The total credit granted by lenders to support the economy from the end of August to 13th November advanced from N19.33 trillion to N19.54 trillion, equivalent...
The Nigerian Stock Exchange rebounded on Tuesday from a bull run that dominated trade for days, supported by appreciation in bank stocks, with N114.444 billion rise...
The National Bureau of Statistics (NBS) said on Tuesday the prices of some major selected food items increased last month. In its report on Food Price...
The Central Bank Nigeria (CBN), rising from its 276th Monetary Policy Committee (MPC) meeting on Tuesday, retained the benchmark interest rate, at which it lends to...
Global oil demand will scale up by 6.2 million barrels per day (mbpd) per day next year as national economies gradually find recovery from the headwinds...
Vice President Yemi Osinbajo Monday provided the Federal Government’s response to the criticism of the government’s recent reversal of the policy on 35 percent levy on...
Naira weakened against the United States dollar on Monday on the over-the-counter spot market segment of the currency market, called the Investors and Exporters (I&E) forex...
The market was dominantly bearish last week as losses swept across trade sessions Monday through Friday save for Wednesday, with the developments and other fundamental factors...
Nigeria’s per capita income, which gauges the average sum of money earned per person in the country, may touch its weakest level in four decades as...
President Muhammadu Buhari will Tuesday inaugurate the 5000 barrels-per-day (bpd) Waltersmith Modular Refinery in Ibigwe, Imo State and also conduct the ground breaking for a separate...
The downturn in the Nigerian equity market continued on Monday, with sell pressure on heavyweight bank stocks, comprising Access Bank, Zenith, UBA, FBN Holdings and GTB...
Nigerian billionaires and large businesses are committing enormous cash into Africa’s biggest economy despite the harsh investment climate to draw foreign investors as the nation slips...
Oil prices climbed by over one percent on Monday, sustaining the gains recorded in the week that just went by as traders targeted a swift recovery,...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, expressed optimism on Monday that Nigeria would exit recession soon, raising hopes that Africa’s biggest economy...
The Association of the Bureaux De Change Operators of Nigeria (ABCON) said on Sunday speculative practices in the currency market would heap more pressure on the...
The Nigerian LNG (NLNG) Limited said on Friday its Train 7 gas infrastructural expansion project would source at least 55 percent of its labour equivalent in...
The credit rating agency, Moody’s said on Sunday Nigeria would require over $3 trillion investment over the next three decades to bridge a yawning infrastructure gap...
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 news on products launch and startup expansion taking over the tech landscape this week, the country is, perhaps, on a ride to technological transformation. Today,...
The Nigerian Employers Consultative Association (NECA) rejected Nigerian government’s bid to take over shareholders’ unclaimed dividends totalling N158 billion. NECA’s reaction followed the government’s move to...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has dismissed claims in some quarters that President Muhammadu Buhari, interferes with the...
Huge sell-offs of stocks that had accumulated gains over recent weeks of largely bullish trade disrupted that positive momentum this week as the Nigerian Stock Exchange...
The Nigerian Stock Exchange (NSE) extended the loss at the previous session on Friday as profit-taking efforts deepened with negative implication for market capitalisation. Heavyweight stocks...
Oil prices moved up a little on Friday as they approached their third week of appreciation. However, fears of demand slump due to escalating COVID-19 infections...
AIICO Insurance Plc declared on Friday it would offer one bonus share for every five held by the company’s shareholders by November 30. “These shares will...
The Nigerian National Petroleum Corporation (NNPC) confirmed on Thursday that the recently discovered oil in the Benue Trough was in commercial quantity. The Group Managing Director...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Friday Nigeria would restart fuel importation from the neighbouring Niger Republic to meet local energy...
Nigeria spends approximately $500 million annually importing palm oil as local production capacity remained well below users’ demand, industry watchers and staff of the ministry of...
Profit-taking in bank stocks on the Nigerian Stock Exchange (NSE) Thursday cost investors N91.06 billion, partly reversing the gain reported at the session before, with Stanbic,...
Guaranty Trust Bank Plc has reported a marginal drop of 3.2% in profit after tax for the nine-month period to September 2020, compared to the corresponding...
Oil prices weakened Thursday, with an uptick in COVID-19 infections and stricter curbs on economies around the world fuelling worries over weaker fuel demand, casting shadow...
The domestic storage capacity of Nigeria’s Liquefied Petroleum Gas (LPG) now stands at 69,698 metric tonnes (mt), after the completion of construction works at a new...
Naira depreciated further against the United States dollar on Wednesday on the black market, exchanging at N478 as the momentum of increasing demand from traders and...
The Nigerian Stock Exchange (NSE) has scaled the hurdle of obtaining members’ consent to list its own shares, bringing it close to consummating a corporate transformation...
The Nigerian Stock Exchange (NSE) found resilience on Wednesday after three straight trading days of loss as speculators renewed interest in major industrial and consumer goods...
Union Bank of Nigeria Plc has announced a slip in after-tax profit for the nine-month period to September 2020 as huge operating expenditure continued to hurt...
The Federation Accounts Allocation Committee (FAAC) on Wednesday shared the sum of N604.004 billion among the three tiers of government as revenue allocation for October. The...
Nigeria’s Manufacturing Purchasing Manager Index (PMI), which gauges the general direction of economic trends, conditions and developments in the manufacturing sector through purchasing managers’ eyes, rose...
Oil prices advanced further on Wednesday amidst optimism that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will slow down a proposed hike in...
There were no key investment decisions taken on deepwater oil and gas exploration in the Nigerian energy industry between 2015 and 2019, much as opportunities for...
Africa’s biggest economy requires 19 million jobs every year to narrow its yawning unemployment gap, Doyin Salami, chair of the Presidential Economic Advisory Council (PEAC), said...
Sell-offs in big-cap stocks including Nestle and Dangote Cement and in consumer goods stock like Nigerian Breweries, Cadbury and International Breweries guided the Nigerian Stock Exchange...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the Federation Account Allocation Committee (FAAC) disbursed a total sum of N2.054 trillion to the three...
Saudi Arabia’s Energy Minister, Abdelaziz bin Salman, said on Tuesday the major oil countries might have to adapt their current production strategy in the face of...
Oil prices drifted up on Tuesday amid hopes that the Organisation of the Petroleum Exporting Countries and allies will retain current output reduction for a minimum...
Consumer Warehouse Group (CWG) Plc has announced its profit for the nine-month period to September 2020 grew by 1,950% or N440.889 million, relative to the same...
The Nigerian government Monday affirmed that its new upward review of the retail price of gasoline was triggered by the progress recorded by New-York based pharmaceutical...
The Nigerian government is looking to establish a fund for the running of a bridge bank that is mandated to keep insolvent lenders from going under...
The Nigerian government said it would open the floodgate of petrol imports and provide the foreign exchange required for the purpose to marketers in the hope...
Lagos-based TY Holdings said on Monday it would acquire 249,746,823 ordinary shares of BOC Gas Nigeria Plc through a share purchase agreement. The deal will enable...
