The Nigerian Stock Exchange ended the week in the positive territory Friday having sustained the bullish run that dominated the market right from Monday. Investors’ appetite...
Analysts at political risk consultancy, Eurasia Group, in a research note published on Friday said oil price could hit $80 per barrel soon, following the assassination...
A recent review of the 2020 outlook of the Nigerian economy, detailing the prospects of key measures defining possible fiscal growth, has revealed the odds of...
The total amount of money spent by the Federal Government, through the Nigerian National Petroleum Corporation (NNPC) on subsidising Premium Motor Spirit in December 2019, stood...
The Nigerian Stock Exchange began 2020 on a bright note Thursday as marginal growth was recorded across key performance indicators. A positive market breadth was posted...
Data obtained from the Nigerian Interbank Settlement System (NIBSS) show that the volume of transactions executed by bank customers in the country reached 1.65 million on...
Generally, 2019 was a mixed bag of fortunes and setbacks for the Nigerian capital market, even though many events that shaped the Nigerian bourse were significantly...
The Nigerian bourse ended 2019 on a positive note as key market indicators recorded improved performance. Investors’ huge appetite for blue chip equities caused the All...
Vitafoam Nigeria Plc has posted a massive 296.5% rise in its profit for Full Year 2019. Specifically, the foam products manufacturer posted a profit of N2.387...
Nigeria has come a long way in the last 12 months – economically bruising some businesses, structurally implementing some unpopular reforms that cut across sectors and...
Consumer goods manufacturer and distributor, PZ Cussons Nigeria Plc has posted a loss of N1.580 billion for the half year ended 30 November 2019. This and...
The 2019 Disaster Estimates report of Swiss Reinsurance Institute has revealed that global insurance and reinsurance companies accounted for $56 billion out of the $140 billion...
Nigeria flared a total of 276.04 billion cubic feet (bcf) of natural gas in a 13-month period from September 2018 to September 2019, data obtained from...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said Monday the Federal Government was studying the decision of the Francophone West African countries to...
The Nigerian Stock Exchange (NSE) started this week’s trading on a bright note as investors’ huge appetite for large cap stocks caused Monday session to end...
The Federal Inland Revenue Service (FIRS) has provided a 30-day opportunity for taxpayers in the country to obtain their 2020 Tax Clearance Certificates (TCC) between 2nd...
The Federal Inland Revenue Service (FIRS) recorded a revenue shortage coming to N8.5 trillion within a five-year period from 2015 (when the Buhari administration took over...
The economic report of the Central Bank of Nigeria (CBN) has revealed that the Nigerian economy recorded a total foreign exchange inflow of $58.01 billion between...
Hello. It’s the last weekly Business Roundup for the year 2019. The last week of December despite the festivity recorded some interesting highlights. So, in case you missed out on details, here are the top highlights of events that...
While the economy in 2019 was experiencing fluctuations in both capital and money markets, the tech space, as another robust business enclave, witnessed significant growth year...
The Enugu Electricity Distribution PLC (EEDC) has clarified issues pertaining to its plan to “disconnect South-East prepaid meter users”. In a statement issued on Saturday, the...
The cost of doing business in the country has been projected to rise significantly in 2020. The Lagos Chamber of Commerce and Industry (LCCI) gave the...
Delta Transport Service Limited (Delta Line) on Friday, December 20, added another fleet of buses (60), representing the first phase of the 120 buses earmarked to...
The Nigerian National Petroleum Corporation (NNPC), together with its joint venture partners in the Nigerian Liquefied Natural Gas Limited (NLNG) including Shell, Total and Eni on...
Nigeria’s largest company by market capitalisation, Dangote Cement PLC, has announced its plan to repurchase up to 10% of its issued share capital. The decision is...
The Nigerian Stock Exchange (NSE) resumed the yuletide break with a significant recovery as notable appreciation in some large-cap and mid-cap stops triggered upward movements in...
The latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the subsidy per litre on Premium Motor Spirit (PMS) also known as...
Transactions worth N97.32 trillion were executed by bank customers via the instant payment and Point of Sales (POS) platforms between January and November 2019 according to...
A Central Bank of Nigeria (CBN) report has revealed an N88.22 billion plunge in the nation’s earnings from crude oil sales for the month of November...
The Federal Government is aiming to generate a whopping $2 billion in revenue from the multi-billion dollar Escravos Gas-to-Liquid (EGTL) project just as the Nigerian National...
The Federal Competition and Consumer Protection Commission (FCCPC) issued a directive on Tuesday, stopping the current N50 charge on every transaction executed through Point of Sales...
The massive sell-offs recorded by the Nigerian bourse on Monday in response to the Yuletide season continued Tuesday as profit-taking in bellwether stocks in the banking...
Neimeth International Pharmaceuticals Limited has recorded a Profit After Tax (PAT) of N220.147 million for the financial year ended 30th September 2019. This indicates a leap of...
The latest statistics from the Central Bank of Nigeria (CBN) has indicated that Federal Government’s revenue for the month of November dipped by N388 billion. The...
Nigeria’s Akinwumi Adesina has been endorsed by the Economic Community of West African States (ECOWAS) for a second term as President of the African Development Bank....
The Nigerian Stock Exchange (NSE) began the week on a negative note as a number of bellwether stocks, led by telecommunication giant MTNN, recorded price depreciation....
Petroleum products marketer, 11Plc (formerly known as Mobil Oil Nigeria PLC) on Monday announced its plans to acquire the Victoria Island-based Lagos Continental Hotel through its...
The Nigerian stock market was predominantly bearish last week despite the two bullish days recorded by the market on Monday and Wednesday. The two key market...
The Nigerian National Petroleum Corporation (NNPC) said on Sunday, the country crude oil and gas exports rose to $355.93 million in September. This figure was higher...
Bank customers across the country will from now be charged N35 per withdrawal from other banks’ Automated Teller Machines (ATM) instead of the former N65, the...
Hi, 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...
According to the Central Bank of Nigeria (CBN), the total exposure of Deposit Money Banks to the Nigerian economy climbed up to N22.61 trillion in October....
The Nigerian bourse posted negative performances across its key market indicators this week as profit-taking efforts on the part of investors intensified. The bear maintained a strong hold...
The National Assembly has sent the Tax and Fiscal Law (Amendment), also known as the Finance Bill to President Muhammadu Buhari for assent. The president had...
The Estonian company, Bolt (formally doing business as Taxify) has Friday, December 20, announced its latest entry into two other Nigerian states as part of its...
The Nigerian Stock Exchange (NSE) ended the week in the negative territory Friday as profit-taking in some blue-chip stocks dragged the index further down. A negative...
Instagram, one of Mark Zuckerberg’s social networking platforms by acquisitions, has revealed intent to restrict adverts in 2020 promoting tobacco, alcohol, vaping and diet supplements. The...
Profit-taking activities caused the Nigerian Stock Exchange (NSE) to post negative performances across its key market indicators at the end of Thursday’s trading, abruptly ending the...
Nigeria’s digital lending platform, Carbon (formerly operating as Paylater) has announced its entry into the Kenyan fintech space as a new player. The fintech company, which...
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...