Nigerian Communications Commission (NCC) has revealed that network providers, Globacom and 9mobile, failed to meet the industry’s key performance indicators (KPI) in 19 states, while their...
World Bank Senior Economist, Gloria Joseph-Raji, has said Nigerian government’s inability to curb economic challenges will make 15 to 20 million Nigerians poorer by 2022. Joseph-Raji...
Over N6.589 trillion was received by eight oil-producing states from the Federation Account under the 13 percent derivation principle, between 2009 and 2019 according to a...
After failing to meet the December 2020 target, the Dangote Group has set the first quarter 2021 date for the take-off of its fertilizer plant. The...
Investors lost over N200 billion at the close of trade on the Nigerian Stock Exchange (NSE) on Tuesday. Just 24 hours after recording N22.1 trillion during...
Operational cost incurred by companies on Apapa road is about to hit a new low as the connection of Lagos-Ibadan Railway to the Apapa port is...
As Nigerian banks struggle to avoid the Central Bank of Nigeria (CBN) sanction relating to low Loan to Deposit Ratio (LDR) they CBN is not bothered...
The uptick in crude oil price pushes the Federal Government closer to its revenue projection, as tight control on oil production by OPEC members is expected...
Nigeria’s bourse was greeted by high confidence investors after a weekend break, with the equity capitalisation closing Monday’s market with N22.1 trillion. This followed a 1.01...
Peace Mass Transit in January acquired a majority stake in C&I Leasing following the decision of the investor, Actis Nigeria, to exit the company. The investor...
At a period loans to the oil industry are non-performing, Nigerian banks still continue to pump credit into the oil market, with the latest beneficiary being...
Despite reporting 6.3% rise in revenue for fourth quarter 2020, UAC of Nigeria Plc’s earnings was negatively impacted by the EndSARS protest, while its paint segment...
Coronavirus-influenced work from home has driven revenue of Airtel Nigeria from data subscriptions by 26.2 percent for the nine-months ended 31 December 2020 to $397 million...
Nigeria’s three refineries under the management of the Nigerian National Petroleum Corporation (NNPC) have not made any profit or produce a drop of fuel since October...
Nigeria’s external reserves have dropped to $36.34 billion as of January 28, the Central Bank revealed on Sunday. In the latest data released by the apex...
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...
Axa Mansard Insurance Plc, a Lagos-based composite insurance has revealed it grew its assets by 7.5 percent to N99.22 billion for 2020 from N92.28 billion in...
As part of its sustained innovation strides, Africa’s leading logistics company, GIGL, has launched a new service bouquet tagged Class Plan which e-commerce merchants, both local...
This week, wealth management platform, Cowrywise, closed a $3m pre-series A funding, about the biggest news for the week. We saw a cross-industry growth featuring new...
Ecobank Group has recorded a revenue of over N630 billion for the year ended December 31, 2020. This represents a 7 percent growth when compared to...
Nigerian stocks investors started the year on a very strong note after recording N1 trillion gains in four weeks of trading which closed on Friday. Bargains...
Nigerian National Petroleum Corporation, NNPC, through its subsidiary, the Pipeline and Product Marketing Company, PPMC, has disclosed that Nigerians consumed 1.22 billion litres of petrol in...
A Dutch court on Friday ordered oil giant Shell to pay compensation in a case brought by four Nigerian farmers who alleged widespread pollution in their...
The Nigerian government is set to reintroduce toll gates on Nigerian roads as 12 highways have been earmarked for concession to private companies. This was made...
The International Monetary Fund (IMF) has downgraded forecasts for Nigeria’s recovery in 2021 to 1.5 percent, 0.2 percent lower from its earlier projection of 1.7 percent...
Equities trading on the Nigerian Stock Exchange (NSE) extended gains for the fourth day in a row on Thursday as Investors gained N124.86 billion. The All-...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
The Nigerian Communications Commission (NCC) has approved the renewal of the spectrum licenses in the 900MHz and 1800MHz bands for Airtel’s Nigerian the subsidiary, Airtel Networks...
The National Bureau of Statistics (NBS) has revealed that Nigeria was only able to meet 75 percent of its target Value Added Tax (VAT) revenue in...
Nigerian stocks posted a third consecutive day of gains on Wednesday as the All-Share Index advanced further by 0.83% to close the day’s trading at 41,930.73...
Nigeria made about N14.43 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in six years from 2015-2020, an analysis of data published today...
The Central Bank of Nigeria (CBN) says it has disbursed a total of N2 trillion through its various intervention programmes, as at January 2021. This was...
Domestic investors outperformed foreign investors by N700.7 billion as total domestic transaction in Nigeria equity market rose to N1.43 trillion in 2020 as more Nigerians channel...
The total transaction by domestic investors in Nigeria’s stock market stood at N1.43 trillion at the end of 2020, a report has said. The Nigeria Stock...
The All-Share Index (ASI) appreciated by 1.21 percent to close at 41,584.94 index points at the end of Tuesday’s trading. In an impressive performance, a total...
Flour Mills of Nigeria Plc has declared an impressive profit of N15.6 billion in the nine months ended Dec. 31, 2020, a 91.5% rise from N8.1...
The Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR) unchanged at 11.5 percent after two days of its Monetary Policy Committee...
Okomu Oil Palm Company Plc has declared that it made a profit of N7.38 billion in 2020, a 46.2 percent increase from N5 billion in 2019....
Unilever Nigeria Plc, has reported a loss of N1.59 billion in 2020, 62.3 percent lower than the 2019 loss of N4.22 billion. The last profit recorded...
Nigeria was the top Foreign Direct Investment (FDI) destination in Sub-Saharan Africa for 2020 ahead of South Africa and Ethiopia, the United Nations Trade Association (UNTA)...
Nigeria’s stock market opened the week on a positive note as investors gained N45.49billion at the close of trading on Monday. The market’s benchmark performance indicator...
Securing an apartment for rent in Nigeria is more expensive than any other country in Africa except for Seychelles, according to data by global data service...
Between September 2019 and September 2020, Nigeria spent over N75.23 billion on repairs and maintenance of leaking pipelines carrying crude oil from wells to flow stations....
The Central Bank of Nigeria (CBN) has directed banks in the country to stop Nigerian exporters who are yet to repatriate their export proceeds effective from...
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...
Latest development around Sim Shagaya’s edutech product, uLesson, led amongst stories for the week, especially as it concerns Nigerian tech ecosystem. Nigerian auto-tech company Autochek joined...
The Central Bank of Nigeria (CBN) has threatened to shut the accounts of operators who continue to violate diaspora remittance regulations as well as withdraw their...
Stock investors in Nigeria lost about N81.59billion in the third trading week following increased activities of profit takers. At the end of today’s trading, the market...
The Nigerian Communications Commission (NCC) has confirmed that the number of active telephone subscribers has hit the 208 million mark across the country. At a press...
The Federal Government on Thursday announced the concessioning of the e-ticketing service of the Abuja-Kaduna rail corridor to SecureID for 10 years at the cost of...