of Nigeria (CBN) pumps foreign exchange into the forex market to defend the naira, as...
The Nigerian stock market resumed trading this week, the market capitalisation dropping by -0.06 percent on Monday. This brought down the equity capitalization by N18.6 billion...
Documents containing evidence of N17.158 billion expenditure of the Nigeria Social Insurance Trust Fund (NSITF) has reportedly been eaten by termites and destroyed by rain. The...
Investors parted with N13.547 billion for 1.511 billion shares in 20,074 deals last week. This surpassed the N12.850 billion which investors splashed on 705.636 million shares...
The China Civil Engineering Construction Corporation (CCECC) has been given an ultimatum to meet its capital obligation to the railway construction of the Kano-Kaduna and the...
The Federal Government on Friday asked the civic-tech organisation, BudgIT, to apologise to the Edo State government for listing the state as one of the 12...
Tesla, the company owned by the world’s richest man, Elon Musk, showed interest in signing a trade partnership with Nigeria, to import raw materials for production...
Honeywell Flour Mills has disclosed that Flour Mills of Nigeria will acquire more stake in the company through mandatory takeover, four months after FMN purchased 76.75%...
Seplat Energy has informed its investors that the company is holding discussion with the authorities to avert the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from...
Twitter has been accused by Elon Musk of hiding key witnesses needed by the defense ahead of the trial set for October, as both parties have...
The Nigerian capital market was lifted by the 1.46 percent rise in equity capitalization at the close of trading on Wednesday. After eight hours of trading...
The Nigeria Deposit Insurance Corporation (NDIC) has stated that Polaris Bank remains unsold, days after a report that Auwal Lawan Abdullahi, an investor in farm business,...
Aliko Dangote, the founder of Dangote Cement, lost -9.05% of his investment in the construction provider on Tuesday, after investors dumped the firm’s shares following a...
President Muhammadu Buhari has disclosed that his administration disbursed N100 billion to indigenous pharmaceutical manufacturers, with healthcare investors also benefiting from the fund. Buhari had financed...
The Nigerian capital market recorded a loss of N620 billion following the dip in equity capitalization by -2.25 percent on Tuesday. At a time, sell-off among...