Oil prices jumped on Monday after reports that China plans to ship big volumes of United States crude in August and September, which suppressed worries over...
The World Bank plans to give states in Nigeria $2.5 million each as performance-based grants provided they execute tax relief schemes for individuals and business owners...
Nigerian government’s spending on debt servicing came to N1.57 trillion in the first half of the year, Minister of State for Budget and National Planning, Clem...
Six of Nigeria’s power plants were closed down between 8:15 pm on Thursday and 6 am on Saturday, leading to a slump of 1,190.3 megawatts (MW)...
The Nigerian Ports Authority (NPA) has announced the berthing of the largest container vessel to ever dock at a Nigerian port. Jatto Adams, General Manager, Corporate...
Foreign investors attracted into purchasing Nigerian debt that was paying interest of 13% a year ago are unable to move their cash out of the country,...
Shell Petroleum Development Company said it would appeal the ruling of the Rivers State High Court, affirming the enforcement of the purported sale of interests in...
The Nigerian Stock Exchange (NSE) posted losses on Monday, Tuesday and Friday and recorded gains on Wednesday and Thursday. The liquidity seen in the market this...
The equity section of the Nigerian Stock Exchange (NSE) ended on a negative note on Friday, triggered by sell pressure in stocks like CAP, MTNN, Unilever,...
Nigeria’s unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018, the National Bureau...
The National Pension Commission (PenCom) Thursday said it would soon open the window that would offer employees the liberty to transfer their Retirement Savings Accounts (RSA)...
The equity section of the Nigerian Stock Exchange (NSE) hit an 8-week high on Wednesday, driven by gains in heavyweights like Seplat, Airtel, Presco, Okomu Oil...
The Federal Inland Revenue Service (FIRS) generates N3 billion every week through stamp duty collection, Muhammad Nami, the fiscal authority head, said on Tuesday. Nami, who...
Oil prices climbed higher on Wednesday after an industry report indicated U.S. crude stockpile plunged more than analysts projected, raising hopes that fuel demand in world’s...
Stakeholder in the Nigerian economy Tuesday clamoured for swift completion of the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline with a view to attaining rapid industrial growth...
The Nigerian National Petroleum Corporation (NNPC) is requesting investors to bid to repair pipelines and depots serving its oil refineries, a document posted on its website...
Trading on the Nigerian Stock Exchange ended in the negative territory on Tuesday as profit-taking actions continued, leading to a N75.071 billion depreciation in market capitalisation....
The loan portfolio of deposit money banks in the country leapt by 21 per cent to N3.3 trillion in 12 months, Gregory Kronsten, Macroeconomic and Fixed...
The naira closed stronger against the United States dollar at the over-the-counter spot market also called the Investors and Exporters (I&E) window on Monday, exchanging at...
Crude oil rose further on Tuesday, with prices supported by optimism surrounding U.S. stimulus and a recovery in Asian demand as economies restart. Brent crude was up...
Tier 2 Bank, Fidelity Bank Plc said it had reviewed its card spending limit downward as Nigeria grapples with a severe foreign exchange crunch across various...
The equity segment of the Nigerian Stock Exchange shed N7.452 billion to profit-taking on Monday, ending nine days of consecutive gains. The Industrial Index was the...
The Nigerian National Petroleum Corporation (NNPC) remitted domestic crude oil and gas sales proceed worth about N1.834 trillion into the Federation Account between 2019 and 2020,...
Oil prices advanced on Monday, aided by an improvement in Chinese factory data and bigger energy demand as nations relaxed coronavirus-related lockdowns though traders were cautious...
Nigeria’s aspiration of harmonising its various exchange rates has been brightened by the recent modification of the Central Bank of Nigeria (CBN)’s spot exchange rate, data...
Last week, the Nigerian stock market posted gains in all its sessions, this and other developments informing Ripples Nigeria Stocks watch list. We have selected a...
Government will hold talks with the Central Bank of Nigeria (CBN) in the hope of restructuring business loans as part of the grand plan aimed at...
The Nigerian Postal Service (NIPOST) has refuted the claim by the Federal Inland Revenue Service (FIRS) in some tweets last week that the postal agency was...
The Nigerian Railway Corporation Friday said it generated revenue worth N3.09 billion from rail services last year, noting that N1.5 billion of that sum came from...
Nigeria is looking to end illegal gold exports in the hope of capturing the millions of dollars lost each year through the process to shore up...
Vice President Yemi Osinbajo said on Friday that government agencies needed to stop milking businesses in order to improve Nigeria’s prospects of climbing higher on the...
Monday through Friday, the Nigerian Stock Exchange (NSE) added gain to gain, consolidating a fiercely bullish market that reached back to the two days before last...
The equity segment of the Nigerian Stock Exchange (NSE) rose by N21 billion Wednesday, supported by improved liquidity as turnover expanded by 148%, moving from the...
Oil prices climbed on Wednesday after statistics indicated a major fall in the United States crude storage. However, there are growing concerns that increasing rising COVID-19...
The Transmission of Nigeria (TCN) said on Wednesday the country’s power generation scaled its record high of 5,377 Megawatts (MW) on August 1. The TCN, which...
The wrangling between government revenue-generating agencies, Nigerian Postal Service (NIPOST) and Federal Inland Revenue Service (FIRS) over stamp duty collection festered on Tuesday. Both agencies have...
Oil prices fell on Tuesday over anxieties that a new wave of coronavirus infections worldwide will cause fuel demand recovery to stall amid tighter lockdowns just...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
The Central Bank of Nigeria (CBN) has said it allocated credit worth N539.8 million to farmers between January and March this year, its third quarter economic...
The oil firm at the centre of the $1.3 billion Malabu scandal, Eni, on Monday claimed it acted in conformity with the law on issues related...
Oil prices slipped on Monday over fears pertaining to oversupply as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies prepare to wind back...
Africa’s largest food retailer, Shoprite Holdings, Monday said it will be bringing down the curtain on its Nigerian operations 15 years after announcing its presence in the...
The Lagos Chamber of Commerce and Industry (LCCI) has decried the appointment of the Nigerian Postal Service (NIPOST) as the regulator of the courier market in...
Fewer trading sessions were conducted this week on the equity session of the Nigerian Stock Exchange (NSE) than the last due to a two-day break on...
Beer maker, Nigerian Breweries Plc, has reported a 58% contraction in its top line for the first of half of 2020 as turnover fell to N151.810 billion...
Oil prices jumped Friday, rebounding after striking 3-week lows on Thursday as a result of a historic slump in U.S. growth as the world’s biggest economy...
Businesses in Nigeria are nursing the hope that the economic conditions in Nigeria in the month ahead will better those of July even though this optimism...
Nigeria’s external reserves edged lower by $314.927 million from $36.214 billion on 28th June to $35.899 billion on 28th July 2020, equivalent to a 1% margin,...
MTN Nigeria Communications PLC, the Nigerian unit of Johannesburg-based multinational wireless operator MTN Group Limited, Wednesday declared it grew its half-year 2020 revenue by 12.5% to N638.075...
Nigeria’s Manufacturing Purchasing Managers’ Index (PMI), which measures the direction of trends and developments in the manufacturing industry, tightened for the third successive month at 44.9...
