Nigeria’s commercial capital, Lagos, lost $2.1 billion on account of the hazards of air pollution on the state, Minister of Science and Technology Ogbonnaya Onu said...
The year-to-date return of stocks on the Nigerian Stock Exchange (NSE) came back to positive on Friday after staying negative for many months this year, driven...
Chevron Nigeria Limited on Friday declared its intention to slash its workforce by 25 percent due to the current economic situation in the country. In a...
Oil prices dropped for a second day on Friday over worries about an escalating case of the coronavirus, which United States President Donald Trump just tested...
Shell Nigeria Gas, the downstream gas distribution arm of Shell Petroleum Development Company, has inked a deal with the Oyo State government towards developing pipeline infrastructure...
The Nigerian government Thursday inaugurated the N75 billion Medium Small and Micro Enterprises (MSMEs) Survival Fund and Guaranteed Off-take Stimulus with the ambition of supporting artisans...
Electricity consumers in the country paid a gross sum of N1.27 trillion within three years to power distribution firms (Discos) in settlement of their bills, figures...
The Nigerian government is looking to complete the Lagos-Ibadan railway by December or early January 2021, spurred by the urgency to ease the Apapa port of...
Oil Prices declined Thursday as soaring coronavirus infections dimmed outlook, with a growth in OPEC output last month straining prices further, much as optimism of U.S....
As covid-19 continues to ravage the globe, it has also created hiccups in the food chain, leading to shortages in supply of food items. Patrick Egwu spoke...
Naira strengthened against the U.S. dollar on Wednesday at the parallel market, inching up by 1.08%, supported by improving liquidity in the retail segment of the...
The House of Representatives Wednesday approved a spending plan of N13.08 trillion for 2021 alongside the Fiscal Strategy Paper and the Medium Term Expenditure Framework of...
International credit rating agency, Fitch Ratings Inc, has reappraised Nigeria’s outlook on long-term foreign currency Issuer Default Rating (IDR), which assesses a sovereign nation or an...
The equity segment of the Nigerian Stock Exchange (NSE) extended gains on Wednesday, advancing by N116.724 billion, with heavyweight stocks such as Total, Dangote Cement, MTN...
Oil prices depreciated for the second day in a row on Wednesday, with an upward drift in Covid-19 infections heightening fears that additional curbs on economic...
In line with the agreement reached between the federal government and the organised labour, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday night issued an order...
Tier 2 lender Sterling Bank is on track to attaining a holding company status after declaring it has passed the Central Bank of Nigeria’s (CBN’s) litmus...
President Muhammadu Buhari has pressed for the reallocation of the Special Drawing Rights (SDRs), which the International Monetary Fund (IMF) retains as supplementary foreign exchange reserves...
The Nigeria LNG (NLNG) Limited has expanded its output of Liquefied Petroleum Gas (LPG), used for cooking purpose in households, to 450,000 metric tonnes per annum...
The equity section of the Nigerian Stock Exchange (NSE) maintained its advancing momentum on Tuesday, adding N54.415 billion, with banking stocks driving volume. Medium and large-cap...
The National Broadcasting Corporation (NBC) sees the country’s pay TV space undergoing the much-anticipated disruption that will open it up to affordable and value-reflective rates as...
The National Bureau of Statistics (NBS) has announced that it will begin the National Business Sample Census, 22 years after the last one. The exercise is...
Nigeria is responsible for an estimated 46% of the $89 billion illegal money outflow from Africa, typically stolen funds and money from tax evasion that leave...
The equity section of the Nigerian sustained last week gains Monday, buoyed by blue-chip gains particularly those recorded by Total, MTNN, Okomu Oil, BUA Cement and...
Oil prices slipped on Monday, helped by soaring Covid-19 infections, which weakened the possibility of seamless fuel demand recovery, with crude set for its first monthly...
The Nigerian government will privatise state-owned oil asset, Nigerian National Petroleum Corporation (NNPC), abolish key industry regulators to pave the way for new bodies and modify...
Power generation in Nigeria received a boost on Sunday, lifted by an elevation of 979 megawatts (mw) in the total generated power to 4,312.1mw as 16...
In the week that just went by, the Nigerian bourse posted gains Monday through Friday, with the corporate actions of the week and some technical factors...
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 Nigerian Stock Market (NSE) posted modest gains on Monday and Tuesday, the same day the Central Bank of Nigeria (CBN), in a move that upset...
The Nigerian Stock Exchange (NSE) sustained its bull run Friday, helped by blue-chip gains driven by Nigerian Breweries, Presco, Dangote Cement, Stanbic and Flour Mills. The...
Oil prices climbed on Friday but were on course for a weekly drop by reason of rising fears about the impact of a sweeping re-emergence of...
Portfolio investment in Nigeria, which aggregates the value of assets like bonds, stocks and cash equivalents held by domestic and international investors, plunged to a new...
Ballooning debt portfolio, a penchant for committing funds to expenditures that are not capable of delivering utilitarian value and absence of a shrewd fiscal planning have...
Fuel marketers might be driven to adopt job cuts as a cost-saving measure to buffer more than N320 billion loss resulting from government-imposed product prices as...
The equity section of the Nigerian Stock Exchange (NSE) advanced further on Thursday with market capitalisation rising by N106.720 billion on the back of buy pressure...
Construction company, Julius Berger Nigeria, known for building a number of arteries, highways and thoroughfares in the country said it would foray into agro-processing, citing “the emerging...
Refinery outages in Nigeria and other African countries are projected to ramp up gasoline demand and in turn brighten Asian and European markets’ chances of earning...
Cement-manufacturing giant, Dangote Cement Plc, Wednesday said its dividend payment to shareholders, has exceeded N1 trillion in seven years. Gillaume Moyen, the Group Chief Financial Officer...
Nigeria’s Purchasing Manager Index (PMI), which measures the economic health and the prevailing direction of the manufacturing and service sectors from the opinions and views of...
For the second straight day running, the Nigerian stock market recorded gain on Wednesday as the volume of equities put up for sale, particularly bellwether stock,...
President Buhari may have endorsed the Petroleum Industry Bill (PIB), which seeks to reform the Nigerian oil and gas industry through liberalisation of its operations and...
Oil prices lifted on Wednesday following a report showing U.S. fuel stocks fell, much as a build in oil output and a swelling in coronavirus cases,...
The Central Bank of Nigeria (CBN) will henceforth bear the loss burden of farmers in its Anchor Borrowers Programme by 50%, as food crisis escalates in...
Banks’ lending to various economic sectors leapt by N3.77 trillion or 24.2% to N19.33 trillion in the fifteen months to August 2020, the Central Bank of...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday, urged the National Assembly to fast-track the passage of the Petroleum...
The Central Bank of Nigeria (CBN), rising from its Monetary Policy Committee (MPC) session Tuesday afternoon, lowered its lending rate to banks by 100 basis points...
Oil prices lifted on Tuesday, scaling down steep overnight depreciation, as the latest tropical storm in the Gulf of Mexico lost intensity, even though concerns over...
The Nigerian government took receipt of remittances topping N1.8 trillion in the last 12 years as operating surplus from Ministries, Departments and Agencies into its Consolidated...
It is probable that fuel scarcity will emerge in the country soon, as the Nigerian Association of Road Transport Owners (NARTO) have directed truck drivers to...
