By Przemek Chojecki… Reading books is one of the activities often quoted among those which characterizes successful CEOs. Our economy became a place where innovations are...
The Federal Government has so far generated a revenue of N4.25 trillion in 2019, the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed said...
The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse, said on Wednesday that the Federal Government, States and Local Government Councils had...
The Nigerian bourse recovered on Wednesday with key market indicators recording improved performance. The All Share Index (ASI) closed at 26,665.73 basis points, rising marginally 0.02%...
A recent ranking of Nigerian websites has revealed the dramatic growth being recorded by betting platforms operating in Nigeria. The ranking revealed that a handful of...
Rensource Energy, a Lagos-based renewable energy company, has raised $20 million in a Series A round investment. The new investment, which was co-led by CRE Venture...
Independent oil and gas company, Seplat Petroleum Development Company has completed the acquisition process of Aberdeen-based upstream oil and gas exploration and production firm, Eland Oil...
Washington-based International Monetary Fund (IMF) announced on Tuesday that total global debts soared by $3 trillion to $188 trillion by December 31, 2018 as Nigeria, China and other...
President Muhammadu Buhari on Tuesday, announced that Nigeria would collaborate with, and support Hyundai Engineering Company Limited to set up a car plant, and also rehabilitate...
The Nigerian Senate on Tuesday resolved to conduct an investigation into the alleged closure of over 600 Nigerian shops and businesses by Ghanaian authorities. The Senate,...
The Central Bank of Nigeria on Tuesday warned that it would suspend accounts of anyone hiding under the ECOWAS Trade Liberalisation Scheme to sabotage the federal...
Trading on the floor of the Nigerian Stock Exchange (NSE) closed on a bearish note Tuesday, a clear departure from the positive note on which yesterday’s...
Nigeria’s inflation rate climbed to 11.85% in November 2019, up from the 11.61% recorded in October 2019. The change represented a 0.24% increase. The National Bureau...
Nigerians’ appetite for imported used vehicles (popularly called Tokunbo) has not diminished as the nation spent a whopping N509.8 billion importing them between January and September...
Nigeria’s foreign reserves has continued its free fall, declining from $39.8 billion to $39.24 billion between 11 November and 13 December this year, the latest data...
The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries posted losses, amounting to N111.27 billion between January and September this year. The details...
Blue-chip stocks dominated the gainers’ list today, causing the Nigerian bourse to end on a bullish note with positive results recorded across its key performance parameters....
As part of efforts to redefine local business culture, Ubuy Nigeria, a local service marketplace, has launched its new website and app to connect local professionals...
The Nigerian stock market was gloomy for most parts of last week with the bear taking its toll on the market though the market experienced two...
The Nigerian National Petroleum Corporation (NNPC), on Sunday said it achieved a trading surplus of N5.2bn for the month of August, a 22 per cent inctease...
Six of the eight Power Distribution Companies (DisCos) which the Nigerian Electricity Regulatory Commission (NERC) had threatened with revocation of licence have complied with the approved...
The Bank of Agriculture was still in distress because no concrete effort was made to recapitalise, the Minister of Agriculture and Rural Development, Sabo Nanono, said...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Sunday the Dangote Refinery would save the country over $10 billion spent on crude...
Hello, and welcome to our Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the week. Headlines: Chinese...
The office of the Auditor-General of the federation has unearthed alleged series of irregularities in the award, implementation and payment of a contract worth N7.5 billion...
Turkish Airlines has flown a bigger aircraft to Nnamdi Azikiwe International Airport, Abuja, in compliance with a new directive. Ripples Nigeria had reported that the Nigeria...
The Transmission Company of Nigeria (TCN) has asked international electricity customers to pay up their $7 million electricity debt. Usman Mohammed, managing director of TCN, while...
The Bankers Committee Saturday introduced a classification of the Bank Verification Number (BVN) to fast track the achievement of the financial inclusion goal of 20 percent...
Hadi Sirika, the Minister of Aviation, has vowed to protect Nigerians from any scornful treatment by foreign airlines operating in the company. Sirika gave the assurance...
International Data Corporation (IDC) has revealed that Chinese-owned mobile company, Transsion, owners of the TECNO, Infinix and Itel brand, maintains top market leader position in Africa’s...
The Nigerian stock market recorded poor performances across its key market indices this week owing to series of profit-taking activities by investors. The bear was dominant in the...
The country’s merchandise trade expanded by 6.85% in the third quarter of 2019 relative to the second quarter, the National Bureau of Statistics (NBS) has revealed....
The Nigerian Government on Friday set year 2023 as the stop date for the importation of petrol into the country, shifting from the earlier set date...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Friday over $60 billion had been traded in the Investors and Exporters (I&E)...
The Nigerian Stock Market (NSE) closed the week in the negative territory today as key market indicators performed woefully. Profit-taking in some blue chip stocks caused...
The International Monetary Fund (IMF) on Thursday announced that oil-dependent economies like Nigeria’s continued to perform worse than countries dependent on other exports. According to the...
The National Assembly has passed on the 2020 budget to the presidency for final assent. According to reports, this was confirmed Thursday night by Umar el-Yakub,...
The Nigerian Stock Exchange ended trading on a positive note Thursday as the key market indicators recorded notable improvement. The All Share Index (ASI) closed higher...
The Chinese financial service firm, Opay, on Wednesday announced its launch of USSD service to enhance service delivery. The mobile payment startup made the announcement through...
Independent oil and gas firm, Seplat petroleum has completed a bridge facility refinancing process aimed at full acquisition of Aberdeen-based upstream oil and gas exploration company,...
The Nigerian bourse recovered from the long bearish run today. The market capitalisation closed higher at N12.758 trillion while the All Share Index appreciated by 0.19%...
Three months old digital-only Kuda Bank seems doing the unthinkable as it pioneers zero charges banking in Nigeria. Unlike other commercial banks, licensed by the CBN,...
The money spent by the Federal Government in subsidising petrol is anticipated to gulp a whopping N750.81 billion in 2020, the latest data from the Petroleum...
Although, described as long overdue, the Financial Services Initiative (FSI) on Monday launched a fintech industry innovation sandbox in Nigeria. The product, which is built to...
The Nigerian Stock Market (NSE) recorded yet another negative market breadth today as key market indicators performed woefully. Profit-taking in some blue chip stocks, continued and...
Nigerian banks remain stable despite the country’s negative rating by the global credit rating agency, Moody’s, the Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday. The...
The Central Bank of Nigeria (CBN) expects to achieve 2.38 percent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year, the bank...
Car selling, buying and swapping platform, Cars45, has, Tuesday, December 10, announced its expansion to Ghana and Kenya. The tech-backed motor company made the announcement via...
The Director of Banking Supervision, Central Bank of Nigeria (CBN), Hassan Bello, said on Tuesday, that the apex bank would increase banks’ Loan to Deposit Ratio...
Online classifieds company, Jiji, has raised $21 million in Series C and C-1 financing from six investors, emerging report from the company has revealed. The funding,...