The National Pension Commission (PenCom) has disclosed that total assets under the Contributory Pension Scheme had risen by N184.68bn in the third quarter of 2020. In...
The stocks of Elon Musk’s-owned fast-rising electric vehicle company, Tesla, has overtaken those of Facebook by market capitalization at the most recent trading session, becoming the...
Mr Tayo Ayeni, a former chairman of the defunct Skye Bank (now Polaris Bank), has accused his business partner, Captain Hosa Okunbo, of mismanagement, stealing and...
The government of Gombe State has said that it generated the sum of N8.4 billion in Internally Generated Revenue (IGR) for the year 2020. This 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 mainstream...
With Elon Musk emerging as the world’s richest man, displacing Amazon founder Jeff Bezos; the week goes down in history as a significant week where tech...
The Federal Government has made plans to replace the collection of stamp duty with an electronic bank transfer after the Court of Appeal outlawed the duty...
The pressure of profit-taking on Nigerian stocks set in motion the first weekly loss of N537.088 billion in the market value of companies on the Nigerian...
The Nigerian Stock Exchange (NSE) closed Friday’s trade in the red, reversing all the grounds gained so far this year as sell pressure on industrial stocks...
Nigeria’s energy firm, Lekoil, will on Friday vote to increase members of its board by three following a fierce conflict between its founder and majority shareholder....
The Nigerian Stock Exchange (NSE) has suspended Thomas Wyatt Nigeria Plc for failing to adhere to extant corporate governance practices that require quoted companies to submit...
The Board of Directors of PZ Cussons Nigeria Plc has proposed the payment of N397 million as dividends to shareholders of the company who currently hold...
The sustained bullish trend that has characterized the Nigerian Stock market since the beginning of the year continued as the All-Share Index (ASI) rose by 0.31...
Latest data from the Nigerian Bureau of Statistics (NBS) has revealed that a total of N9.28tn was spent on the importation of manufactured goods into the...
Nigeria and other developing economies as well as emerging markets will likely report a 5% growth this year even though output is expected to be subdued...
The maverick chief executive of Tesla, Elon Musk, has overtaken Amazon chief, Jeff Bezos, as world’s richest person after shares in the electric car company he...
The Transmission Company of Nigeria (TCN) said on Thursday the country has recorded an all-time power generation peak of 5,552.8 megawatts. The TCN General Manager, Public...
The Federal Government on Thursday directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the new adjustment made recently on electricity tariff, in the country. NERC...
Access Bank Plc said it had acquired Zambia-based Cavmont Bank Limited through Access Bank Zambia Limited. The takeover, a product of the lender’s satisfaction of major...
The Nigerian Stock Exchange (NSE) will have its three surviving entities, birthed by the just completed demutualisation exercise, headed by individual chief executive officers, the national...
The Nigerian government has concluded plans to borrow from unclaimed dividends and funds in dormant account balances of Deposit Money Banks. This is as contained in...
The Federal Government has suspended the deduction of 7.5 per cent Value Added Tax (VAT) on airfares and other air transport services with effect from January...
The Nigerian National Petroleum Corporation (NNPC) is in negotiation with oil traders to source $1 billion in advance for crude oil payment to revamp its largest...
Nigerian single-point financial service and payment solution provider, Aella App, is working with Amazon Web Services, Inc. (AWS) to empower unbanked Nigerians through quick access to...
Multinational professional service firm, PriceWaterCooper (PwC) has predicted that Nigeria and other oil-producing countries in Africa will lose an estimated $1tn in oil export revenues over...
The Nigerian Stock Exchange (NSE) bounced back on Wednesday, partly reversing Tuesday’s loss as investors’ hunger for mid-cap stocks dominantly drove recovery. The day’s positive show...
Oil prices climbed to their peak in 11 months on Wednesday, following Saudi Arabia’s decision to slash output to a lower-than-expected level during talks between the...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said on Wednesday the Federal Government planned to repay a $500million Eurobond with funds raised from...
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday urged the Federal Government and electricity distribution companies (DisCoS) to work out an effective electricity pricing...
The Nigerian Maritime Administration and Safety Agency ( NIMASA) said on Tuesday the Badagry deep seaport project would transform Nigeria into a West African maritime hub....
The World Bank said on Tuesday a weak fiscal base, poor investments and a host of other factors would speed up a subdued growth in the...
The embattled Managing Director of First City Monument Bank (FCMB), Adam Nuru, has been forced to proceed on leave as the bank begins probe into the...
Trading on the floor of the Nigerian Stock Exchange (NSE) recorded the first loss of the year Tuesday as sell pressure on some of the most...
Nigerian Electricity Regulatory Commission (NERC) has denied approving a 50 percent increase in electricity tariffs. NERC made the denial in a statement on its Twitter handle...
Nigerians are in for another tough year after the Nigerian Electricity Regulatory Commission (NERC) approved a new increase in electricity tariff with effect from January 1....
Oil prices were mixed on Tuesday as an impasse in output talks between key crude producers regarding changes to February supply forced the Organisation of the...
Shares of the First City Monument Bank (FCMB) posted a six per cent loss on the first day of trading on Monday, January 4. The institution...
BUA Cement said it had concluded the raising of N115 billion debt from investors through its Series 1 Fixed Rate Senior Unsecured Bond issue under its...
10 power plants representing more than one third of the 29 Nigerian power plants were inactive on Monday by reason of dearth of gas supply and...
Government needs to brace up for tough policy decisions including the defence of the Nigerian economy against external and fiscal instabilities in order to restore growth...
Trading on the Nigerian Stock Exchange (NSE) opened for the New Year on Monday, with stocks in industrial and consumer goods propelling a N458.394 billion rise...
The Nigerian government has reportedly distributed a N4billion bailout among 18 scheduled and non-scheduled carriers operating in the nation’s aviation country. One of the requirements for...
Oil prices hit their highs in many months on Monday amid hopes that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will limit supply...
Much as it was fraught with many socio-economic upheavals as diverse as the coronavirus pandemic, an oil crash, a prolonged forex liquidity squeeze and the #EndSARS...
Nigerian banks have declared the commencement of a new cheque policy set in motion by a Central Bank of Nigeria (CBN) directive, that demands the incorporation...
Vitafoam Nigeria Plc said its after-tax profit for the year ended 30 September 2020 grew by 72% to N4.108 billion as improved revenue and lower cost...
Last week, the Nigerian Stock Exchange ran only three trading sessions on account of two public holidays, with the corporate actions and developments during the week...
Hello, and welcome to the very first Business Roundup for the year. Here, we bring you highlights of events that happened during the week -from the capital...
Entering into the new Gregorian year of 2021, the tech sector, unlike other major sectors, doesn’t seem to observe a break as the last day of...
The Artisan Fishermen Association of Nigeria (ARFAN) is seeking the intervention of the Nigerian government in getting Shell Nigeria Exploration and Production Company to pay a...
