The Senate Committee on Power Monday reacted furiously to a statement by Minister of Power Mamman Saleh that the $5.8 billion Mambilla Power Project had not...
The market capitalisation of the Nigerian Stock Exchange (NSE) crossed the N15 trillion mark on Monday as stocks value went up by N42.285 billion. Heavy buy...
MTN Nigeria Communications Limited Monday announced the appointment of Karl Toriola as its Chief Executive Officer designate. His appointment will take effect from 1st March next...
Oil prices dipped by more than 2% on Monday, extending last week’s losses as surging COVID-19 cases in the U.S and Europe worsened worries about oil...
The Nigerian government is synergising with the United Nations Industrial Development Organisation (UNIDO) and the Miners Association of Nigeria in a move to stimulate the production...
The Nigerian government is mulling supplying electricity to Chad, its West African neighbour, after a recent request by the country. The Transmission Company of Nigeria (TCN)...
The Nigerian Stock Exchange added N19.655 billion last week, with the corporate actions during the week together with other technical factors informing Ripples Nigeria Stocks Watchlist. We have...
The Economic and Financial Crimes Commission, (EFCC) has been asked to probe the Central Bank of Nigeria (CBN) over concession allegedly granted a private company for...
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 Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Saturday the Federal Government has created a N25billion youth empowerment fund in a bid...
Taking off from the previous week, we saw another week that increased the portfolio on investments in Nigeria, featuring new partnership deal sealed between a UK-based...
The equity section of the Nigerian Stock Exchange (NSE) recorded a modest appreciation this week, edging up by N19.655 billion in spite of the anti-police brutality...
The equity section of the Nigerian Stock Exchange (NSE) extended its gains with N69.617 billion on Friday, supported by appreciation in the stocks of Nascon, Dangote...
Oil prices on Friday clung to gains recorded at the last session, following Russian President Vladimir Putin’s indication that he would be prepared to prolong record...
Dangote Tomato Processing Company has requested the Nigerian government to place a ban on importation of tomato paste into the country. Its managing director, Abdulkarim Kaita,...
The total currency in circulation rose to N2.426 trillion in September, 2.4% or N56.44 trillion higher than the N2.369 trillion recorded in August, figures obtained from...
The Nigerian government’s indebtedness to construction companies handling 711 road projects in Nigeria now stands at N392 billion, Minister of Works and Housing Babatunde Fashola said...
Indigenous carriers – Arik Air, Air Peace and Azman Air – have called off flights for their Lagos-bound passengers after Lagos State Governor Babajide Sanwo-Olu declared...
Contracts of below N5 billion will no longer be awarded to foreign companies in Nigeria, the Nigerian government said on Tuesday. The decision is in furtherance...
Oil prices dipped on Tuesday amid concerns that a resurgence of COVID-19 infections around the world is impeding fuel demand recovery just as rising Libyan supply...
The Central Bank of Nigeria (CBN) Monday charged banks and financial institutions to upgrade their alert procedures in their anti-money laundering and combating the financing of...
The equity section of the Nigerian Stock Exchange (NSE) closed flat on Monday, the third time it would do so in seven days. Bank stocks including...
Oil prices slid on Monday after China’s third-quarter economic growth did not rise as much as expected, underlining worries that rising coronavirus infections around the world...
The liabilities of the Nigerian National Petroleum Corporation (NNPC) as a group outweighed the value of its assets by N4.4 trillion in 2019, the recently issued audited...
The Nigerian bourse last week recorded gains on Tuesday, Wednesday and Friday but posted losses at the Monday and Thursday sessions, with the corporate actions and...
The Nigerian Labour Congress (NLC) has disapproved of the proposed concession of four of Nigeria’s major airports in a letter to President Muhammadu Buhari. The letter...
The Nigerian government has said it is targeting one million metric tonnes (MT) of steel from the $1.5 billion steel plant about to be completed in Kaduna State,...
The Nigerian government will collaborate with the Central Bank of Nigeria (CBN) with a view to supporting farmers nationwide with interest-free loans, Minister of Agriculture and...
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 business activities, while...
Regarded as the ‘Big Win Week’ by tech players in Nigeria, the week recorded an astonishing feat as Nigeria’s electronic money gateway company, Paystack, announced its...
The Nigerian stock market went up by N127.611 billion in value this week, spurred by positive investor sentiment much as liquidity fell by 37.7%. Two successive days of flat...
The equity section of the Nigerian Stock Exchange (NSE) added N164.860 billion at Friday’s session, buoyed by gains in bank stocks led by Zenith and GTB....
Oil prices slipped on Friday, hobbled by worries that an uptick in coronavirus infections in Europe and the U.S. is tapering demand in two of the...
Nigeria’s digital economy through virtual payments, e-commerce and other digital services is capable of contributing 45 per cent to the country’s Gross Domestic Product (GDP), Minister...
The closure of Nigerian borders is doing the country good, given that Nigeria is now on course to achieving self-sufficiency in rice production, Minister of Finance,...
The Nigerian government Thursday launched the application for the N75 billion Nigerian Youth Investment Fund, which seeks to empower Nigerian youths falling within the age range...
The Federal, states and local government councils on Thursday shared a total of N639.9billion as revenue allocation for September. The Federation Accounts Allocation Committee (FAAC) announced...
The Nigerian National Petroleum Corporation (NNPC) Thursday declared a loss of N1.7 billion for the 2019 financial year, a 99.7 per cent reduction from a loss...
The World Bank is in talks with the International Monetary Fund (IMF) with a view to offering debt reduction to Nigeria and other member countries of...
Nigeria’s headline inflation, which measures the cost of living through average change in the prices of goods and services consumed in everyday living, quickened to 13.71%...
The construction of the 680-metre long quay wall of the $1.5 billion (around N6 billion) Lekki Deep Seaport, currently under construction at the Lagos Free Trade...
Nigeria’s foreign reserves fell by $50.83 million from $35.75 billion to $35.69 billion in the ten-day period between 2nd and 12th October 2020, data from the Central Bank...
The equity section of the Nigerian Stock Exchange (NSE) closed flat on Wednesday as buy and sell pressures drew level, with bank stocks driving trade. A...
The Nigerian government will seek to proscribe milk imports by 2022 as Africa’s biggest economy eyes self-sufficiency in dairy production, Minister of Agriculture and Rural Development...
The Department of Petroleum Resources (DPR) said Nigeria aspires to expand its oil reserves alongside its condensates enormously to 40 billion barrels by 2025, London-based energy...
Nigeria has become Africa’s biggest rice producer, Minister of Agriculture and Rural Development Sabo Nanono said in Abuja on Tuesday at an occasion commemorating the 2020...
Nigerian government’s wage bill climbed by 150 per cent in the five-year period between 2015 and 2020, Minister of Finance Zainab Ahmed said Tuesday at the...
The International Monetary Fund (IMF) has forecasted that the Nigerian economy will slow down by 4.3% this year, reversing it from its earlier projection of -5.4%. The...
The Nigerian bourse managed to make a slight advance on Tuesday following days of straight losses as profit-taking efforts limited gains. Stanbic, Nigerian Breweries, International Breweries,...
Oil prices climbed on Tuesday, partially reversing an almost 3% loss from the Monday session, invigorated by strong China data, much as anxieties surrounding supply restart...
