In a year largely turbulent for business and financial markets around the world, the Nigerian Stock Exchange (NSE) mercifully turned out an impressive return as market...
The Nigerian Stock Exchange (NSE) ended its last trading session of 2020 on an upbeat note as the year-to-date return hit N8.093 trillion or 50.03 percent...
The Debt Management Office (DMO) said on Thursday Nigeria’s public debt hit a total of N32.2trillion ($84.57billion) at the end of September. The DMO, which disclosed...
Global crude oil markets have shed around one fifth of their value this year as coronavirus-induced lockdowns hammered much of the world’s economy, but oil prices...
Foreign investors withdrew N433.15 billion worth of investment from the Nigerian equity market between January and November, compared to the N481.96 billion reported in the corresponding...
The European Union (EU) and China on Wednesday signed an investment pact that will provide European companies greater access to Chinese markets and help address what...
Nigeria’s external reserves contracted by $3.17 billion or 8.23% this year as proceeds from sales of crude oil, which provides more than 90% of its foreign...
When Nigerian businessman and philanthropist Tony Elumelu, in his keynote address before world leaders, at the 2019 Invest for Growth in Africa Conference in Paris argued...
The equity section of the Nigerian Stock Exchange (NSE) maintained its positive momentum on Wednesday as the market added N213.373 billion. Gains were largely driven by...
Oil prices advanced on Wednesday, boosted by a COVID-19 stimulus package in the United States and a decrease in crude oil stockpiles. Brent crude futures were...
Naira weakened across various segments of the currency market on Tuesday as commercial activities resumed following a two-day holiday observed on Friday and Monday in celebration...
The incidence of default on secured credit aggravated between October and December, with lenders expecting no improvement in the trend in the first quarter of 2021,...
Nigerian stocks are on track for their biggest annual yield since 2013 after the Nigerian Stock Exchange (NSE) bounced back on Tuesday from a loss posted...
Oil prices climbed on Tuesday, the third time in four trading sessions, on hopes of fuel demand recovery, as the U.S. drew closer to expanding its...
The gridlock at Lagos ports has deteriorated to a level that it can cost over $4,000 to truck a container 20 kilometres to the Nigerian mainland...
The Central Bank of Nigeria (CBN) has said it would charge investors protection fees on its non-interest asset-backed securities. In its recently issued draft framework of...
Last week, the Nigerian bourse reported gains Monday through Wednesday but saw a marginal loss on Thursday, with the week’s corporate actions and some technical factors...
Trump, whose administration is about to wind down, had initially said he would block the $2.3 trillion aid and spending package. Europe, in the meantime, teed...
The Nigerian Civil Aviation Authority (NCAA) said it would apply a fine of $3,500 on airlines for every passenger violating the new protocols on inbound flights...
The double whammy of coronavirus pandemic resurgence and sharp volatility of oil prices are the biggest impediments to Nigeria’s comeback to economic growth in the year...
The Association of Bureaux De Change Operators (ABCON) has urged the Central Bank of Nigeria (CBN) to make Bureau De Change Operators payout agents for foreign...
The Central Bank of Nigeria (CBN) has revealed in its latest Business Expectations Survey Report for December that the naira will likely shed value further in...
Hello, and welcome to the very last Business Roundup for the year. Here, we bring you highlights of events that happened during the week -from the capital...
Although, being a build up to the festive period with many tech startups closing their ventures for the year, notwithstanding, some companies, however, few compared to...
Nigerian stocks recorded significant appreciation this week, with the Nigerian Stock Exchange (NSE) adding N1.338 trillion amid investors’ surging interest in equities. Liquidity improved by 46...
Nigeria’s manufacturing sector contracted in the month of December after scraping a weak recovery in the month before, the Central Bank of Nigeria (CBN) said in...
The Central Bank of Nigeria (CBN) has withdrawn the licences of seven payment service providers in the country. The CBN made the proclamation on Thursday in...
Oil prices gained further on Thursday as a fall in the United States crude stockpiles boosted demand hopes, while signs of an imminent Brexit deal buoyed...
Naira strengthened against the United States dollar on the parallel market on Wednesday as banks strived to meet foreign exchange demand particularly for Personal Travel Allowance...
The Federal Government of Nigeria (FGN) Bond Auction for December, which was valued at N60 billion, was N70 billion or 220 per cent oversubscribed, data obtained...
Nigerian banks borrowed the sum of N1.7 trillion from the Central Bank of Nigeria (CBN) in the three months to September 2020, data obtained from the...
The equity section of the Nigerian Stock Exchange (NSE) sustained its bull run on Wednesday, with gains reported by Airtel Africa, BUA Cement, Nigerian Breweries, BOC...
The Nigerian Stock Exchange (NSE) has launched an online platform named, “X-PO” to ease the public offering process in the capital market after receiving a “no...
Oil prices fell on Wednesday following an industry report that revealed a surprise build in the United States crude oil stocks, and as President Donald Trump...
Investment in the Nigerian economy climbed to $3.95 billion in the third quarter with Kogi State accounting for $1 billion or 25 per cent to become...
The aggregate forex inflow to the Nigerian economy crumbled by 30.4% to $30.83 billion in the third quarter compared to the same period of 2019, the...
Pressure on the income of Nigerian households could hinder their investments in basic services such as education and health, the National Bureau of Statistics (NBS) said...
Nigeria’s humongous external debt servicing bill is standing in the way of moves by government to expand the economy, the Nigeria Employers Consultative Association (NECA) has...
The equity segment of the Nigerian Stock Exchange (NSE) continued its bull run on Tuesday, adding N235.304 billion, with Dangote Cement, Eterna, Cadbury, Zenith and UBA...
Oil prices fell towards $50 per barrel on Tuesday, compounding losses incurred on Monday, as a new coronavirus variant in the United Kingdom reignited worries over...
The equities market was bullish throughout last week as gains were recorded across trade sessions Monday through Friday, with the developments and other fundamental factors during...
Naira gained slightly against the United States dollar on Monday on the black market as the country’s foreign exchange reserves lost $437 million in the two...
The Nigerian Petroleum Development Corporation (NPDC), the main subsidiary of the Nigerian National Petroleum Corporation (NNPC) on Monday said it had begun operations at its Integrated...
The Nigerian economy will be much weaker if the prices of goods and services, or cost of living, keep rising, data from the Central Bank of...
Dangote Cement Plc Monday said it would next week commence the first phase of the plan to buy a portion of its ordinary shares back from...
The Nigerian Stock Exchange (NSE) posted further gains on Monday with the market capitalisation rising by N333.797 billion on the back of gains in heavyweight stocks...
Oil prices fell by over three percent on Monday as a rapidly spreading new COVID-19 strain that has shut down much of the United Kingdom triggered...
The Central Bank of Nigeria (CBN) confirmed on Sunday that the Federal Government recorded a fiscal shortfall of N1.29 trillion in the third quarter (Q3) of...
Nigeria failed to generate 10,106.8 Megawatts (MW) of power last week due to various limitations ranging from gas constraints to poor transmission and distribution infrastructures. Data...
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of liquidating 42 microfinance banks, whose licences were recently revoked by the Central Bank of Nigeria...
