The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country. The apex bank in February 2021 ordered all financial institutions...
Investors in the Nigerian equities market lost N145 billion at the close of trading on Friday. Today’s trading was the last before the Christmas celebration in...
The Central Bank of Nigeria (CBN) has accused the Deposit Money Banks (DMBs) of colluding with Point of Sale (PoS) operators to disrupt the cash flow...
Oil producing country, Angola, a key member of the Organization of the Petroleum Exporting Countries (OPEC) since 2007, has declared its intention to leave the organization...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Wednesday, announced the completion of phase 1 of the rehabilitation of the Port Harcourt...
Nigeria has spent the sum of N1.792tr on servicing domestic debts in three months of July, August and September 2023, data sourced from the Debt Management...
Investors in the Nigerian capital market went home with N570 billion at the close of trading on Wednesday. This followed the increase in the market capitalization...
The Nigerian banking industry recorded N367.28 billion increase in profit before tax (PBT) in the third quarter of 2023 — which falls between July to September....
The poor management of the various seaports in Nigeria is estimated to be costing a significant economic loss in the region of $7 billion annually, the...
Investors in the Nigerian capital market pocketed N35.6 billion at the close of trading on Tuesday. This followed the growth in the market capitalization to N39.66...
TotalEnergies has disclosed plans to invest the sum of $6 billion in the coming years on offshore oil projects and gas production across all terrains. This...
The equity market began the week on a bullish note as trading activities on the floor of the Nigerian Xchange closed positive Monday (18/12/2023) by 0.02%....
The World Bank has raised an alarm that only 10 per cent of targeted poor and vulnerable households have benefitted from the Federal Government’s recently launched...
Lagos State, Nigeria, is a bustling metropolis known for its vibrant social life and economic opportunities. As the population continues to grow, so does the need...
ACCESSCORP, GTCO, ZENITH BANK, MTNN and NNFM are some of the top stocks that investors could consider investing in in the new week. The financial service...
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...
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, said on Saturday the agency has paid insured deposits of over N1.7 billion to...
The three tiers of government on Friday shared a total sum of N1.088.783 trillion as revenue allocation for November. The Federation Account Allocation Committee (FAAC) disclosed...
The All-Share Index in the Nigerian capital market depreciated by 0.09% at the close of trading on Friday. After five hours of trading, the ASI dropped...
Nigeria’s inflation rate for the eleventh consecutive month rose higher, reaching 28.2 percent in October 2023, according to the National Bureau of Statistics (NBS). The NBS...
Despite the assurances by the Central Bank of Nigeria (CBN) that cash I circulation has hit N3.4tr and repeated statements by the apex bank on the...
Nigeria, South Africa and other African countries have been projected to be losing as much as $90 billion to illicit financial flows annually. This is according...
Following two increases in five months in the subscription rates of DSTV/GOTV bouquets, Nigerians have been left yearning for better, improved alternatives to MultiChoice, the South...
Trading activities ended on a positive note on Thursday with a 0.22% growth in the All-Share Index (ASI). The ASI rose by 156 basis points to...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Thursday the country’s inflation and exchange rates would drop in 2024. Cardoso, who...
Following the sacking of the chief executive officers of the aviation agencies in Nigeria by President Bola Amed Tinubu on Wednesday, the Federal Government has again...
Amid growing apprehension over cash scarcity in different parts of the country, the Central Bank of Nigeria (CBN) has reassured Nigerians that there are enough naira...
The All-Share Index (ASI) crossed the 72,000 mark to close at 72,299.79 basis points at the close of trading on Wednesday. The ASI was 392.5 basis...
The World Bank has projected that savings from subsidy removal in Nigeria would accrue to over N11 trillion by 2025. The Bretton Wood institution made the...
The World Bank has urged the federal government to increase the Value-Added Tax VAT rate as a measure to boost non-oil revenue into the FG’s coffers....
The Federal Government’s medium-term bonds of 14.55% FGN APR 2029 and 14.70% FGN JUN 2033 have been oversubscribed, the December 2023 Bond Auction Result from the...
Amid the declining crude production recorded in November 2023, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has expressed optimism that Nigeria can achieve...
A Certificate of Occupancy (C of O)is a crucial legal document that establishes the right of an individual or entity to possess and utilize a piece...
The All-Share Index (ASI) in the Nigerian capital market appreciated by 0.33% at the close of trading on Tuesday. The ASI rose by 237.3 basis points...
Nigeria recorded 127 incidents of oil theft between December 2 and 8, 2023, the Nigerian National Petroleum Corporation Limited (NNPCL) has disclosed. This development was contained...
The Minister Of Finance And Coordinating Minister Of Economy, Wale Edun has dropped a hint that there’s a possibility that the country might return to the...
The House of Representatives has set a revenue target of N6 trillion for the Nigeria Customs Service (NCS) in 2024. The target was set when the...
Despite a budgetary target of 1.78mbpd crude oil production, Nigeria’s crude oil output fell to 1.4 million barrels per day in November 2023, data from the...
Investors in the Nigerian capital market pocketed N70.14 billion at the close of trading on Monday. This followed the rise in the market capitalization to N39.22...
The Centre for the Promotion of Private Enterprise (CPPE) has bemoaned the recent decision by the Central Bank to increase the customs exchange rate from N783...
The Central Bank of Nigeria (CBN) has stated that the banking sector in Nigeria is still robust and that important financial soundness metrics fall within regulatory...
The Central Bank of Nigeria (CBN) has announced the suspension of applications for new loans under its development finance intervention funds. This is even as the...
The Central Bank of Nigeria (CBN) has suspended the processing fees on large cash deposits of N500,000 for individual accounts and N3,000,000 for corporate accounts until...
Fresh data obtained from the Central Bank of Nigeria (CBN) has shown that Nigeria’s external reserves declined by $521.22m in five weeks. According to CBN’s data...
ETI, Access Holding, Multiverse, PZ Cussons and UBA are some of the top stocks that investors could watch out for in the new week as we...
The Minister of Agriculture and Food Security, Alhaji Abubakar Kyari, said on Saturday the Federal Government was working towards increasing Nigeria’s coconut production level to 500,000...
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...
The Federal Government of Nigeria has dropped a hint that it is contemplating handing over its 40% stakes in the 11 Distribution Companies (DisCos) to state...
The possible reversal of the deterioration in Nigeria’s fiscal and external position as a result of the government’s reform effort has spurred global rating agency, Moody’s...
The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has...