The Nigerian Stock Exchange (NSE) sustained its bull run on Tuesday, buoyed by big and mid-cap stocks led by Dangote Cement, MTNN, Presco, Nigerian Breweries and...
President Muhammadu Buhari has signed bilateral air service pacts with USA, India, Rwanda and Morocco, Minister for Aviation Hadi Sirika declared on Tuesday. “I am glad...
Oil prices advanced on Tuesday, supported by disruptions in Norwegian supply, another Gulf of Mexico hurricane and United President Donald Trump’s comeback to the White House...
Naira recorded a modest gain against the United States dollar at the parallel market on Monday, closing at N458, 1.5% stronger than its close at the...
The Nigerian government’s petrol-to-gas auto conversion plan, which looks to provide alternative energy in the form of Compressed Natural Gas (CNG) for gasoline-powered cars plying Nigerian...
Sixty-eight per cent of Nigeria’s household population witnessed different degrees of food insecurity ranging from moderate to severe in the month of August, data from the...
Investors’ increasing interest in bank stocks helped lift the Banking Index by 3.37% to 325.96 basis points on Monday on the Nigerian Stock Exchange (NSE), making...
Oil prices advanced on Monday, boosted by doctors’ view on United States President Donald Trump’s health, with intimations he could be discharged from hospital on Monday....
Power supply to the Niger Delta area could receive a boost anytime soon as General Electric Company has just completed the rehabilitation of three power plants...
The Central Bank of Nigeria (CBN) said it expects Nigeria’s international reserves, which opened at $38.100 billion in January to close the year anywhere between $29.9 billion and...
In the week that just went by, the Nigerian Stock Exchange added N350.148 billion in capital appreciation Monday through Friday, one of the biggest in several weeks, with the corporate...
Commercial banks in the country are henceforth regulation-bound to get the nod of the Fiscal Responsibility and Commission (FRC) as parts of the precedent conditions for...
Labour unions in the oil and gas sector on Sunday directed their members in Chevron Nigeria Limited to commence a total shutdown of the company’s operations...
Nigeria’s foreign reserves advanced just at the marginal rate of 0.16% or $58.464 million in the one month period between 29th August and 29th September, data from the Central Bank...
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...
Equity investors at the Nigerian Stock Exchange (NSE) recorded gains coming up to N350.148 billion this week after each trade session from Monday to Friday ended...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) will take its protest efforts further following Chevron Nigeria’s plan to dismiss 600 employees. The...
Nigeria’s commercial capital, Lagos, lost $2.1 billion on account of the hazards of air pollution on the state, Minister of Science and Technology Ogbonnaya Onu said...
The year-to-date return of stocks on the Nigerian Stock Exchange (NSE) came back to positive on Friday after staying negative for many months this year, driven...
Chevron Nigeria Limited on Friday declared its intention to slash its workforce by 25 percent due to the current economic situation in the country. In a...
Oil prices dropped for a second day on Friday over worries about an escalating case of the coronavirus, which United States President Donald Trump just tested...
Shell Nigeria Gas, the downstream gas distribution arm of Shell Petroleum Development Company, has inked a deal with the Oyo State government towards developing pipeline infrastructure...
The Nigerian government Thursday inaugurated the N75 billion Medium Small and Micro Enterprises (MSMEs) Survival Fund and Guaranteed Off-take Stimulus with the ambition of supporting artisans...
Electricity consumers in the country paid a gross sum of N1.27 trillion within three years to power distribution firms (Discos) in settlement of their bills, figures...
The Nigerian government is looking to complete the Lagos-Ibadan railway by December or early January 2021, spurred by the urgency to ease the Apapa port of...
Oil Prices declined Thursday as soaring coronavirus infections dimmed outlook, with a growth in OPEC output last month straining prices further, much as optimism of U.S....
As covid-19 continues to ravage the globe, it has also created hiccups in the food chain, leading to shortages in supply of food items. Patrick Egwu spoke...
Naira strengthened against the U.S. dollar on Wednesday at the parallel market, inching up by 1.08%, supported by improving liquidity in the retail segment of the...
The House of Representatives Wednesday approved a spending plan of N13.08 trillion for 2021 alongside the Fiscal Strategy Paper and the Medium Term Expenditure Framework of...
International credit rating agency, Fitch Ratings Inc, has reappraised Nigeria’s outlook on long-term foreign currency Issuer Default Rating (IDR), which assesses a sovereign nation or an...
The equity segment of the Nigerian Stock Exchange (NSE) extended gains on Wednesday, advancing by N116.724 billion, with heavyweight stocks such as Total, Dangote Cement, MTN...
Oil prices depreciated for the second day in a row on Wednesday, with an upward drift in Covid-19 infections heightening fears that additional curbs on economic...
In line with the agreement reached between the federal government and the organised labour, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday night issued an order...
Tier 2 lender Sterling Bank is on track to attaining a holding company status after declaring it has passed the Central Bank of Nigeria’s (CBN’s) litmus...
President Muhammadu Buhari has pressed for the reallocation of the Special Drawing Rights (SDRs), which the International Monetary Fund (IMF) retains as supplementary foreign exchange reserves...
The Nigeria LNG (NLNG) Limited has expanded its output of Liquefied Petroleum Gas (LPG), used for cooking purpose in households, to 450,000 metric tonnes per annum...
The equity section of the Nigerian Stock Exchange (NSE) maintained its advancing momentum on Tuesday, adding N54.415 billion, with banking stocks driving volume. Medium and large-cap...
The National Broadcasting Corporation (NBC) sees the country’s pay TV space undergoing the much-anticipated disruption that will open it up to affordable and value-reflective rates as...
The National Bureau of Statistics (NBS) has announced that it will begin the National Business Sample Census, 22 years after the last one. The exercise is...
Nigeria is responsible for an estimated 46% of the $89 billion illegal money outflow from Africa, typically stolen funds and money from tax evasion that leave...
The equity section of the Nigerian sustained last week gains Monday, buoyed by blue-chip gains particularly those recorded by Total, MTNN, Okomu Oil, BUA Cement and...
Oil prices slipped on Monday, helped by soaring Covid-19 infections, which weakened the possibility of seamless fuel demand recovery, with crude set for its first monthly...
The Nigerian government will privatise state-owned oil asset, Nigerian National Petroleum Corporation (NNPC), abolish key industry regulators to pave the way for new bodies and modify...
Power generation in Nigeria received a boost on Sunday, lifted by an elevation of 979 megawatts (mw) in the total generated power to 4,312.1mw as 16...
In the week that just went by, the Nigerian bourse posted gains Monday through Friday, with the corporate actions of the week and some technical factors...
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...
The Nigerian Stock Market (NSE) posted modest gains on Monday and Tuesday, the same day the Central Bank of Nigeria (CBN), in a move that upset...
The Nigerian Stock Exchange (NSE) sustained its bull run Friday, helped by blue-chip gains driven by Nigerian Breweries, Presco, Dangote Cement, Stanbic and Flour Mills. The...
Oil prices climbed on Friday but were on course for a weekly drop by reason of rising fears about the impact of a sweeping re-emergence of...
Portfolio investment in Nigeria, which aggregates the value of assets like bonds, stocks and cash equivalents held by domestic and international investors, plunged to a new...