The Federal Government, States and Local Government Councils on Thursday shared N640.310 billion as revenue allocations for January. The Director of Information, Ministry of Finance, Budget...
Investors at the Nigerian Stock Exchange (NSE) traded a total turnover of 1.541 billion shares worth N18.235 billion in 22,752 deals, against last week’s 2.683 billion...
The week can best be described as the big comeback week with how Jeff Bezos reclaimed the title of world’s richest man, displacing rival and tech...
Low-interest payment drove Nigerian corporates in 2020, to raise a record level of N1.114 trillion debt from the capital market, data obtained from the Securities and...
Bitcoin has taken its bullish run above the $55,000 mark in the last 24 hours. Bitcoin, the most popular of the cryptocurrency, traded at $1 in...
Investors confidence in the Nigerian stock market remain low as the bourse continued its bearish run with the equity capitalization standing at N21.025 trillion at the...
Fidelity Bank is set to acquire a debt of N41.2 billion as its unsecured subordinated bond received 100% subscription. The bond is exchanged for credit which...
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to take tough but necessary policy choices, to be able to improve on its revenue...
As Chemical and Allied Products (CAP) Plc nears acquisition of Portland Paints and Products Nigeria Plc, both companies have undergone their court-ordered meeting, as they reach...
On Thursday, the National Bureau of Statistics (NBS) released Nigeria’s Gross Domestic report to show how the economy had fared in 2020. While some sectors recorded...
Changpeng Zhao, the founder of the largest cryptocurrency exchange in the world, Binance, has faulted competitors for overlooking BNB (binance coin), and not listing it on...
The National Bureau of Statistics (NBS) announced earlier on Thursday that Nigeria’s economy has exited recession following the fourth quarter 2020 Gross Domestic Product (GDP) growth...
Nigerian banks have been instructed to open dollar accounts for their customers immediately they receive deposit requests from International Money Transfer Operators. WorldRemit- an International Money...
Nigeria’s Gross Domestic Product (GDP) grew by 0.11% in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters. In...
The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria (CBN) two weeks after the CBN directed banks to close accounts...
Nigeria’s external reserves plunged to $35.633 billion despite strong run of oil price, with the country shedding $565 million. As the country’s external reserves dip, Nigeria...
The Central Bank of Nigeria (CBN) in the first half ended June 2020, injected a cumulative sum of $10.31 billion to cushion demand pressures and ensure...
The number of millionaires have increased, thanks to Bitcoin, following the surge in the most popular cryptocurrency, which started in mid-December 2020. The increase in bitcoin...
Between January and September 2020, 11 banks listed on the Nigerian Stock Exchange (NSE) generated a total of N42.8billion or N4.7 billion monthly, from account maintenance...
The Federal Government has explained that the $1.2 billion to be borrowed from Brazil will help boost Nigeria’s agricultural sector under what it called the Green...
The mandate of the World Trade Organisation (WTO) seems relatively straight-forward to achieve on the surface —to make and enforce the rules of the road for...
Justice Oluremi Oguntoyinbo of the Federal High Court, Lagos, on Wednesday granted an interim Mareva injunction known as a freezing injunction directing commercial banks to block...
The Naira depreciated against the dollar to close at N478/$1 at the black market on Wednesday, data posted on abokiFX.com, a website that collates parallel market...
Investors lose over N15.19 billion at the close of trading on the floor of the Nigeria Stock Exchange (NSE) on Wednesday. The equity capitalisation closed at...
A member of President Muhammadu Buhari’s economy advisory team, Bismarck Rewane, has faulted the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency transaction...
Lasaco Assurance Plc is undergoing share reconstruction, and the process has taken longer than planned for. The delay in completing the share reconstruction and the exercise...
For two days straight, Bitcoin has shown that breaking the $50,000 mark is no longer a hard task, as it matched and surpassed its Tuesday effort...
Life is getting tougher for Nigerians, and for a breadwinner on N30,000 minimum wage, the hardship is clearly tougher. On Tuesday, Inflation hit 16.47 percent, the...
The new Director-General of World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, on Tuesday charged the African continent to take advantage of e-commerce and value addition processes...
The Minister of Power, Sale Mamman, said on Tuesday the Federal Government spends over N50 billion monthly on electricity. The minister, according to a statement issued...
Bitcoin finally surpassed the $50,000 mark after several weeks. The surge in Bitcoin valuation is the first time in recent months that it will rise without...
Trading on the floor of Nigerian Stock Exchange (NSE) closed on Tuesday with investors losing N40.47 billion. The equity capitalization at the market closed at N21.18...
A member of President Muhammadu Buhari’s economic advisory team, Bismarck Rewane, has faulted the Nigerian Bureau of Statistics (NBS) report on the inflation released on Tuesday....
Bismarck Rewane, a member of President Muhammadu Buhari’s economic advisory team, has advised the Central Bank of Nigeria (CBN) on steps to take to temper the...
The Nigerian government is in the process of setting a new trade policy that would decide the country’s trade relations with African countries and global economies,...
On the back of rising electronic transactions, bank customers recorded a loss of N5.02 billion between January and September 2020 in 41,979 fraud-related incidences representing 91...
Ngozi Okonjo-Iweala, the newly appointed Director-General of the World Trade Organisation (WTO) has revealed four issues she intends to tackle and things she hopes to achieve...
Nigeria’s inflation rate has risen to 16.47 percent with an increase of 0.71 percent between December 2020 and January 2021. The January figure represents a consecutive...
The stock market closed trading on a high on Monday as investors gained N68.96 billion during trading. Trading on the floor of the Nigerian Stock Exchange...
The newly appointed Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has expressed delight on her appointment to lead the 164-member organization. Okonjo-Iweala, who reacted...
Investment and Securities Tribunal has barred Nigerian investment startup, Chaka Technologies, from operating, ordering Chaka to register under the Securities and Exchange Commission (SEC) if it...
The Central Bank of Nigeria (CBN) on Sunday published its long awaited economic report for November of 2020; Here are Ripples Nigeria picks on key economic...
Last week, the Nigerian Stock Exchange (NSE) underperformed, with the decliners rising above the gainers. However, despite the lose to investors, some companies caught the eye...
A new research has revealed that on the average Nigerians spent N11,440 ($34) on gifts for their loved ones to celebrate 2021 Valentine’s Day. The research...
The Bureau of Public Enterprises (BPE) on Sunday listed some Federal Government’s enterprises for concession. The BPE Head of Public Communications, Amina Othman, in a statement...
The Department of Petroleum Resources (DPR) has dismissed claims that Shell Petroleum Development Company (SDPC) under-reported two million barrels of crude in its oil production records...
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 not forgetting the tech/economy build...
Bitcoin Whale has moved thousands of Bitcoin, according to a cryptocurrency analytic tracker, Bitcoin Block Bot. Bitcoin whales are known as the largest holders of Bitcoin...
The Department of Petroleum Resources (DPR) has dismissed claims that Shell Petroleum Development Company (SDPC) under-reported two million barrels of crude in its oil production records...
Nigeria, Africa’s largest economy, had last year incurred an additional N14.5 trillion debt. This followed the decision of the Central Bank of Nigeria to convert the...
