Nigerian entrepreneur and founder of So Fresh, Olagoke Balogun, has criticised the handling of local refineries within the country, stating that the Nigerian government is inadequate...
Profit of American companies in Nigeria fell by 26.5 percent in 2020 to N1.08 trillion from N1.47 trillion recorded in 2019. The figures were disclosed by...
Airtel Africa’s mobile money business has raised $200 million from The Rise Fund, as the money transfer platform eyes initial public offering within the next four...
The Naira to a US Dollar remained unchanged on the official and official market on Wednesday. Naira closed N409.75 against the dollar at the Investors &...
The House of Representatives has resolved to investigate alleged sabotage responsible for the frequent shutdown of Warri Refinery, towards addressing the problem. The resolution was a...
Nestle S.A has been busy infusing capital into Nestle Nigeria since the first week of March 2021, and the Switzerland-based company is not ready to stop...
The Central Bank of Nigeria has reportedly appointed KPMG LLP as transaction adviser for its newly set up infrastructure fund. According to a Bloomberg report, quoting...
A court in Milan, Italy, on Wednesday acquitted the Dutch oil giants, Shell, Eni and 13 defendants including past and present chief executives in the controversial...
Investors in the Nigerian Stock Exchange (NSE) lost N7.68 billion following a slight decline in equity capitalization at the close of trading on Wednesday. The market...
A large majority of employed Nigerians may retire without anything to fall back on after retirement, Ripples Nigeria reports. Analysis of data from the National Pension...
Stanbic IBTC has established an insurance subsidiary, Stanbic IBTC Insurance after the National Insurance Commission (NAICOM) issued the lender regulatory approvals and license. The insurance company...
On Tuesday, March 16, 2021, Naira depreciated against the U.S dollar at the Investors & Exporters (I&E) window of the foreign exchange market, according to data...
Two days after smashing the $60,000 mark, bitcoin’s market capitalisation has slumped to its lowest in the third week of March. The most popular cryptocurrency had...
The Central Bank of Nigeria (CBN) has stated that fiscal deficit of N1.48 trillion was recorded by the Federal Government in the fourth quarter of last...
The Federal Government has said that it would monitor the usage of the special intervention funds released to Federal medical and health institutions for the management...
The European Union (EU) has lodged a complaint at the World Trade Organisation (WTO) against Nigeria’s dairy policy. This was revealed by the Director-General, WTO, Dr...
Nigeria recorded $23.60 billion as aggregate foreign exchange inflow into the economy in the fourth quarter of 2020. This was a drop of 35 percent from...
Following a series of incidents involving Azman Air’s Boeing 737 aircraft, the Nigerian Civil Aviation Authority (NCAA) has suspended the operations of all the Boeing 737...
Investors at the Nigerian Stock Exchange gained N83.17 billion on Tuesday with the market capitalisation standing at N20.25 trillion at the end of trading. The figure...
The Central Bank of Nigeria (CBN) has introduced new charges for Unstructured Supplementary Service Data (USSD) services. The CBN made the announcement after a meeting between...
The House of Representatives has urged telecommunication operators to halt the planned withdrawal of Unstructured Supplementary Service Data (USSD) services to financial institutions in the country....
At least one in 35 Nigerian graduates are unemployed in Nigeria, the National Bureau of Statistics (NBS) has revealed in its Labor Force Statistics released on...
Nigeria’s inflation rose to 17.33 percent in February 2021. This is 0.86 percent points higher than the 16.47 percent rate recorded in January 2021 16.47 percent....
The Central Bank of Nigeria (CBN) has extended the deadline for submission of interest in the Infrastructure Corporation of Nigeria Limited (InfraCorp). Calls had been made...
Naira steadied at N485 per dollar on Monday at the black market the same rate it closed on Friday. However, at the Investors & Exporters (I&E)...
Emirates Airline has been suspended from operating in Nigeria following its refusal to follow the COVID-19 directive issued to the company. Emirate was informed by the...
Unemployment rate rose to 33.3 percent in the fourth quarter of 2020, a 6.2% point increase compared to 27.1% recorded as at second quarter 2020 the National Bureau of Statistics (NBS) said in its labour statistics...
The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, said Nigeria should improve its trade contribution globally and in Africa. She said Nigeria held a small...
Investors at the Nigerian Stock Exchange (NSE) lost N45.33 billion at the end of the trading activities on Monday. Activities ended at the bourse with equity...
The total number of Nigerians unemployed in the country rose to 23,187,389 (23.1 million) as at the fourth a quarter of 2020 from the 21,764,614 (21.7...
The Debt Management Office (DMO) has revealed that Nigeria’s total public debt as at December 31, 2020 now stands at N32.91 trillion. This represents an additional...
Covid-19 has had a huge impact on global health, wealth, and opportunity. While the death figures and economic impacts have been well documented, one consequence that...
Crude oil sells above $69 as it continues to respond positively to the agreement of Organisation of Petroleum Exporting Countries (OPEC) and its allies to maintain...
Last week, the Nigerian stock market recorded 21,732 deals, which saw 1.67 billion shares worth N23.54 billion exchanged hands. These figures reflect the market is in...
The National Petroleum Investment Management Services, (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation, (NNPC) has disclosed it incurred N126.17 billion expenses in January. Out...
The month of March saw Bitcoin hit one of its projections for the year, after surpassing the $60,000 mark on Sunday, March 14, 2021. The most...
The Department of Petroleum Resources (DPR) granted licences to 14 private investors to build refineries in the country last year. The agency disclosed this in its...
On Friday, Nigerians woke up to the news that the price of petrol in the country has been increased to N212.61 per litre. The increment was...
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...
Nestle S.A invested N3.69 billion into Nestle Nigeria to tighten its control at the Nigerian food and beverage company. The capital investment increased the Switzerland-based holdings...
During the just concluded trading week, over 1.67 billion shares worth N23.54 billion exchanged hands in 21,732 deals. This shows less activities occured in the capital...
Against the backdrop of epileptic power supply, manufacturers in Nigeria spent a total of N143 billion generating their own electricity in 2019 and 2020. The figure...
The Naira ended the week trading at N485 against the dollar, N5 or 1.04 percent lower, in the black market, when compared to the 480 it...
Investors in Nigeria’s stock market lost N25.47 billion following the plunge in the equity capitalization at the end of trading on Friday. The market closed with...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said the petrol price template published on Friday was only an indication of current market trends. In a...
Effective March 15, Nigerians, who make use of the Unstructured Supplementary Service Data (USSD) shortcode for financial transactions, may experience difficulties in carrying out their transactions....
The Securities and Exchange Commission (SEC) said Nigeria’s rising debt is a threat, but the Finance Minister of Nigeria, Zainab Ahmed, said the borrowing will continue...
The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) were...
Against all odds, Bitcoin continues to trade high while the Nigerian Stock Exchange (NSE) struggles to keep investors. The capital market in Nigeria has mostly been...
Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an...
