The stock market closed this week with equity traders exchanging N33.899 billion for 1.963 billion shares in 30,827 deals. According to the weekly report, this is...
The Airline Operators of Nigeria (AON) has disclosed that Nigeria risks being banned from the airspace of the United States and European countries due to the...
The spokesperson of the Airline Operators of Nigeria (AON) the umbrella body of local airlines in the country, Obiora Okonkwo, has rubbished the water salute of...
The Nigerian Senate has increased the Central Bank of Nigeria (CBN) ways and means advances to the Federal Government from five per cent to 15 per...
President Muhammadu Buhari has defended the rise in Nigeria’s debt profile under his administration, as he’s set to handover power to President-elect, Bola Tinubu, on Monday,...
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has stated that manufacturers and Nigerians will bear the brunt of the 18.5 per cent...
Airline Operators of Nigeria (AON), an umbrella body of domestic airline operators in the country, have stated that the continuous insistence by the Minister of Aviation,...
A parliament member in Scotland, Carol Monaghan MP, has criticised the United Kingdom Home Office for trying to restrict Nigerians and other international students from bringing...
The Home Secretary of the United Kingdom has defended the international student package measures that seek to block Nigerians and other foreign students from bringing their...
After trading session on Wednesday, exchange rate for the Dollar rose to N756.8 kobo/$1 at the parallel market which is against the N752.8 kobo/$1 reported on...
Investors in Tripple Gee and Nestle were among the gainers as the equity capitalization in the Nigerian capital market rose to N28.81 trillion at the close...
Oil and gas companies, Seplat Energy and ExxonMobil, have extended the Share Sale and Purchase Agreement (SSPA) for the acquisition of Mobil Producing Nigeria Unlimited (MPNU)....
The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first quarter (Q1)...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has approved the cancellation of licences issued to 132 microfinance banks operating in Nigeria. Emefele...
The Naira exchanged for the Dollar at N752.8 kobo/$1 on Tuesday in the Bureau De Change window of the black market. Data provided by Naira Rates,...
The Nigerian capital market ended trading with N28.65 trillion in equity capitalization on Tuesday. The figure was N130 billion or 0.48 percent increase over the N28.52...
The Home Office of the United Kingdom said the country will stop Nigerians and other foreign students from bringing their families to the UK, starting in...
President Muhammadu Buhari said by closing the land border, he gave Nigerians the option of either eating what the country grows or die. Buhari said the...
The acquisition of minority shares by Ocean and Oil Development Partners (OODP) and Oando Plc has been delayed by the Federal High Court, Ikoyi, sitting in...
On Monday, traders at the the official foreign exchange (Forex) market bought the United States Dollar (USD) at the cost of N463.5 kobo/$1. The price of...
Nigerian stock exchange appreciated in value by 0.34 per cent on Monday, as the market capitalisation of the bourse increased from N28.42 trillion to N28.52 trillion....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday, pegged the cost for the construction of the Dangote Petroleum Refinery at $18.5...
The founder of Dangote Petroleum Refinery and Petrochemicals, Aliko Dangote, has revealed that the first production output from the facility will be in the third quarter...
With activities back in the Nigerian stock market this week, do well to have First City Monument Bank (FCMB), Airtel Africa and Ardova on your stock-to-watch...
Investors in the Nigerian stock market traded 3.029 billion shares valued at N33.62 billion in 29,505 deals last week. This fell short of the 3.602 billion...
The equity capitalization in the Nigerian capital market rose by 0.15 percent on Friday. This represented a N50 billion growth in the market capitalization from N28.37...
The International Monetary Fund (IMF) has stated that the adoption of Nigeria’s digital currency, eNaira, by Nigerians has been disappointingly low. In a report dated May...
In the first quarter of 2023, 34 defaulting employers were fined N191.22 million by the National Pension Commission (PenCom) for not remitting N193.06 million in pension...
On May 12, 2023, Anthony Olasele was five hours away from Nigeria, earning a living and minding his business in faraway Spain when he learnt that...
The equity capitalization in the Nigerian capital market crashed by 0.89 percent at the close of trading on Thursday. This represented a N256.6 billion drop in...
The value of investments in the Nigerian capital market rose by 0.31 percent at the close of trading on Wednesday. This represented a N87.9 billion growth...
Kaduna Electricity Distribution Company (KAEDCO) risk losing its operational licence due to the company’s N51.93 billion debt. KAEDCO received a notification from the Nigerian Electricity Regulatory...
The official foreign exchange market closed Tuesday’s trading at N464.67 kobo/$1, as investors and exporters were charged more for the purchase of the Dollar. According to...
Investors in the Nigerian capital market gained N102.3 billion at the close of trading on Tuesday. This followed the rise in market capitalization from N28.44 trillion...
The International Air Transport Association (IATA) has denied setting an exchange rate for international flight tickets in Nigeria. There have been reports that international airlines have...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged telecoms firms and deposit money banks (DMBs) to consider the interest of financial...
The total foreign exchange transacted on Monday in the official market was $55.10 million, falling below the value transacted the previous session by 65.9 per cent....
Oghenetega Iortim has raised $1.5 million from various investors to financially support his tech startup, Figorr, formerly known as Gricd. Iortim’s company raised the capital as...
Investors and exporters in the official market saw the cost of the Dollar close at N462.33/$1 on Friday, against the N462.73/$1 they exchanged for the Naira...
The single majority investor and directors at First City Monument Bank (FCMB) were busy mopping up shares in the stock market last week, buying 13.37 million...
Geregu, United Bank for Africa (UBA) and Transnational Corporation (Transcorp) Plc made the list of companies’ stocks to watch this week, thanks to the activities of...
Equity traders exchanged a total turnover of 3.602 billion shares in 27,801 deals, worth N36.451 billion, between Monday to Friday this week. The stock market investors...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed President Muhammadu Buhari and the previous administrations for Nigeria’s rising debt. Oniha said the...
Angola displaced Nigeria as Africa’s largest crude oil producer last month. The oil production data from April obtained from the Organisation of Petroleum Exporting Countries (OPEC)...
Airtel Africa recorded a drop in its net profit, with Nigeria leading its revenue growth for the annual financial period covering April 2022 and March 2023....
It cost investors and exporters N462.73 kobo to buy $1 at the close of trading in the official market on Thursday, as the Naira depreciated by...
The board of Seplat Energy has responded to a fresh court order against its top executives, saying the company is yet to receive the Interim Order....
The equity capitalization in the Nigerian capital market was down by -0.09 percent at the close of trading on Thursday. The loss was the capital market’s...
The stock market has been buzzing with patronage from high-end investors in the past weeks, and recently, Herbert Wigwe and Paul Otedola made a visit to...
On Wednesday, the exchange rate at the official market was N463.02/$1 at the time trading closed, with the dollar rate settling below Tuesday’s N462.25 kobo/$1. The...