Nigeria’s diaspora remittances could fall by $2 billion or 8.4% to $21.7 billion in 2020 relative to the $23.8 billion recorded in 2019, the World Bank...
The Nigerian government, through the Rural Electrification Agency (REA), has inked a deal with two mini-grid developers under the Mini-Grid Performance-Based Grant (PBG) to electrify 4...
The Nigerian Communications Commission (NCC) on Monday said it had given the go-ahead for two Mobile Network Operators (MNOs), MTN Nigeria and 9Mobile to carry out...
The National Bureau of Statistics (NBS) said on Monday Nigeria generated a total sum of N424.71billion as Value Added Tax (VAT) in the third quarter of...
The equity segment of the Nigerian Stock Exchange (NSE) had its several days bull run halted on Monday, with investors profit-taking efforts costing the market N26.814...
PayPal shocked the world of finance with what Mike Novogratz called “the shot heard ’round the world on Wall Street” by announcing that it would offer...
Oil prices declined on Monday over concerns that widening coronavirus lockdowns in Europe would hurt fuel demand and amidst worries about turbulence over this week’s presidential...
The Nigerian power industry recorded a generation capacity loss of N243 billion between January and October 2020, figures from the October 2020 electricity generation statistics issued...
The Nigerian bourse posted gains in all its trading sessions last week as cumulative gains came to about a trillion naira, the corporate actions, developments and...
Beneficiaries of the Nigerian government’s N75 billion youth entrepreneurial support fund will be able to access between N250,000 to N5 million each, Minister of Finance, Budget...
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 business activities, while...
The Transmission Company of Nigeria (TCN) said on Saturday the nation’s power sector had recorded another national peak generation of 5,520.40MW. The General Manager of Public...
The week that ended October is yet another noteworthy week. Not necessarily because it saw the expansion of some major Nigerian startups, but for featuring wins...
Johannesburg-headquartered telco, MTN Group, Friday said it had divested its 18.9% stake in loss-making Jumia, one of the biggest e-commerce platforms on the continent, raking in...
Consumers’ overall outlook on the Nigerian economy was bleak in the third quarter, as they were pessimistic in their outlook, the Central Bank of Nigeria (CBN)’s...
The Nigerian Stock Exchange (NSE) recorded the biggest single week gain so far this year this week, with nearly N1 trillion added to the market capitalisation...
The market value of companies on the Nigerian Stock Exchange (NSE) hit its highest level in 16 months on Friday, helped by positive sentiments boosted by...
Exxon Mobil has announced it might reduce its workforce by 15% worldwide, including profound white-collar staff cuts in the U.S. as the coronavirus pandemic weakens oil...
Oil prices slipped in and out of negative territory on Friday but remained on track for a second monthly drop as increasing coronavirus cases in Europe...
Nigerian Breweries Plc Thursday said it would pay its shareholders an interim dividend of N0.25 on every unit of common stock held by its shareholders. This...
Africa’s richest man, Aliko Dangote, has delayed plans to sell shares in his cement maker on the London Stock Exchange and will instead concentrate on expanding...
Rice millers under the aegis of Rice Millers Association of Nigeria (RIMAN), have cried out over the looting of its plants in parts of the country...
Free distribution of electricity metres will start on Friday with the unveiling of the scheme in Kaduna, Kano, Ikeja and Eko electricity distribution companies franchise areas....
Transmission Company of Nigeria (TCN) said on Thursday the country’s power sector recorded an all-time national peak of 5,459.50MW. The TCN General Manager, Public Affairs, Ms....
The profit of MTN Nigeria for the 9 month period to September 2020 declined by 3.3% to N144.239 billion compared to the same period of 2019,...
The Asset Management Corporation of Nigeria (AMCON) has said it is in negotiation with the Pan Ocean Group with a view to resolving the energy firm’s...
Nigerian states will get $2 million each from the World Bank in grant to help them update their property records provided they succeed in capturing at...
The Electricity Distribution Companies (DisCos) have been accused of defrauding Nigerians with impunity. The House of Representatives levelled the allegation on Wednesday and urged the Minister...
The Central Bank of Nigeria (CBN) has issued guidelines for NIRSAL Microfinance Bank to begin the disbursement of the N75 billion Youth Investment Fund. The apex...
The Minister of Power, Saleh Mamman, said on Wednesday Nigeria’s installed power generation capacity had increased from 8,000MW to 13,000MW in the last five years. Mamman...
The Nigerian stock market hit reached its highest level since January on Wednesday as the massive rush to purchase heavyweight stocks led by Nestle, Total, Dangote...
The United States consulate general on Tuesday announced a call for applications for the 2020 Academy for Women Entrepreneurs, an initiative of the U.S. government that...
Oil prices slipped by nearly 3% on Wednesday, wiping out most of the previous session’s gains as a build in the U.S crude stocks and rising...
Telecommunications and mobile money services provider, Airtel Africa Plc, Wednesday said it would pay its shareholders an interim dividend of $1.5c (one and five cents of...
Nigeria received the sum of $26.94 billion as development assistance funds from international donors from 2015 to 2020, Minister of State for Budget and National Planning...
Nigeria’s manufacturing sector shrank for the sixth straight month in October, the Central Bank of Nigeria (CBN)’s Purchasing Managers Index Survey Report showed on Tuesday. Manufacturing...
The bull run in the equity section of the Nigerian Stock Exchange (NSE) continued on Tuesday as the market added N105.758 billion on the back of...
Oil prices advanced towards $41 a barrel on Tuesday as energy companies closed down some U.S. Gulf of Mexico oil production due to a hurricane, even...
The Nigerian government will install one million electricity metres by the end of 2020, Minister of Power, Sale Mamman said on Monday. Mamman, who made the...
Chemical and Allied Products (CAP) Plc and Portland Paints & Products Nigeria Plc, both of them subsidiaries of UAC of Nigeria Plc (UACN) are on track...
The Lagos Chamber of Commerce and Industry (LCCI) is pressing for the intervention and support of governments at national and sub-national levels as well as commercial...
The Senate Committee on Power Monday reacted furiously to a statement by Minister of Power Mamman Saleh that the $5.8 billion Mambilla Power Project had not...
The market capitalisation of the Nigerian Stock Exchange (NSE) crossed the N15 trillion mark on Monday as stocks value went up by N42.285 billion. Heavy buy...
MTN Nigeria Communications Limited Monday announced the appointment of Karl Toriola as its Chief Executive Officer designate. His appointment will take effect from 1st March next...
Oil prices dipped by more than 2% on Monday, extending last week’s losses as surging COVID-19 cases in the U.S and Europe worsened worries about oil...
The Nigerian government is synergising with the United Nations Industrial Development Organisation (UNIDO) and the Miners Association of Nigeria in a move to stimulate the production...
The Nigerian government is mulling supplying electricity to Chad, its West African neighbour, after a recent request by the country. The Transmission Company of Nigeria (TCN)...
The Nigerian Stock Exchange added N19.655 billion last week, with the corporate actions during the week together with other technical factors informing Ripples Nigeria Stocks Watchlist. We have...
The Economic and Financial Crimes Commission, (EFCC) has been asked to probe the Central Bank of Nigeria (CBN) over concession allegedly granted a private company for...
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...