Nigeria’s exports to key markets in Africa fell to it’s lowest level in three years in 2020. Data obtained from the National Bureau of Statistics (NBS)...
Nigerian may soon find it difficult to purchase wheat, as the importation of the product will soon be reduced by the Central Bank of Nigeria (CBN)....
Despite increase in dollar supply, the Nigerian Naira grew weaker against the US dollar on Thursday. After trading on Thursday, the foreign exchange market closed with...
On Friday morning oil price rose by 1 percent after dropping 3.8 percent on Thursday after observers predicted it will take weeks to remove the giant...
Dangote Cement is planning to raise funds for its operations. The Nigerian company will raise the debt through bond issuance at the capital market, a statement...
The Minister of State for Petroleum, Timpreye Sylva, blamed fuel subsidy for the poor state of Nigeria’s refineries. He made this comment while defending the plan...
The positive trend in the Nigerian Stock Exchange continued on Thursday with equity capitalisation rising from N20.44 trillion to N20.55 trillion at the close of trading....
The Nigerian National Petroleum Corporation (NNPC) recorded ₦24.19billion trading surplus in December 2020. The figure, according the Corporation’s Monthly Financial and Operation Report for December 2020...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, said on Thursday the corporation pays N120 billion monthly to subsidise Premium Motor...
Nigeria’s downstream petroleum sector price regulator, the Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that Nigeria’s domestic stock of petrol has dropped by 5.45 percent....
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...
