Nigerians – both users and startups – involved in cryptocurrency will lose out on a new Bitcoin investment which Twitter founder, Jack Dorsey and American rapper,...
The stock market dip at the end of the week, with investors losing N300 billion as the equity capitalisation ended trade with N21.15 trillion on Friday,...
Ecobank’s $300 million bond which will be listed on the London Stock Exchange (LSE) has been oversubscribed by foreign investors during the marketing of the transaction....
Nigeria’s minister of finance, budget and national planning, Zainab Ahmed, said the Federal Government is drafting a Strategic Growth Revenue Initiative (SGRI) 2.0 to improve Nigeria’s...
Nigeria’s Securities and Exchange Commission (SEC) has stated that the regulation of cryptocurrency falls under its authority following the clampdown on Bitcoin and other digital assets...
In 2020, the total amount shared from the Federation Account Allocation Committee (FAAC) to the three tiers of government and revenue collecting agencies were N7.33 trillion,...
The Federal Government on Thursday said that the National Identity Number (NIN) is now compulsory for the opening of bank accounts, payment of taxes and voter...
The repatriation of more than 46,000 Nigerian refugees, mostly from Borno who fled to Cameroon due to insurgency, is to begin on Feb. 27. Malam Isa...
The Nigerian stock market rebounded from three consecutive days’ losses as investors gained N170 billion at Thursday’s trading. At end of the day’s trading, equity capitalisation...
Business outlets are counting their losses as Nigerians dim the lights on this year’s Valentine’s Day celebration, a day set aside for lovers across the world...
The Senate on Thursday summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, over the ban of cryptocurrency transactions in the country. The upper legislative...
The capital inflow to the financial sector in 2020 Full Year was largely dominated by foreign-owned banks, with Nigerian-owned banks playing second fiddle in the quest...
The Central Bank of Nigeria (CBN) has advised commercial banks to always accept the Machine Readable Convention Travel Document (MRCTD) issued by the Nigeria Immigration Services,...
Binance has made a way round the ban on cryptocurrency by the Central Bank of Nigeria (CBN). The world’s largest cryptocurrency exchange platform said it has...
DMO reveals approval of new debt management strategy 2020-2023 by FEC The Federal Executive Council (FEC) at its meeting on Wednesday, February 10, approved a new...
Nigeria’s local law will affect the adoption of bitcoin and other cryptocurrencies by Mastercard, as the international credit card company announced that it will include cryptocurrency...
Out of 25 Nigerian banks that competed for capital importation, five banks recorded zero investment from foreign investors. Nigeria’s financial institutions recorded $9.68 billion in 2020....
The Debt Management Office (DMO) said on Wednesday the Federal Government planned to increase its concessionary long-term loans from home and abroad to finance budget deficits...
Nigeria recorded the lowest Diaspora remittances for the first time since 2013 as COVID-19 affected the income of Nigerians living abroad. According to Central Bank of...
Few months after Heineken invested over N200 million in Nigerian Breweries, the Dutch company plans to sack 8,000 workers across its markets. Heineken decided to cut...
The Federal High Court has backed the charges placed on current account maintenance by the Central Bank of Nigeria (CBN). The CBN had issued a directive...
Ten Nigerian banks lend N14.36 trillion to retail and corporate customers in nine months 2020, with nine banks increasing their loans to both segment of customers,...
Nigeria’s stock market continued to plunge after the All-Share Index (ASI) dropped to 54.15 basis points on Tuesday. Trading on the floor of the Nigerian Stock...
The International Monetary Fund (IMF) has stated that Nigeria is at a critical point, with the country’s economy projected to record a sluggish growth following its...
The International Monetary Fund (IMF) has projected that for every N100 earned in 2021, Nigeria will be spending N60 servicing its fast-growing debts. This was revealed...
The International Monetary Fund (IMF) on Monday urged the Central Bank of Nigeria (CBN) to stop financing the Federal Government’s budget deficits in order to stop...
The Nigerian bourse dipped at the close of trading on Monday following a decline in the stock market capitalization. Activities at the stock market ended with...
The data war between the network providers in Nigeria is getting more intense. However, it ended with Airtel Nigeria, MTN Nigeria and 9mobile making the losers’...
One of Africa’s largest food and infrastructure conglomerates, BUA Group, has acquired one million doses of AstraZeneca COVID-19 vaccines for Nigeria. The company, which disclosed this...
Nigeria’s Naira is one of Africa’s low-performing currencies so far in 2021 after dropping 2.85 percent of its value against the United States dollar in the...
Two days after the Central Bank of Nigeria (CBN) banned cryptocurrency, the Tesla founder, Elon Musk, has thrown his weight behind Bitcoin. There have been debates...
February is the month of love, but investors seem to have none for Access Bank at the stock market as Ripples Nigeria discovered one week-long sell-off...
The National Bureau of Statistics (NBS) on Friday last week, revealed that Nigeria’s Foreign Direct Investment (FDI) recorded a drop by 59.65 percent in 2020 to...
In one day, Nigerian government, through the Central Bank of Nigeria (CBN) strangled the budding cryptocurrency market in the country, and this decision has sucked the...
The Nigerian Stock Exchange was mostly bearish last week, as investors across several companies engaged in a sell-off to protect their profit, while others dumped shares...
The GIG Logistics delivery app, GIGGo version 2.2.3, continues to enchant users since its first launch into the market in 2019 as a delivery console. With...
The Central Bank of Nigeria (CBN) said on Sunday it would continue to educate Nigerians on the danger associated with cryptocurrency transactions despite criticism by groups...
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.43billion in November last year. The figure was a 54 percent increase from N8.71billion surplus...
Sterling Bank and Prestige Assurance have both barred their directors and employees from trading in their companies shares at the stock market. The ban, according to...
The decision of the CBN, on Friday, February 5, to issue a mandate to all commercial banks regarding the embargo on the transactions of crypto-currency elicited...
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 first week of February wasn’t good for the Nigerian capital market as the Nigerian bourse lost N300 billion in market capitalisation having opened the week,...
The week ended on a high note, with tension across the tech space when, on Friday, the Central Bank of Nigeria announced the henceforth banning of...
The World Bank has approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distribution companies. The...
Changpeng Zhao, the founder of the largest cryptocurrency exchange platform in the world, Binance, has provided options on how Nigerians can safeguard their money following a...
The Nigerian Electricity Regulatory Commission (NERC) said on Friday 62.63 percent of electricity consumers in the country were on estimated billing as of September 2020. NERC...
The bearish run in the Nigerian capital market continued on Friday as the trading floor on the Nigerian Stock Exchange (NSE) was flooded with profit-taking investors....
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, who announced this in a circular dated February 4, said the airline was suspended...
Twenty six states in Nigeria including Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, and 10 other...
The volume of capital imported into Nigeria in 2020 dropped by 59.65 percent in 2020 dropping from $23.99 billion in 2019 to $9.68 billion in 2020....
