The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Friday the Federal Government has no plans to introduce new taxes or increase the...
The equity capitalisation of the Nigerian Stock Exchange (NSE) declined by N170.662 billion on Friday, continuing days of intense profit-taking as traders scrambled to sell off...
The International Monetary Fund (IMF) said on Friday said Nigeria’s economic output would recover to its pre-COVID-19 level by 2022. The IMF said in a statement,...
Oil prices dipped on Friday but were on course for the sixth consecutive of gains, as the rollout of COVID-19 vaccinations boosted the optimism that fuel...
The World Bank will Monday review an application for a total sum of $1.5 billion by Nigerian states. Shubham Chaudhuri, World Bank’s country director for Nigeria,...
The Security and Exchange Commission (SEC) and shareholders have faulted the Nigerian government’s bid to take control of investors’ unclaimed dividends and dormant funds in bank...
The Central Bank of Nigeria (CBN) has approved new minimum capital requirements for payment service providers and other financial institutions in the country in a bid...
Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for personal gain, a documentary in the Netherlands has reported. Dutch...
The Nigerian government Thursday said it had halted the proposed retrenchment of 300 staff of Arik Air. Musa Nuhu, the director-general of the Nigerian Civil Aviation...
The Nigerian Stock Exchange (NSE) extended loss for a fourth day on Thursday as profit-taking in mid and large-cap stocks led the market towards the negative...
An average Nigerian might witness a reversal of decades of economic growth and the country might slip into its worst depression since the 1980s in the...
The Federal Government on Thursday directed that the Nigerian Communications Commission (NCC) put in place measures to effect more than 50 per cent reduction in data...
Oil price climbed past $49 per barrel on Thursday, with the optimism of a quicker rebound in demand after the rollout of COVID-19 vaccines moderated a...
The Nigerian Maritime Administration and Safety Agency (NIMASA) has refuted the claim that it grants waiver to foreign shipping companies operating in Nigeria and an allegation...
More than 600 maritime workers at the Onne seaport Wednesday closed down operations at Intels Nigeria Limited over the dismissal of a number of staff in...
The Nigerian Stock Exchange (NSE) recorded more loses on Wednesday as negative sentiments persisted, causing profit-taking in a number of stocks. The Insurance Index was the...
The Nigerian Communications Commission (NCC) has ordered mobile network operators to instantly suspend the sale and activation of new Subscriber Identification Module (SIM) cards in order...
Naira devaluation against other currencies around the world could weigh on loans sourced in foreign currencies and, in so doing, weaken the capital base of banks,...
Naira weakened slightly against the United States dollar on the black market Tuesday, changing hands at N483 as Nigeria’s foreign exchange reserves declined by $452 million...
Nigerian banks are in danger of recording weak earnings this year as the coronavirus pandemic weighs on operations, investment banking firm Afrinvest Securities Limited said on...
The Nigerian Stock Exchange (NSE) extended loses on Tuesday as profit-taking in mid-cap equities, especially bank stocks, caused the market to end in the negative territory....
Ripples Centre for Data and Investigative Journalism: Advancing a free press in Africa The Ripples Centre for Data and Investigative Journalism (RCDIJ), a non-profit sister organisation...
Oil prices declined on Tuesday, compounding losses recorded at the previous session that came as California made its pandemic lockdown measures stricter through Christmas and coronavirus...
The amount of money lost to corruption in Africa every year is substantial enough to supply the continent with 24-hour unflinching electricity for three years, the...
The Nigerian government has begun an assessment of the country’s investment policy with a view to promoting investments especially in the Micro, Small and Medium Enterprises...
The Federal Government on Monday said it would go ahead with its planned airport concession despite widespread opposition to the plan. The Minister for Aviation, Hadi...
Nigeria’s trade deficit, which gauges the value at which the country’s imports exceeds its exports, stood at N2.388 trillion at the end of the third quarter...
The Nigerian Stock Exchange (NSE) closed trade in the negative territory on Monday as investors put up a huge volume of shares up for sale, causing...
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has affirmed that Nigeria must give considerable focus to productions to expand the economy. Emefiele stressed that the...
The value of online food market in Africa’s most populous nation could hit $142 million (N66.740 billion at parallel market rate) before the year winds down,...
Oil prices inched lower on Monday as a persistent rise in coronavirus infections around the world spurred a number of renewed lockdowns as well as new...
Airlines in the Nigerian aviation industry might be compelled by circumstances to embrace merger as a result of the impact of the covid-19 pandemic on business,...
Guaranty Trust Bank (GTB) has received the nod of shareholders to transform to a holding company. GTB disclosed in a statement on Sunday titled, ‘Shareholders Approve GTBank’s ...
The Nigerian Bulk Electricity Trading (NBET) said on Sunday the country’s power distribution companies (Discos) failed to clear the N416.94 billion incurred for electricity purchased from...
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...
Nigeria, during the week, recorded new rise in its investment opportunities as CcHub added to its initial investment inventory in furtherance to its ambition to provide...
Nigeria loses $1.9 billion every to foreign ship owners, Hassan Bello, the chief executive of the Nigerian Shippers Council (NSC) and chairman, Nigerian Fleet Implementation Committee...
Trade volume was 7.8% weaker on the Nigerian Stock Exchange (NSE) this week even though the rate of decline was lower than that of the week...
The Nigerian Stock Exchange (NSE) rallied on Friday, with gains in oil and gas stocks like Mobil and Ardova driving the rebound while Airtel, Zenith Bank,...
Oil prices advanced by nearly 2% on Friday, approaching a fifth successive week of gains, with key producers consenting on a compromise to extend some cuts...
Arik Air has sacked over 300 workers following the Covid-19 pandemic that practically shut down the aviation industry in Nigeria for many months. The affected workers...
Ecobank Transnational Incorporated (ETI) has announced an 87% fall in profit after tax for the nine-month period to September 2020 as impairment losses and other losses...
The difference between the official exchange rate of naira to the U.S. dollar and that of the parallel market tightened to its smallest in three weeks,...
The Central Bank of Nigeria (CBN) said it was looking to attract $2 billion in diaspora remittances from Nigerians abroad as the country’s foreign exchange reserves...
In a bid to proffer solution to the challenges of pension administration in Nigeria, the Federal Government of Nigeria has inaugurated 16 members of the National...
Nigeria incurs $12 billion in post-harvest loss every year in its agriculture industry on account of poor transportation system and storage infrastructures among other factors, the...
Trading in the equity segment of the Nigerian Stock Exchange (NSE) on Thursday ended in the negative as sell pressure on blue-chip stocks led by GTB,...
Oil prices dropped on Thursday as producers comprising Saudi Arabia and Russia deliberated over the necessity of prolonging current output cuts introduced during the first wave...
Nigeria’s former minister of petroleum, Dan Etete, Wednesday said the transaction involving the sale of one of the country’s oilfield to oil supermajors, Shell and Eni,...
The Central Bank of Nigeria (CBN) has introduced special bills aiming to consolidate the nation’s financial markets and make capital more available to lenders. The CBN...
