The Nigerian government posted a fiscal deficit of N488.24 billion in April, 169% higher than the benchmark, the Central Bank of Nigeria (CBN) said Tuesday. “The...
3,800 power and distribution transformers will be installed across Nigeria in accordance with a deal between the Nigerian government, the German government and Siemens AG. This...
The Nigerian Stock Exchange (NSE) rebounded on Tuesday with modest gain as the All Share Index inched up by 0.02% or 3.82 basis points to 25,136.49...
The Director of Financial Policy and Regulation at the Central Bank of Nigeria (CBN), Mr. Kevin Amugo, said on Tuesday Nigerian banks recovered about N50.32million bad...
Oil prices dipped on Tuesday even though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with production cuts...
Naira appreciated against the United States dollar at the over-the-counter spot market, popularly called the Investors and Exporters (I&E) window on Monday, closing at N385.78. It...
Nigeria’s perennial foreign exchange shortage is squeezing life out of Africa’s largest economy, Bloomberg reported on Monday. Banks won’t honour card payments, foreign investors can’t get...
Nigeria’s request for a $1.5 billion budget support facility from the World Bank is unlikely to be granted approval in August as anticipated due to concerns...
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) have halted...
Flour and pasta maker, Flour Mills of Nigeria Plc said it would undertake a bond issuance in the next two months as part of a N70...
The Nigerian government posted a 38 per cent deficit, translating to N1 trillion, in its projected revenue for the first five months of 2020, the budget...
Trading on the Nigerian Stock Exchange (NSE) ended in the negative territory on Monday on the back of profit-taking actions in blue chip stocks, leading to...
The Central Bank of Nigeria (CBN) has got government’s nod to establish a N15 trillion ($39.4 billion) infrastructure development firm with the sovereign wealth fund to...
Nigeria’s inflation rate rose to its 27-month high and for the 11th consecutive month in July, the statistics office said on Monday as the coronavirus pandemic disrupted...
A Lagos Federal High Court has issued an order of Mareva injunction, restraining Shoprite Checkers (Pty) Limited from divesting or transferring its assets out of jurisdiction...
Oil prices jumped on Monday after reports that China plans to ship big volumes of United States crude in August and September, which suppressed worries over...
The World Bank plans to give states in Nigeria $2.5 million each as performance-based grants provided they execute tax relief schemes for individuals and business owners...
Nigerian government’s spending on debt servicing came to N1.57 trillion in the first half of the year, Minister of State for Budget and National Planning, Clem...
Six of Nigeria’s power plants were closed down between 8:15 pm on Thursday and 6 am on Saturday, leading to a slump of 1,190.3 megawatts (MW)...
The Ghanaian government on Sunday rejected claims of unfair treatment by Nigerian traders during the compliance enforcement by the country’s investment promotion council. The government insisted...
President of Nigerian Traders Union in Ghana, Chukwuemeka Nnaji, on Saturday condemned the closure of shops owned by Nigerians in Ghana by Ghanaian authorities. Nnaji, who...
The Nigerian Ports Authority (NPA) has announced the berthing of the largest container vessel to ever dock at a Nigerian port. Jatto Adams, General Manager, Corporate...
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...
Foreign investors attracted into purchasing Nigerian debt that was paying interest of 13% a year ago are unable to move their cash out of the country,...
Shell Petroleum Development Company said it would appeal the ruling of the Rivers State High Court, affirming the enforcement of the purported sale of interests in...
The Nigerian Stock Exchange (NSE) posted losses on Monday, Tuesday and Friday and recorded gains on Wednesday and Thursday. The liquidity seen in the market this...
The equity section of the Nigerian Stock Exchange (NSE) ended on a negative note on Friday, triggered by sell pressure in stocks like CAP, MTNN, Unilever,...
Nigeria’s unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018, the National Bureau...
The National Pension Commission (PenCom) Thursday said it would soon open the window that would offer employees the liberty to transfer their Retirement Savings Accounts (RSA)...
The House of Representatives Thursday kicked against the failure of the Central Bank of Nigeria (CBN) to account for the $11 billion withdrawn from the Excess...
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said on Thursday unless Nigeria achieved a very strong third-quarter economic performance, the country could...
The equity section of the Nigerian Stock Exchange (NSE) hit an 8-week high on Wednesday, driven by gains in heavyweights like Seplat, Airtel, Presco, Okomu Oil...
The Nigerian government Tuesday said Air Peace would recall a number of pilots it fired. Air Peace had earlier in August declared the dismissal of the...
The Federal Inland Revenue Service (FIRS) generates N3 billion every week through stamp duty collection, Muhammad Nami, the fiscal authority head, said on Tuesday. Nami, who...
Oil prices climbed higher on Wednesday after an industry report indicated U.S. crude stockpile plunged more than analysts projected, raising hopes that fuel demand in world’s...
Stakeholder in the Nigerian economy Tuesday clamoured for swift completion of the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline with a view to attaining rapid industrial growth...
The Nigerian government will auction bonds worth N150 billion by subscription on 19th August, the Debt Management Office (DMO) said on Tuesday. A circular by the...
The Nigerian National Petroleum Corporation (NNPC) is requesting investors to bid to repair pipelines and depots serving its oil refineries, a document posted on its website...
Trading on the Nigerian Stock Exchange ended in the negative territory on Tuesday as profit-taking actions continued, leading to a N75.071 billion depreciation in market capitalisation....
The loan portfolio of deposit money banks in the country leapt by 21 per cent to N3.3 trillion in 12 months, Gregory Kronsten, Macroeconomic and Fixed...
The naira closed stronger against the United States dollar at the over-the-counter spot market also called the Investors and Exporters (I&E) window on Monday, exchanging at...
Crude oil rose further on Tuesday, with prices supported by optimism surrounding U.S. stimulus and a recovery in Asian demand as economies restart. Brent crude was up...
Tier 2 Bank, Fidelity Bank Plc said it had reviewed its card spending limit downward as Nigeria grapples with a severe foreign exchange crunch across various...
The equity segment of the Nigerian Stock Exchange shed N7.452 billion to profit-taking on Monday, ending nine days of consecutive gains. The Industrial Index was the...
The Nigerian National Petroleum Corporation (NNPC) remitted domestic crude oil and gas sales proceed worth about N1.834 trillion into the Federation Account between 2019 and 2020,...
Oil prices advanced on Monday, aided by an improvement in Chinese factory data and bigger energy demand as nations relaxed coronavirus-related lockdowns though traders were cautious...
Nigeria’s aspiration of harmonising its various exchange rates has been brightened by the recent modification of the Central Bank of Nigeria (CBN)’s spot exchange rate, data...
Last week, the Nigerian stock market posted gains in all its sessions, this and other developments informing Ripples Nigeria Stocks watch list. We have selected a...
Government will hold talks with the Central Bank of Nigeria (CBN) in the hope of restructuring business loans as part of the grand plan aimed at...
The Nigerian Postal Service (NIPOST) has refuted the claim by the Federal Inland Revenue Service (FIRS) in some tweets last week that the postal agency was...
