The Nigerian National Petroleum Corporation (NNPC) on Friday invited bids from interested companies for the operation and maintenance of its three refineries. The three refineries are...
The Nigerian film industry produced about 4,730 movies between 2017 and 2021. The National Bureau of Statistics (NBS) disclosed this in its latest Nollywood Movies Production...
The total assets under the management of Nigeria’s Mutual Fund Industry increased to N1.6 trillion last year. In a report titled: “Comparing Apples and Oranges Why...
Analysts have projected Nigeria’s inflation figures to increase by about 19 percent in April ahead of official figures expected to be released by the National Bureau...
The Central Bank of Nigeria (CBN) has removed the official exchange rate of N379 per dollar from its website. Also, The last time the exchange rate...
Nigeria’s healthcare sector in the last five years attracted the highest healthcare Private Equity and Venture Capital investment deals in Africa. This is according to data...
As Nigerian businesses continue to readjust to the realities of post-COVID-19 pandemic, and government makes policies to support the adversely impacted economy, Airtel Africa’s earnings will...
The largest cryptocurrency exchange in the world, Binance, is under investigation for alleged money laundering and tax evasion in the United States. US prosecutors alleged Binance...
More reactions have continued to trail Tesla founder, Elon Musk’s announcement that the company would no longer accept Bitcoin for payment for its vehicles. Binance founder,...
International Monetary Fund said the Nigerian government and other African countries would have to borrow more funds, or increase taxes in order to meet spending needs...
The second richest man in the world and prominent supporter of bitcoin, Elon Musk, has backtracked from using the most popular cryptocurrency as a payment option...
A World Bank report on migration and development has revealed that Nigeria received over 40 per cent of sub-Saharan Africa’s share of remitances totalling $540 billion....
The National Pension Commission has announced that only 15,418 organisations out of over 3.1 million registered companies in the country can do business with the federal...
In the last seven years, Nigeria’s company income tax has risen by 130.8 percent Ripples Nigeria analysis shows. Data from the National Bureau Of Statistics(NBS) shows...
The financial statements of Airtel Africa has shown that the network provider’s mobile money business grew faster than voice and data revenue in the first three...
The Transmission Company of Nigeria (TCN) says the national grid which collapsed earlier on Wednesday, is already being recovered as most parts of the country now...
Out of seven countries surveyed, Nigeria recorded the highest dip in remittance flow in 2020, a new report by Agusto has shown. The industry researcher also...
Ahead of the sallah celebration, Nigeria’s power grid collapsed on Wednesday with total blackout experienced in several parts of the nation. Kaduna Electric and Eko Electricity...
Despite the market size and growth of Nigeria’s financial technology services, Airtel Africa prefers Fintechs from Zimbabwe and Ghana to grow its mobile money business in...
Airtel Nigeria has paid for the renewal of its license in Nigeria, but the Nigerian Communications Commission (NCC) is yet to approve the license. The telecommunications...
Author: Ikem Okuhu… Rev. Fr. Camelius Ejike Mbaka has been making headlines across Nigeria and beyond since April 29, 2021, when a video of his sermon...
The Nigeria Sovereign Investment Authority (NSIA) has announced a 343 percent growth in total comprehensive income to N160.06 billion in 2020 as against N36.15 billion the...
Some capital market operators risk losing their license, as the Securities and Exchange Commission (SEC) move to protect investors against unethical behaviour in the stock market....
The market capitalisation rose to N20.52 trillion today (Tuesday), adding N30 billion to investors’ wealth. During the preceding day, the Nigerian bourse had recorded N20.49 trillion....
In the last nine years, Nigeria has lost at least N2.4 trillion due to poor gas flaring practice of international oil companies and local stakeholders. This...
Dukia Gold & Precious Metals Refining Co. Limited is set to list on the Lagos Commodities and Futures Exchange (LCFE). The public listing will make it...
The data war among network providers in Nigeria continues to cost MTN Nigeria its market share, as millions of subscribers dumped the y’ello network all through...
On Monday the value of the Nigerian Naira dropped marginally against the U.S dollar at the Investors’ & Exporters’ foreign exchange market as demand pressure for...
The proposed sale of Union Bank has triggered massive interest in the company’s stock as investors queue to add the lender’s shares in their asset portfolio....
Over N60 billion was gained by investors during Monday’s trading activity at the Nigerian bourse after the equity capitalisation closed the day at N20.49 trillion, topping...
India has made a major oil decision that will affect the revenue of Nigeria. The Asian country has cut down on its importation of crude oil...
Starting from tomorrow (Tuesday) riders in Lagos with e-hailing service, Uber Nigeria, will be charged higher fares on its economy option UberX. According to an email...
There were several activities in the business community last week, with companies conducting initial public listing or having their financial strength called into question. This is...
In the last year, at least over 400 manufacturing firms were forced to close production, according to the Manufacturers Association of Nigeria (MAN). The Director-General, MAN,...
Nigeria’s currency ended last week on a positive against the dollar both at the official and unofficial foreign exchange market. On Friday, naira gained significantly against...
Bitcoin and Dogecoin investors suffered losses in 24hours as the two cryptocurrencies dipped, while those of Ethereum continue to gain. The digital assets value declined during...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
First Bank has been given a negative rating by international credit rating agency, Fitch, following the Central Bank of Nigeria (CBN) clampdown on the lender for...
Following the spate of insecurity in the country, the National Space Research and Development Agency (NASRDA) on Wednesday, May 5, said inadequate satellite and other facilities...
The National Bureau of Statistics (NBS) on Saturday revealed that the total sum of N496.39 billion was generated as Value Added Tax (VAT) in the first...
The stock market ended the week in a decline after investors traded 1.419 billion shares worth N15.918 billion in 18,459 deals. This week’s floor trading was...
Securities and Exchange Commission (SEC) has expressed concerns that many young Nigerians are showing more interest in foreign stocks than local stocks. According to the commission,...
The capital market ended with investors losing N40 billion due to a decline in Thursday’s N20.47 trillion equity capitalisation, which dwindled to N20.43 trillion on Friday....
Agric-tech company, Thrive Agric, has finally repaid investors a year after the company was accused of failing to pay initial investment and interest on the investment...
Ratings agency Moody’s has revealed it has placed First Bank of Nigeria deposit ratings on review for downgrade, after the central bank sacked the board of...
MTN has added another country to its public listing roaster after its subsidiary in Rwanda went public in the Central African country. MTN Rwanda listed its...
Zenith and Access banks have been named among banks to be showing interest in the remaining shares of Atlas Mara in some African banks, which also...
