Former presidential aspirant, Prof. Kingsley Moghalu, has predicted that the African Continental Free Trade Area, (AfCFTA), would lift 30 million Africans, including Nigerians, out of poverty...
The Central Bank of Nigeria (CBN) has extended the validity of the old notes indefinitely. The former CBN governor, Godwin Emefiele, in October 2022 announced the...
The Nigerian capital market rebounded from the previous day’s losses with a 0.37 percent growth in the All-Share Index (ASI) at the close of trading on...
The Nigerian Exchange (NGX) has pasted the announcement of the notice of delisting of the shares of Union Bank from the Nigerian capital market. In the...
The Niger Delta Power Holding Company (NDPHC) has disclosed that the Central Bank of Nigeria and the Nigeria Bulk Electricity Trading Company (NBET) are currently indebted...
The Nigerian Extractives Industries Transparency Initiative (NEITI) has lamented the whopping $1.3886b revenue loss accruable to the federal government in unpaid gas royalty and gas flare...
The Fiscal Responsibility Commission (FRC) has expressed dismay at how banks in the country lure many state governments into debt traps by offering mouthwatering loans. The...
The naira redesign policy of the Central Bank of Nigeria (CBN) has led to an increase in banks’ profits from cashless transactions to N279.85bn in the...
Nigeria has ousted Libya, and Angola to regain its position as Africa’s top crude oil producer for October. The Organization of Petroleum Exporting Countries (OPEC) disclosed...
After a week of bull trading, the All-Share Index (ASI) in the Nigerian capital market declined by 0.33 percent at the close of trading on Monday....
Following a bullish streak last week, investors go into a new trading week with renewed vigour, JAPAULGOLD, RTBRISCOE and newly-listed MECURE alongside GLAXOSMITH and PZ top...
Nigeria’s headline inflation rate has been tipped to hit 30% by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG...
A total of 275, 000 barrels of oil per day production at TotalEnergies, after the Nigerian National Petroleum Company Limited (NNPCL) brokered a peace deal between...
The Nigeria Liquified Natural Gas, (NLNG) Ltd., has attributed the rising cost of cooking gas in the country to scarcity of Foreign Exchange (FX), Federal Government’s...
Buoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the...
The Saudi Arabian government on Friday promised to invest in Nigeria’s four refineries to get them working again. The Saudi Crown Prince, Mohammed bin Salman, gave...
Seplat Energy Plc has declared an interim dividend payout of N29.9 per ordinary share for investors on both the Nigerian and London stock exchanges. This declaration...
The Nigerian capital market ended the trading week with a 0.05 percent increase in the All-Share Index on Friday. After five hours of business on the...
The Federal Government, on Thursday, signed a Memorandum of Understanding (MoU) with the government of the Kingdom of Saudi Arabia to strengthen bilateral ties and advance...
The International Monetary Fund (IMF) has warned that China’s slowing economy will negatively affect Nigeria’s economic growth by as much as 0.5 points on average. The...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday Federal Government’s revenue-generating agencies remitted ₦14.3 trillion as revenue from the extractive sector to the federation...
The Nigerian capital market continued its bullish run on Thursday with the growth in the All-Share Index (ASI) by 0.07 percent. After five hours of business...
The dependence on foreign ship owners for the shipment of import and export goods has robbed Nigeria of the sum of N793.3 trillion ($1 trillion) in...
India, a primary destination for Nigerian crude has increased its appetite for discounted Russian barrels to the detriment of some Nigerian volumes leading to a dip...
The Central Bank of Nigeria (CBN) has directed its branches across the country to continue issuing old and new banknotes to deposit money banks. The CBN...
The Nigerian Capital market continued its bullish run on Wednesday with the All-Share Index (ASI) appreciating by 0.23 percent at the close of trading. After five...
Foreign airlines have disclosed that about 90 per cent of their $783m remains trapped in the country as the Central Bank of Nigeria (CBN) has directed...
Loans from the banking sector to the various sectors of the Nigerian economy rose to N8.03 trillion in H1’23 with the Oil and Gas, and manufacturing...
The Presidency has assured that President Bola Tinubu’s administration would remain relentless in working on policies that will strengthen the Naira. Tinubu’s Special Adviser on Economic...
For the second day running, trading activities in the Nigerian Equities Market closed positive with a gain of 0.19 percent on Tuesday. This followed the growth...
The proper harnessing of the potential of the Blue Economy will result in the generation of 350 million jobs and trade, valued at $2.5trillion annually, globally....
As the Nigerian govt and Nigerians move to alleviate the negative effects of fuel subsidy removal by looking towards CNG-powered vehicles as an alternative, an expert...
The Debt Management Office (DMO) has released two new Federal Government savings bond offers for subscription. In a statement issued on Monday, DMO said the first...
The Nigerian equities market began the week in a bullish mode as the NGX-ASI increased to 70,479.62 from 70,196.77 recorded at the close of the previous...
Amid a headwind of challenges ranging from multiple taxation, forex scarcity, and low patronage of locally produced goods, the debt owed by manufacturers to banks in...
Following the positive close of trading activities last week, Mutual Benefits Assurance (MBENEFIT); Airtel Africa AIRTELAFRI; Omatek Ventures Plc, OMATEK; Japaul Gold and Ventures Plc, JAPAULGOLD;...
Ahead of the 2023 United Nations Climate Change Conference (COP28) in the United Arab Emirates (UAE), Agora Policy, an Abuja-based think tank, has listed the severe...
The Federal Government has unveiled a fresh blueprint for the solid mineral sector in Nigeria. The Minister of Solid Minerals Development, Mr. Dele Alake, unveiled this...
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...
Nigeria’s Lagos State is a thriving location with a thriving real estate industry. People frequently look to property and estate companies for help when trying to...
Two of Nigeria’s leading conglomerates, Dangote Industries Limited (DIL) and BUA Group have resumed their hostilities over market control. DIL and BUA Group have a long...
Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5%...
The Food and Agriculture Organisation (FAO) said on Friday that at least 26.5 million Nigerians would face a food crisis in 2024. The FAO country representative...
Trading activities in the Nigerian Capital Market closed positive, Friday (03/11/2023) as the All-Share-Index of the Equities Market increased to 70,196.77 from 70,042.28 recorded at the...
The House of Representatives has resolved to conduct a comprehensive audit of the petroleum industry. The Chairman of the House Committee on Petroleum Resources (Downstream), Ikeagwuonu...
The Chief Executive Officer of Chapel Hill Denham, Mr. Bolaji Balogun has disagreed with the conventional estimates which put the value of the Nigerian economy at...
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) to provide clarification over alleged...
The National Agency for Food and Drugs Administration and Control (NAFDAC), has warned the Nigerian public against the consumption of a recalled energy drink known as...
The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The Central Bank of Nigeria (CBN) has assured Nigerians of an adequate supply of Naira notes in the country. The bank’s Director of Corporate Communications, Isa...