The Central Bank of Nigeria (CBN) on Monday took the campaign for indigenous milk production sufficiency further by seeking the intervention of the Federal Capital Development...
In a move to conserve Nigeria’s ample natural gas resources, the Federal Government on Monday announced it had pruned the number of 800 investors, interested in...
The Nigerian bourse opened the week on a negative note today as investors recorded losses worth N96 billion. All the key market performance indicators ended in...
With about 123.49 million internet users in Nigeria, according to recent figures from the Statcounter portal, the increasing trend of e-commerce activities is quite understandable. Given...
The Department of Petroleum Resources (DPR) said on Monday the stakes of Pan Ocean Oil Corporation (Nigeria) Limited and other investors are safe following the transfer...
The Nigerian Stock Exchange (NSE) remained largely bearish last week, further sustaining the downturn that had crippled market activities in recent times. There were two intervening...
The Nigerian power sector lost about N19.15 billion between 5th and 14th February 2020, statistics gleaned from the Advisory Power Team (APT) in the Office of the Vice...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while...
Prestige Assurance PLC has reported an 18% growth in profit translating to N76.169 million for Full Year 2019, compared to the figure it recorded in the...
Leading drugmaker, May & Baker Nigeria Plc, has reported an 84% rise in its Profit After-Tax (PAT) for Full Year 2019 amidst a revenue crunch that...
The Federal Government on Friday unveiled the modalities for the restoration of toll gates to the Lagos-Ibadan Expressway. A Public Private Partnership (PPP) arrangement is currently...
Nigeria’s healthcare and fintech company, Anyi Health, has secured N36 million from global startup accelerator, Antler, to foot the bills of stranded patients. With Anyi’s belief...
The path to stable recovery still seems far ahead for the Nigerian equity market considering that this week marks its third straight loss this year. As...
Sustained sell pressure in blue chip equities led the Nigerian bourse on a step further down today as the major performance indicators ended in the negative...
The Federal Government on Friday transferred the ownership of Oil Mining Lease (OML) 98 to the Nigerian Petroleum Development Company (NPDC), the upstream subsidiary of the...
The 2019 Annual Report and Accounts of Nigeria’s largest brewer, Nigerian Breweries Plc, has revealed a 17% or N3.296 billion drop in its after-tax profit for Full Year...
The future of oil remains bleak in Nigeria in the next 10 years owing to cost increases and volatility in the energy industry even as corporate...
Granting tax waivers to big companies indiscriminately do not only erode government’s revenue base, but also hinders the Federal Inland Revenue Service (FIRS) from meeting its...
Instant messaging platform, Whatsapp, has recorded an addition of 500 million new users in 2 years, raising its bar to 2 billion users. While Whatsapp becomes...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday the Federal, States, Local Governments and other statutory recipients of the Federation Accounts and Allocation Committee...
The Nigerian Stock Exchange (NSE) posted a marginal decrease in its total market value today as sell pressure in some stocks dragged the index down. All...
500 Startups, a San Francisco based seed accelerator programme company for innovative firms, has listed Nigeria’s Fintech startup Thank U Cash among other international startups to...
The Nigerian government has discovered about one billion barrels of crude oil in North East part of the country, a minister in charge of the petroleum...
The Nigerian stock market recorded marginal gain for the second consecutive day today on the back of investors’ interest in mid-cap equities. A positive market breadth...
Nigeria lost a mind-blowing sum of N4.57 trillion to oil theft activities in the four years between 2015 and 2018, estimates of the Nigeria Natural Resource...
In a new twist to its imposition of Forex restriction on milk importation into the country, the Central Bank of Nigeria (CBN) Tuesday gave six companies the...
Five-year-old Nigerian fintech firm, Aella Credit, on Monday, February 10, announced raising a new round of funding to scale its operations and build more customer-centred financial...
The Federal Government said on Tuesday mismanagement and incompetence by officials led to the demise of the old national carrier, the Nigeria Airways. The Permanent Secretary,...
The Nigerian bourse halted its losing streak today to post a bullish comeback with a modest gain of N52 billion. All the major market performance indicators...
The Federal Government is currently buying more time ahead of the formal launching of the proposed West African common currency, Eco anticipated to take effect later...
In a new twist to its imposition of Forex restriction on milk importation into the country, the Central Bank of Nigeria (CBN) Tuesday gave six companies...
Access Bank PLC, is set to attain a new milestone as it announced on Monday it would float a N15 billion green bond on the Luxembourg...
The Nigerian bourse began the week on a gloomy note as the market capitalisation shed N154 billion due to profit-taking activities in blue-chip equities. The market...
The Nigerian National Petroleum Corporation (NNPC) has said it experienced a 94% increase in pipeline vandalism cases in November 2019, compared to the figure posted the...
Last week, the Nigerian bourse posted losses all through save for Thursday, when the market rallied with a negligible gain. All the key market performance indicators...
Power Distribution Companies (Discos) in the country and the Transmission Company of Nigeria (TCN) have approached the Nigerian Electricity Regulatory Commission (NERC) with a view to...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while not...
Axa Mansard Insurance Plc has recorded a 28.6% growth in its gross premium written for the Full Year ended 2019, compared to the figure posted in...
In furtherance of its intervention in the inter-bank Foreign Exchange market, the Central Bank of Nigeria (CBN) on Friday said it had injected $218.41 million into...
The Nigerian Stock Exchange (NSE) recorded four bearish sessions this week as profit-taking cost the market a staggering N239 billion. The bullish performance posted by the...
Money lender Carbon, formerly operating as Paylater, has built its service App in a bid to extend its offering to waiting iOS users. This development is...
Nigeria loses a staggering N3.635 trillion ($10 billion), translating to more than one third of its 2020 budget (estimated to be N10.59 trillion), every year in...
The Nigerian Stock Exchange ended Friday’s trade in the negative territory as all the key market performance indicators ended in the red. A negative market breadth...
Wema Bank Plc has reported a 32.5% increase in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. The full account...
Underwriter, AIICO Insurance Plc, has reported an increase in its after-tax profit for Full Year 2019 to the tune of N2.718 billion on the back of...
The Nigerian bourse closed today with a N26 billion gain, halting a losing spell that saw investors lose about N752 billion in 8 trading days. A...
Jeff Bezos might be the current world’s richest man but Ph.D dropout Elon Musk seems to understand the magic of making money, better. While the Tesla...
BlackBerry Limited’s signed partners and phone makers, TCL Communication, has announced its exit from a 2016 contract that bound the Chinese electronics company (TCL) to design...
First City Monument Bank (FCMB) Plc has reported a growth in its after-tax profit year on year by 18% on the back of improvement in its...
Infinity Trust Mortgage Bank Plc has declared a final dividend of N3.5k per share for the period ended 31 December, 2019 on the back of its...