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...
The Nigerian National Petroleum Corporation (NNPC) said it would support the current initiatives of the Federal Ministry of Petroleum Resources aimed at offering alternate energy source...
The Central Bank of Nigeria (CBN) must ramp up actions to reduce pressure on the currency market to meet ballooning demand for hard currency in Nigeria,...
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...
Recent tech drift in Nigeria speaks volumes of how indigenous Nigerian companies seem geared up to embrace the future. Around tech, we see a significant number...
The Nigerian government said it planned to commit around $2.3 billion to raising the nation’s power generation capacity to 7,000 megawatts (mw) in the first phase...
Petrol imports to Nigeria from refiners in Northwest Europe (NWE) are expected to crumble at rates not seen by the country for quite a while as...
The Nigerian Electricity Regulatory Commission (NERC) on Friday directed the electricity Distribution Companies (DisCos) not to increase tariffs of customers enjoying less than 12 hours of...
The equity section of the Nigerian Stock Exchange (NSE) extended its gain on Friday, adding N37.027 billion on the back of gains in some bank stocks...
Oil prices slid for a second day on Friday, as a shock build in the United States crude inventories hurt already weakened sentiment, with the coronavirus...
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, Thursday advised the Nigerian government to give top priority to the listing of the...
Bakers in the country Thursday announced possibility of increasing the prices of bread on account of rising costs of sugar, flour, fuel and electricity. The declaration...
Manufacturers in Nigeria say 38% of their operating costs goes to generating alternative electricity just as their stockpile of unsold goods rocketed to a historic high...
The Nigerian government Thursday kicked off two programmes to support around 1.7 million Micro, Small and Medium Enterprises (MSMEs) across the country with N75 billion. Mariam...
President Muhammadu Buhari Thursday ordered the Central Bank of Nigeria (CBN) to call off issuance of foreign exchange for food and fertiliser imports, according to a...
The equity segment of the Nigerian Stock Exchange (NSE) rallied on Thursday after three days of consecutive losses with a N50.115 billion appreciation. Gains recorded by...
Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal...
Transactions carried out by Nigerians via electronic payment channels totalled N263.78 trillion between April and June this year, the National Bureau of Statistics (NBS) said on...
The equity section of the Nigerian Stock Exchange (NSE) ended Wednesday’s trade in the negative territory as profit-taking efforts intensified, with investors dumping big volumes of...
The Nigerian National Petroleum Corporation (NNPC) Wednesday night announced vast oil find in the Benue Trough, a geological structure spanning about 1,000 kilometres northeast from the...
Nigeria will sell its majority shareholding and forfeit its controlling stake in all its four comatose oil refineries if the ongoing negotiation talks succeed, the Group...
The Nigerian government has requested a court sitting in Milan, Italy to order oil supermajors, Shell and Eni, to pay the sum of $1.092 billion as...
There are fresh doubts over the federal government’s claim of full deregulation of the downstream segment of the petroleum industry with the latest admission by the...
The Debt Management Office on Wednesday put the country’s total debt at N31 trillion. The figure, according to the DMO, was an increase of N2.38trillion over...
The inflow of foreign exchange into Nigeria shrank by 43.2% to $5.52 billion in May as Africa’s biggest economy took a battering from a record crash...
About 30% of petrol product meant for local consumption is smuggled out of Nigeria on a daily basis to neighbouring countries, where fuel subsidy is not...
The Central Bank of Nigeria (CBN) Tuesday issued a rejoinder to a recent press release by the Nigerian Economic Summit Group (NESG), attacking some of the...
The total debt of the Nigerian government (not including states and the Federal Capital Territory) came to N24.52 trillion at the end of March, the Central...
The equity segment of the Nigerian Stock Exchange (NSE), for the second day running, ended the trading session in the negative territory as investors’ willingness to...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the three tiers of government and other statutory recipients received N3.879trillion from the Federation Accounts Allocation...
Naira declined to N445 to the United States dollar on the black market on Monday, the same day Bureaux De Change (BDCs) resumed operations following sales...
Secured loans to households increased in the second quarter of this year, the Central Bank of Nigeria (CBN) said in its ‘Credit Conditions Survey’ report posted...
The Nigeria Customs Service (NCS) has issued a 30-day notice to importers to clear goods in 164 containers abandoned at ports or forfeit them to the...
The total revenue yet to be remitted by Ministries, Departments and Agencies (MDAs) to the Consolidated Revenue Funds of the Nigerian government currently stands at N1.2...
The Nigerian government on Monday revealed it chose Germany’s Siemens AG for the country’s power sector revamp and upgrade of its grid capacity to 25,000 megawatts...
The bull run in the equity section of the Nigerian Stock Exchange (NSE) ended on Monday as profit-taking activities in some blue-chip stocks caused trade to...
Oil prices fell by more than 1% on Monday after touching their lowest points since July as Saudi Arabia made the most profound monthly price cuts...
Power generation in the country fell on Sunday as four more power plants shut down within two days, bringing the total number of idle plants to...
In the week that just went by, the Nigerian bourse recorded gains Monday through Friday as investors’ passion to own more stocks heightened, with the corporate...
The restart of foreign exchange sales by the Central Bank of Nigeria (CBN) to Bureaux De Change (BDCs) on Monday is anticipated to strengthen the naira...
The Asset Management Corporation of Nigeria (AMCON) Sunday declared it had sequestered the assets of Hydro Hotels Limited and those of its chief promoter in respect...
A group of western investors has unveiled a blueprint to invest over $5 billion in the Nigerian power industry, the Nigerian government has said. Information gathered...
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...
Bank accounts belonging to Premier Lotto, owned by Chief Adebutu Kensington, popularly called ‘Baba Ijebu’, have been ordered frozen by the Central Bank of Nigeria (CBN)...
The first week of September left us with striking memories to last a lifetime -being one that saw how Elon Musk, Tesla’s chief, on the international...
The equity section of the Nigerian Stock Exchange (NSE) recorded gains Monday through Friday as liquidity improved dramatically, backed by over 106% increase in volume of...
The Central Bank of Nigeria (CBN) has fixed the upper limit an obligor can access under its N250 billion gas intervention fund at N10 billion. It...
The equity section of the Nigerian Stock Exchange (NSE) recorded its fifth straight gain on Friday, advancing by N49 billion, which culminated in a weekly gain...
The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, said on Friday the commission had remitted N362.34 billion into the Federal Government’s Consolidated...
Oil held above $44 per barrel on Friday and was on track for its biggest weekly fall since June as low demand figures complicated fears over...
