The Minister of Mines and Steel Development, Olamilekan Adegbite, said on Monday solid minerals sector has the potential to drive Nigeria’s quest for industrialization. Adegbite, who...
The Petroleum Products Pricing Regulatory Agency (PPPRA) said on Monday the Federal Government had spent a total of N8.94 trillion on oil subsidy in the last...
Nigeria’s crude oil earnings dived by 74.89% in July to $55.29 million, data from the Nigerian National Corporation (NNPC) on the Nigerian government’s export lifting shows....
Oil prices depressed on Monday, hurt by a potential restart of Libyan production just as surging COVID-19 cases set nerves on edge regarding world’s crude demand...
Seventy-eight companies are now in contention for the upgrade of Nigeria’s downstream pipelines and related depot and terminal assets after completing their expression of interest through...
Nigeria’s dollar reserves edged up by $140.90 million or 0.40% between 1st and 17th September, data from the central bank’s website showed on Monday. The current...
Last Week, the Nigerian bourse posted gains on Monday, Wednesday and Friday but reported losses on Tuesday and Thursday, with the development and other fundamental factors...
The readiness to bring fresh dimensions in data analytics, artificial intelligence, cybersecurity, forensics and even fraud management as well as regulatory pronouncements into the auditing process...
The registration for government’s N75 billion Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed Off-take programmes would tee off on Monday, Mariam Katagum, Minister...
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...
Investors in the oil and gas industry are being driven by the recent deregulation of premium motor spirit to establish modular refineries alongside seven refineries already...
The Nigerian bourse closed the week with bigger gain, with the equity section racking up N13.609 billion even though the size of trade was lower week...
The equity segment of the Nigerian Stock Exchange (NSE) closed Friday session on an upbeat note as market capitalisation swelled by N21 billion, reversing Thursday’s loss....
The Federal Government, states, and local government councils had shared N682 billion as revenue allocation for the month of August. The Permanent Secretary, Ministry of Finance,...
Oil prices lifted on Friday, heading for an almost 9% weekly gain following Saudi Arabia’s move to talk allies into complying with production quotas and banks...
The Nigerian government has reversed a directive requiring all bank account holders in the country to undertake a self-certification exercise by completing forms for due diligence...
Activities at Opukushi, Tunu and Clough Creek Flow-stations operated by the Shell Petroleum and Development Company of Nigeria (SPDC) Thursday, was disrupted by the youths of...
Transcorp Hilton Hotels has declared its plan to reduce its staff strength by 40% in order to sustain the continuity of its operations and survive the...
The Nigerian National Petroleum Corporation (NNPC) Thursday announced an 858% leap in its trade surplus from N2.12 billion in June to N20.36 billion in July, citing...
The Department of Petroleum Resources (DPR) has declared that it generated about N742.472 billion in revenue in the 8-month period from January to August, the government...
The construction of the Port Harcourt-Maiduguri axis of the eastern rail line would commence after the Lagos-Ibadan rail project is delivered in December, the Nigerian government...
The equity segment of the Nigerian Stock Exchange (NSE) shed N9.181 billion on Thursday as huge sell-offs in bank stocks weighed on market performance, causing trade...
The Federal Government on Thursday directed all bank account holders in the country to undergo a “self-certification” process. In the directive issued via federal government’s official...
Landlords with outstanding bills cannot transfer the payment obligation to tenants just renting their properties, the Nigerian Electricity Regulatory Commission (NERC) said Tuesday. The NERC made...
Electricity customers will henceforth cease to make one-off payment for meters but rather will pay for them via periodic tariff costs, the Nigerian Electricity Regulatory Commission...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Nigerian economy fared better than analysts’ projections for the second quarter of 2020....
The Central Bank of Nigeria (CBN) has requested banks to hand in key transaction information including domiciliary account statements and Bank Verification Numbers of 12 high-ranking...
Nigeria and other African countries might incur losses of between $7 billion and $15 billion annually as devastation from climate change worsens across the continent, the...
The equity segment of the Nigerian Stock Exchange (NSE) recorded loss for the second day on Wednesday as profit-taking continued among speculators, bringing the total market...
The Nigerian government has issued contractors handling the Lagos-Ibadan rail project an ultimatum to deliver the project by year end. “I’ve tasked the contractors on the...
The weight of the coronavirus crisis on air travel might cost the Nigerian and other African economies 3.5 million aviation jobs, triggering a contraction of continental Gross...
Oil extended gains on Wednesday, advancing by over 2%, as a hurricane halted offshore operations in the United States oil and gas sector and an industry...
Nigeria will join other West African countries to establish a maritime development bank focused on transformation and expansion in the region in a bid to raise...
The Nigerian government has issued the modalities for the deployment of a solar mini-grid in the power industry. Goddy Jedy-Egba, the Minister of State for Power,...
The Central Bank of Nigeria (CBN) on Tuesday announced a N200 billion family home financing initiative in support of the Nigerian government’s quest for providing 300,000...
The Central Bank of Nigeria (CBN) said it had so far disbursed funds in the neighbourhood of N369 billion to manufacturers, small and medium scale enterprises,...
Trade in the equity segment of the Nigerian Stock Exchange (NSE) ended in the red on Tuesday, the first time in four days, with major bank...
Banks have to grow the share of their credit to the agricultural sector by more than twice its current size to make it up to one...
Oil prices drifted a little higher on Tuesday but projections of a more sluggish than expected recovery in world fuel demand due to the coronavirus pandemic...
Naira depreciated by 1.09% to N460 on the parallel market on Monday, days after President Muhammadu Buhari ordered the Central Bank of Nigeria (CBN) to halt...
Nigeria’s Consumer Price Index, which measures the average change over time in prices of goods and services consumed in everyday living, climbed to 13.22% in August....
Nigeria’s crude oil production went up by 9% to 1.353 million barrels per day (bpd) in August relative to 1.361 million bpd in July, data from...
The Asset Management Company of Nigeria (AMCON) said it had sequestered assets belonging to Frank Ezuma and Lillian Ezuma, both promoters of Gedee Zulu Investment Limited...
The equity section of the Nigerian Stock Exchange (NSE) continued its bull run Monday, backed by gains recorded by blue-chip industrial stocks including CAP, Dangote Cement...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Monday Nigeria’s revenue had dropped by about 65 percent. The minister, who disclosed this...
The Securities and Exchange Commission (SEC) Monday said it would henceforth regulate crypto-token or crypto-coin investments, while classifying them as securities. In a statement posted on...
Dangote refinery may not reduce the price of petrol significantly when it begins operations as it will be selling the product at the international price, Minister...
Workers in the aviation sector in Monday shut down all operations of Arik Air, and preventing the airline’s planes from flying. The aviation workers under the...
Oil prices climbed on Monday as a tropical storm in the Gulf of Mexico prompted rigs to halt production even though wider concerns regarding excess supply...
Last week, the Nigerian bourse racked up losses Monday through Wednesday but rallied on Thursday and extended gain on Friday, with the corporate actions and developments...
