Stanbic IBTC recorded a lower fourth quarter revenue last year when compared to the corresponding period of 2019. The lender, however, managed to grow its revenue...
The United States government is set to make its second bitcoin sales in a month, as it plans to sell off 6.79 bitcoin worth about $353,000...
Nigeria’s currency on Wednesday appreciated by 0.26 percent stronger than the dollar at the Investors and Exporters (I&E) forex window according to data from FMDQ Security...
Oil pulled back Wednesday’s gain in the early hours of Thursday as the dust settled over concerns that a grounded ship blocking passage in the Suez...
Air Peace and the Nigeria Customs Service (NCS) are at loggerheads over collection of import duties. Air Peace said the NCS is acting against the federal...
Securities and Exchange Commission (SEC) has been told it has no authority in non-capital matters as Oando’s director, Yakubu Gumel, obtained a court order nullifying the...
The Nigerian Stock Exchange (NSE) closed trading on Wednesday with the equity capitalization standing at N20.44 trillion. This was more than the N20.25 trillion recorded at...
The African Export-Import Bank (Afreximbank) and the Nigeria Export-Import Bank (NEXIM) have expressed readiness to mobilise $50 million as Joint Project Preparation Fund for investments in...
Transportation in Nigeria by road within and between states, experienced an increase in prices in February 2021. According to the transport fare watch for February 2021...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday expressed concern at the rising inflation in the country. The inflation increased...
Dangote Cement has offered N16 dividend to its shareholders after recording N1.03 trillion revenue last year. The company disclosed this in 2020 financial statements released on...
Crude oil has crashed to just above $60 per barrel as it struggles to find its feet again. Brent, against which Nigeria’s crude oil is priced,...
Naira gained marginally against the United States Dollar on Tuesday to close at N409.80/$1, data posted on the FMDQ Securities Exchange showed. This represents a N0.33...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has assured Nigerians and investors that the apex bank has enough foreign exchange to meet demands....
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has denied reports that the Nigerian government was operating a flexible exchange rate, and only recognises...
The stock market slumped on Tuesday, just a day after closing on a high. It ended trading with equity capitalisation declining to N20.250 trillion from the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5 percent, the same...
The international credit rating agency, Fitch on Monday projected that Nigeria’s debt to revenue ratio will get worse in 2022. The firm said debt will rise...
Twitter founder, Jack Dorsey, on Monday, sold his first tweet in an auction to a Malaysia-based for $2.9 million. The tweet is in the form of...
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, said on Monday the Bank of Industry (BoI) has secured a $1 billion syndicated loan to...
Nigerian National Petroleum Corporation (NNPC) said on Monday the condition given by Afreximbank for $1 billion loan will ensure the Port Harcourt refinery remains operational for...
The Federal Government on Monday announced another currency reform as Naira falls across foreign exchange markets in the country. The Minister of Finance, Budget and National...
The International Breweries has canceled dividends for its shareholders for last year after the company’s profit declined during the period. However, its revenue increased to N136.79...
Confidence was high during trading on Monday as investors’ participation pushed the Nigerian Stock Exchange (NSE) equity capitalisation upward to N20.259 trillion at the close of...
The five-time Ballon D’Or winner, Cristiano Ronaldo, became the first footballer to be paid with cryptocurrency when his Italian Serie A side, Juventus gave him 770...
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market. In the...
Since the beginning of this month, Nigeria’s stock market has been struggling to move away from the bearish territory. Last week, investors’ participation was high, but...
The Whale moved 2, 210 Bitcoin in a block of 675, 713 units worth $125 million a few hours ago. The development is one of the...
The Federal Government has assured Nigerians the loan collected for the rehabilitation of the Port Harcourt refinery would be repaid without difficulty. The Minister of State...
It now costs about twice as much as it did in 2015 to prepare meals in Nigeria. According to the last data from National Bureau of...
Residents in Lagos State who are self-employed, employees or professionals have been asked to file their individual annual tax returns for 2021 Year of Assessment in...
Guaranty Trust Bank (GTBank) is in the process of transforming into a Holding Company, but before the end of the restructuring, GTBank’s Chief Executive Officer, Segun...
A group fighting for the independence of the Yoruba people, Oduduwa Republic, has introduced the currency for the proposed Yoruba nation. The group disclosed some images...
When news broke that the federal government had issued approval to rehabilitate the Port Harcourt refinery for $1.5 billion (about N570 billion), many Nigerians wondered to...
Founder of Stanbic IBTC, Atedo Peterside, has condemned the decision of President Muhammadu Buhari to earmark over one billion dollars for the repair of Nigeria’s dilapidated...
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 mainstream...
At the end of stock market this week, investors traded 2.342 billion shares worth N19.272 billion in 20,173 deals. This shows market participation was low when...
The Central Bank of Nigeria has increased the Targeted Credit Facility (TCF) for households and Small and Medium Enterprises (SMEs) from N150 billion to N300 billion....
Nigerians are already reeling from the effects of rising crude oil prices despite the return of subsidy as the average price of petrol increased to N166.24...
The International Energy Agency (IEA) on Friday, March 19, stated that the plans by the Federal Government to rehabilitate the refineries are unlikely to materialise. According...
Following a huge drop in foreign investment into the country in 2020, the African Development Bank (AfDB) has called for a quick and comprehensive plan to...
On Thursday, The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed that the nation’s excess crude account (ECA) balance as at March 16,...
No respite yet for Naira at the foreign exchange (FX) market, two weeks after the introduction of a new FX policy tagged “Naira 4 Dollar” scheme...
The bearish situation in Nigeria’s Stock Exchange (NSE) returned on Friday with the equity capitalisation dropping to N20.08 trillion at the close of trading in the...
The English Premier League side, Manchester City, on Friday joined the league of European football teams with investment in cryptocurrency. The Etihad side stepped off the...
Friday’s drone attack on Saudi Arabia’s oil refinery in Riyadh could lead to a sharp increase in oil prices. Although, the fire was brought under control,...
The Corporate Affairs Commission (CAC) has called on its customers with unclaimed certificates to come forward and pick them up from its courier services on or...
The Central Bank of Nigeria (CBN) has stated that the growth projection for the country’s economy remain weak. This is despite the reopening of the economy...
Nigeria’s Debt Management Office (DMO) has listed a total of N162.5 billion seven-year Ijarah Sukuk Bond Sovereign Sukuk, due to mature in 2027 on the Nigerian...
The Transmission Company of Nigeria (TCN) has stated that it has completed the construction of a new transmission tower in Ajah, Lagos state. The TCN’s General...