Value Added Tax (VAT) taxpayers, failing to meet their payment obligations within the stipulated window, will face the sanction of having the payable amount upped from...
The Nigerian Stock Exchange (NSE) had its latest bull run come to a halt on Wednesday as profit-taking in the shares Nigerian Breweries, CAP, GTB and...
The Nigerian government’s auto conversion initiative, which aims to change the power source of one million vehicles from petrol to autogas in the next one year,...
Oil prices edged lower in early trading on Tuesday but later scaled some of the losses after reports that the United Kingdom had emerged the first...
Naira strengthened on black market on Tuesday, exchanging at N490 for the United States dollar, following an announcement of the Central Bank of Nigeria (CBN), permitting...
The Central Bank of Nigeria, (CBN), has insisted that the frozen accounts of #EndSARS campaigners on the orders of Justice Ahmed Mohammed of the Federal High...
President Muhammadu Buhari has dispatched the Finance Bill 2020 to the National Assembly for review and legislative assent. Senate President Ahmad Lawan and Femi Gbajabiamila, speaker...
A hundred and thirty-eight small scale miners requested an aggregate sum of N14.6 billion in credit from the Nigerian government to fund mining activities across Nigeria,...
Banks in Nigeria run the risk of larger impaired loan portfolio in the year ahead, stoking the fear of steep deterioration in the asset quality of...
The Nigerian Stock Exchange (NSE) posted further gain on Tuesday with the market capitalisation rising by N55.167 billion on the back of gains in heavyweight stocks...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Tuesday it would be more economical to power vehicles with autogas than Premium Motor Spirit...
The Nigerian government Tuesday rolled out the national gas expansion programme, which sought to deepen the penetration of gas an alternative to petrol, with the Nigerian...
The Socio-Economic Rights and Accountability Project (SERAP) and Human & Environmental Development Agenda Resource Centre (HEDA) are now at liberty to sue the Central Bank of...
Despite the fact that cryptocurrency has only been around for a short time, it’s already expanded into a wide, convoluted field that can be complicated to...
A Lagos Federal High Court will Tuesday hear an application by Jimoh Ibrahim, chairman and chief executive officer of Global Fleet Group, seeking a reversal of...
Recipients of diaspora remittances via international money transfer operators will henceforth receive such inflows in foreign currency as the Central Bank of Nigeria (CBN) moves to...
A total of 4,500 transport operators in each state of the country now have the chance to benefit from the Micro, Small and Medium Enterprise (MSME)...
The equity section of the Nigerian Stock Exchange (NSE) closed on an upbeat note on Monday following gains recorded in the shares of Airtel Africa, MTNN,...
The Central Bank of Nigeria (CBN) has weakened the local currency for the third time in 2020, while striving to curb dollar demand in the face...
Nigeria has enjoined the Organisation of the Petroleum Exporting Countries (OPEC) to rethink the consequences of deep production cuts on member countries as OPEC and allies...
The Nigerian bourse recorded gains throughout last week save for Monday, with the corporate actions of the week and some technical factors informing Ripples Nigeria Stocks...
Oil prices dipped on Monday over investors’ uncertainty of the outcome of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies...
FCMB Group Plc said its after-tax profit for the 9-month period to September grew by 29%, relative to the same period of last year as improvement...
The Transmission Company of Nigeria (TCN) said on Sunday the nation’s power grid experienced multiple tripping, leading to the collapse of the system. TCN’s General Manager,...
Several parts of Nigeria were plunged into darkness on Sunday following the collapse of the country’s power grid. Two of the country’s power distribution firms, Eko...
Nigeria has brokered a deal with La Mancha Resources Inc., a Luxembourg-incorporated private gold developer and miner, to produce the metal on a commercial scale in...
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 Governor of Central Bank of Nigeria (CBN, Godwin Emefiele, said on Friday the country could exit recession by the first quarter of 2021. Emefiele, who...
Young Ifeoluwa got the attention of the world after emerging as a star robotics engineer at age 11 with his agro solution design. Another interest is...
The Manufacturers Association of Nigeria (MAN) Friday said members were losing their share of the African manufacturing industry to other countries on the continent on a...
Nigeria’s foreign exchange reserves, which come to $35.4 billion, are adequate to meet import needs and services for seven months, Godwin Emefiele, the Central Bank of...
Increasing optimism in Nigerian stocks delivered both a 2.2% or N390.257 billion rise in market capitalisation this week and upped the yield on investment of 29.97%...
Shares in MTNN, Unilever, Fidson, NAHCO and FBN Holdings largely accounted for the N43 billion gain on Friday as the market extended its bull run. The...
Stanbic IBTC Holdings Plc Friday said it now had in place the go-ahead of regulatory authorities to complete a diversification process that would birth a new...
The Nigerian government has met the precedent conditions for a $1.5 billion budget-support credit from the World Bank and, in so doing, approaches the consummation of...
Shell Petroleum Development Company, the Nigerian operations of oil supermajor, Royal Dutch Shell, Friday had its request to revisit a verdict of 11th January 2019, directing...
Oil prices weakened on Friday in quiet trade on account of the United States Thanksgiving holiday, falling amid glut fears and reservations about a vaccine to...
Cocoa exporters in the country are battling enduring delays in exporting their produce following the Central Bank of Nigeria (CBN)’request for further documentation to ensure proceeds...
The Nigerian National Petroleum Corporation (NNPC) Thursday presented its budget to the House of Representatives, marking the first time the state-owned firm would do so in...
Company Income Tax (CIT) collection by the Nigerian government contracted by 20.13% in the third quarter when set beside what was reported in the same period...
The Nigerian Stock Exchange recorded a modest gain on Thursday as trade volume fell significantly compared to Wednesday level. Mobil, Guinness and GTB accounted mostly for...
Oil slid from its peak levels in seven months on Thursday, with intimations of larger production contributing to end a rebound fuelled by the hope that...
African Development Bank (AfDB) has given the nod for the sum of $25 billion to be invested in agriculture in Nigeria and four other countries on...
Nigerian banks foraying into new markets across Africa or branching out into other financial services will be more protected from headwinds than they were in the...
Africa’s biggest oil producer could save about $5 billion in foreign exchange every year via increasing local capacity for refining, energy firm Waltersmith Group has said....
Pressure from buyers of bellwether stocks including Airtel, Dangote Cement, Flour Mills and Julius Berger catapulted them to the forefront of top gainers’ list, driving gains...
On Day 1 of the just-concluded 26th Nigerian Economic Summit (#NES26) organised by the Nigerian Economic Summit Group (NESG), Chidi Ajaere, Chairman of The GIG Group,...
Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele,...
Italian energy firm Eni has declared a force majeure (FM) on exports of Nigerian Brass River crude oil after pipeline blasts in Bayelsa State, Reuters reported...
Global airlines could report losses summing up to $118.5 billion this year as the aviation industry battle headwinds from the coronavirus pandemic and fast diminishing revenue...
