Firms looking to set up gas-dispensing facilities will henceforth get three approvals and licenses, and scale other regulatory hurdles before obtaining the go-ahead to begin operations,...
The Nigerian bourse gains on Monday and Tuesday last week but recorded losses Wednesday through Friday, with the development and other fundamental factors informing Ripples Nigeria...
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 Central Bank of Nigeria (CBN) has directed all banks operating in the country to comply with SWIFT Universal Confirmation Requirements. The CBN’s Director of Banking...
Unlike last week where the tech space was occupied with equity raisers and new product launches, this week under review came with a new shade -from...
The equity segment of the Nigerian Stock Exchange (NSE) enlarged by N747.194 billion this week, supported by a major gain of N708 billion on Tuesday, the market’s biggest single...
Nigeria’s unemployment rate is seen climbing to 30% by the end of the year as the pace of economic growth in Africa’s biggest economy slows further....
Sell pressure on bank stocks accounted most for the fall by N68.427 billion in the market value of the equities segment of the Nigerian Stock Exchange...
Oil prices edged up on Friday, brightening the two benchmarks’ chances of recording their strongest weekly advancements since early June, following output shutdowns occasioned by a...
The Central Bank of Nigeria (CBN) has warned Nigerians against dubious loan offers and investment schemes through messages and videos on social media, requesting loan seekers...
The World Bank has said Nigeria’s removal of fuel subsidy is a crucial decision taken in the face of the coronavirus crisis. It observed in its...
The equity section of the Nigerian Stock Exchange (NSE) entered a second day of loss on Thursday, with the bourse shedding N46.064 billion, driven by profit-taking...
Revenue mobilisation remains the biggest challenge to funding annual budgets in the country including the proposed 2021 budget just presented to the National Assembly, President Muhammadu...
Oil prices climbed on Thursday, bolstered by production outages in the Gulf of Mexico and potential of higher supply losses in Norway and by optimism regarding...
Nigeria requires an outlay of $2 billion to provide electricity to 80 million people or roughly 39% of its population, who do not have access to power,...
Commuters in Nigeria may have to brace up for difficult times ahead as transport fares could increase by up to 500 per cent in the coming...
Nigeria, Africa’s biggest country by population with more than 200 million people, now has the largest concentration of the most indigent people in sub-Saharan Africa at...
Traders rushing to recoup investments by leveraging the recent uptrend in the equity segment of the Nigerian Stock Exchange (NSE) spurred the cessation of the 12-day...
The Senate on Wednesday mandated its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illicit and excess charges by commercial banks in...
Ngozi Okonjo Iweala, Nigeria’s former minister of finance and coordinating minister of the economy, has made the cut for the last voting round for the position...
The Onitsha seaport was on Tuesday commissioned after several years of construction works. The declaration was made by Tolu Ogunlesi, the media aide to the president,...
Oil prices declined Wednesday following U.S. President Donald Trump’s cancellation of a fourth stimulus package and a surprise build in the U.S. oil stockpiles. Brent crude futures...
The Nigerian Economic Society (NES), a private sector economic think-tank, on Tuesday said the non-inclusion of its members on President Muhammadu Buhari’s National Economic Management Team...
Nigerian businesses experienced muted growth last month as the weight of the coronavirus pandemic on the economy aided the slow pace of expansion, data from the...
Nigeria’s public debt portfolio could touch N34 trillion, around 23 per cent of its gross domestic product, by year end as Africa’s biggest economy continues to...
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...