Nearly 84% of chief executives in Nigeria believe that the outlook for the real estate sector, particularly for companies involved in the business of office rentals,...
Nigeria’s manufacturing Purchasing Manger Index (PMI), which measures the general direction of economic trends in the manufacturing sector of the economy, stood at 48.5 index points...
The Bureau of Public Enterprises (BPE) on Wednesday declared that the current reform of the Nigerian Postal Service (NIPOST) will not induce job loss in the...
President Muhammadu Buhari has ordered the players in the power sector to carry out mass metering of unmetered customers nationwide. The Nigerian Electricity Regulatory Commission (NERC)...
The bull run of the Nigerian bourse continued on Wednesday as the market capitalisation appreciated by N20.016 billion. Gains in blue-chip stocks like Stanbic, NNFM and...
To cushion the effects of the COVID-19 pandemic, the Federal Government has approved a ₦10 billion palliative for road transport operators and workers throughout the country....
The Federal Airports Authority of Nigeria (FAAN) has said it lost N17.5 billion of aeronautic charges in 23 weeks and incurred N1.4 billion loss of non-aeronautic...
Oil prices climbed towards $46 a barrel on Wednesday, approaching the highest level since March, lifted by U.S. producers shutting most of their offshore Gulf of...
The Central Bank of Nigeria (CBN) has ordered deposit money banks to ensure that electricity distribution companies (Discos) pay for the consumed power they were provided...
The Nigerian government has so far obtained funding in the sum of $6.15 billion (around N2.37 trillion) for the power industry and is currently reforming the...
The Central Bank of Nigeria (CBN) and the Bankers’ Committee, which is made up of the chief executives of Nigerian banks and the directors of different...
The Central Bank of Nigeria (CBN), together with the Bankers’ Committee, said it would impose sanctions on exporters who refused to repatriate forex proceeds from their...
The Nigerian stock market added N32.66 billion on Tuesday, with NEM, Wapic and Japaul leading gainers. The Insurance Index topped the sectorial indices, adding 1.62% to...
Oil prices were mixed on Tuesday as traders weighed enormous output cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura against surging coronavirus...
Nigeria’s Federation Account is overstressed, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Monday. The RMAFC’s revelation derived from heavy pressure on the Federation...
331,003 workers who lost their jobs withdrew N116.88 billion from their Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom)...
The Central Bank of Nigeria (CBN) said it would eradicate the abuse of foreign exchange and other practices by dealers, capable of affecting goods purchased by...
The bull run on the Nigerian Stock Exchange (NSE) continued on Monday with a marginal gain of N3.779 billion, supported by investors’ renewed interest in consumer...
Oil prices climbed on Monday as storms bore down on the Gulf of Mexico, shutting over half of its oil production, and on indications of progress...
Nigeria has nearly doubled its voting rights in the African Development Bank (AfDB) to 16.8% before the lender’s yearly meetings this week, as one of its...
The Asset Management Company of Nigeria (AMCON) said on Sunday it had taken over assets belonging to the chief promoter of Jabfal Enterprises Limited, Joshua Abiodun...
The Nigerian bourse recorded a loss last Monday but posted gains Tuesday through Friday with the corporate actions of the week and some technical factors informing...
Nigeria’s Gross Domestic Products (GDP) for the second quarter 2020 shrank by 6.10 percent, the National Bureau of Statistics (NBS) said on Monday. The GDP which measures...
The Nigerian National Petroleum Corporation (NNPC) on Sunday announced a total crude oil and gas export earnings of $378.42 million for June. The corporation recorded total...
The Debt Management Office (DMO) Saturday rebutted accusations of corruption against it, saying the agency is ‘accountable, transparent and responsible’ in its operations. The debt office...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
2.3 million Micro, Small and Medium Enterprises have accessed interest-free loan facilities under the Government Enterprise and Empowerment Programme (GEEP) in the four years of its...
The equity section of the Nigerian Stock Exchange (NSE) recorded a loss on Monday but posted gains Tuesday through Friday, resulting in a weekly appreciation of...
The equity segment of the Nigerian Stock Exchange (NSE) rose further on Friday, buoyed by buy pressure on consumer goods stocks led by Nigerian Breweries, International...
The Federation Accounts Allocation Committee (FAAC) has distributed the sum of N676.407 billion for July 2020 federation account revenue to the federal, states and local government...
Oil prices slipped further on Friday but came close to a five-month high as a relaxation of coronavirus lockdowns support a slow fuel demand recovery, while...
Nigeria provides between 60 to 70 per cent of products under the Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme, the Nigerian government has...
Nigeria’s total pension assets climbed to N11.08 trillion in June, 2.6% higher than the N10.8 trillion recorded the month before despite the impact of the coronavirus...
The Nigerian government has opened its doors to investment in mining and manufacturing activities involving the local production of bitumen and other materials that are currently...
Nigeria’s power generation slumped to 3,356 Megawatts (MW) on Thursday less than 2 days after touching a new peak of 5,420.30MW. The Transmission Company of Nigeria...
The market maintained the current uptrend on Thursday as bargain-hunting efforts lifted equities further up. Gains in CAP, Stanbic, International Breweries, GSK and Fidson largely accounted...
The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed as unfounded and total falsehood, a report on missing 48 million barrels of crude oil. The Group...
Nigeria has scaled an all-time power generation peak of 5,420.30 Megawatts (MW), the Transmission Company of Nigeria (TCN) said on Thursday. The feat marks the second...
The costs of various food items escalated in July, the National Bureau of Statistics (NBS) said in its Selected Food Price Watch July 2020 report on...
Naira appreciated against the United States dollar on the black market on Wednesday, exchanging for N477/$1. The exchange rate at the previous session had stood at...
Oil prices slid on Thursday after major producers warned of a risk to demand recovery if the coronavirus crisis extended further just as the United States...
The Nigerian government’s bonds for August, which were valued at N150 billion and auctioned on Wednesday, were oversubscribed by N92.23 billion, the Debt Management Office (DMO)...
The Nigerian Petroleum Development Company (NPDC), which serves as the petroleum exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), will ramp up its...
The Asset Management Company of Nigeria (AMCON) has taken over assets belonging to a Lagos-based technology deployment solutions provider, Northrich Technologies Limited, over the latter’s failure...
African telecommunications company, MTN Group, on Wednesday appointed Ralph Mupita the current Chief Finance Officer as the new president and Chief Executive Officer (CEO). The appointment...
The Nigerian Stock Exchange (NSE) extended its gain on Wednesday as it added N18.198 billion, thanks to appreciation recorded mainly in bank stocks such as GTB,...
Importers in Nigeria are lamenting the huge surcharge levied on them by international shipping firms for cargoes imported from around the world. According to them, the...
President Muhammadu Buhari and Saudi Arabia’s King Salman bin Abdulaziz discussed measures taken to stabilise and restore the balance of global oil markets in a telephone...
Naira fell by 1.04% on Tuesday to a new low of N480 against the United States dollar on the black market following government’s declaration of its...
Nigeria’s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus...
