The Central Bank of Nigeria (CBN) has restricted more customer funds from Wema Bank, as deposits to the lender increased by 15.1 percent in twelve months...
Over 280 cryptocurrency accounts held by Nigerians on Binance, the world largest cryptocurrency platform, have been restricted, as part of International law enforcement crackdown on fraudulent...
MTN Nigeria will be losing over 70% of its profit after tax (PAT) to investors holding the company’s stock, as they are set to cash out...
The co-founder of Flutterwave, Iyinoluwa Aboyeji, said tech startups in Nigeria and Africa should consider inorganic growth method, such as merger and acquisition, to scale in...
The Nigerian stock exchange recovered slightly on Friday by 0.42 percent to close the bourse with N105.51 billion gain after Thursday’s loss. It had ended trading...
Airtel Africa is now the most capitalised company in the Nigerian stock market, overtaking Dangote Cement, after its share jumped 9.9 percent to hit its highest...
World richest person, Elon Musk, lost the total wealth of Aliko Dangote and more on Thursday, as his fortune dwindled by 10.7 percent after trading hours...
Central Bank of Nigeria (CBN) has been directed by the House of Representatives to suspend its fiscal policy, and electronic invoice (e-invoice) for all import and...
Sell off trailed Wednesday’s high, resulting to stockholders losing N280.61 billion from their total investment value, which fell from N25.07 trillion. The loss represents 1.11 percent...
First City Monument Bank (FCMB) has released its financial statements for the period ended December 31, 2021, with the commercial lender reporting 4.5 percent growth in...
The Nigerian National Petroleum Corporation (NNPC) plans to pay N270 billion per month to subsidize fuel consumption by Nigerians in 2022, raising its total subsidy payment...
The capital market shook off the bears on Wednesday, appreciating by 1.31 percent to raise the equity capitalisation to N25.07 trillion. It led to Nigerian bourse...
Binance, the world’s largest cryptocurrency exchange, has been accused of blocking crypto accounts of Nigerians on its digital currency platform, and seizing their money. Nigerians took...
National Information Technology Development Agency (NITDA) and the Federal Competition and Consumer Protection Commission (FCCPC) have collaborated to prosecute money lending app, Sokoloan. Sokoloan had been...
It’s been about three months since the Central Bank of Nigeria (CBN) launched Africa’s first government-backed digital currency, but the Godwin Emefiele-led team are still struggling...
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said the plan of the United States to raise yields rate won’t affect the Nigerian...
The revenue generation companies producing alcoholic drinks like Chelsea, Orijin among others will drop in the next two years, as President Muhammadu Buhari’s administration seeks to...
In a space of one week, shareholders of Microsoft, Amazon, Apple and Netflix lost about N249.3 billion ($600 million) after investors lost confidence in holding the...
In twelve months, Point of Sales (POS) operators transacted N6.43 trillion through their terminals, as insecurity, unemployment, and other factors compel adoption of the payment channel...
Begin your trading this week by looking out for Union Bank, MTN Nigeria, Japaul Gold and Eterna at the Nigerian capital market – if you wondering...
At the end of trading this week, the Nigerian Exchange Group reported that 1.858 billion shares exchanged hands in 20,861 deals, valued at N47.486 billion. Trading...
The President of El Salvador, Nayib Bukele, has announced that his government has bought the dip to increase its total holdings of bitcoin, which is an...
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...