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,...
The Asset Management Corporation of Nigeria (AMCON) on Monday took over operations of Cedar Oil and Gas Exploration and Production Limited after a Federal High Court...
A committee headed by Kayode Fayemi, the Chairman of the Nigeria’s Governors’ Forum, has begun preparation of a plan that will bestow full control of solid...
Nigeria’s power generation and distribution companies have warned of the possibility of a blackout all over the country, if the Federal Government fails to grant their...
The bearish run that started last Monday entered its sixth day today as the Nigerian bourse recorded a negative market breadth at the close of trade....
Online booking platform, Travelstart, has reportedly acquired Jumia Travel, a subsidiary company of Jumia cutting down, by implication, the overall market size of Jumia. This development...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, said on Monday the Federal Government has launched the Open Treasury Portal...
Recent developments have shown that Opera’s cab hailing platform, OCar, is fast thinking of making profits as it moved from charging N200 to current N250 on...
Ahmed Kuru, the Managing Director and Chief Executive Officer of the Asset Management Company of Nigeria (AMCON) has ascribed the high incidence of airline failure in...
The Nigerian stock market was gloomy all through last week with bearish run taking its course Monday through Friday. The two key market performance indicators simultaneously...
The Senate, through its president Ahmad Lawan, has promised to commence work on the Petroleum Industry Bill (PIB) the moment senators resume work in January 2020....
Hello. Another Sunday is upon us for our Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the...
Africa’s largest economy, Nigeria, has been ranked 52, behind 2 other African countries –South Africa and Kenya in the recent Global Fintech Index. The ranking, as...
The Nigerian bourse posted lacklustre performances across its key market indices this week. The All Share Index (ASI) slumped by 0.54% to 26,855.52 basis points from the 27,002.15 recorded...
The Nigerian Stock Exchange (NSE) completed a week of bullish run Friday as the market recorded a negative market breadth again. The All Share Index (ASI)...
Saudi Arabian national petroleum and natural gas company, Saudi Aramco, has successfully completed its Initial Public Offering (IPO), where it raised a record $25.6 billion (£19.4bn)...
Nigeria is now among the top new countries using bitcoins, the latest edition of “The Nigerian Banker,” a journal of The Chartered Institute of Bankers of...
Payment of online tax on products bought on the internet through eCommerce platforms and delivered to customers may start in January 2020, the Federal Inland Revenue...
The Federal Government, on Thursday said the country will start exporting rice to other countries in the next two years given the impressive rise in the...
The Nigerian bourse recorded a negative market breadth for the fourth straight day this week as profit-taking activities held sway throughout Thursday trade. The All Share...
There are possibilities that electricity tariffs might escalate to new heights according to Sale Maman, the Power Minister. He said this on a phone-in radio programme...
Global credit rating service, Moody’s Investor Service, gave a gloomy outlook of Nigerian government’s ratings on Wednesday, changing the prospects from stable to negative, in a report...
The parent company of Youtube, Gmail and over 200 digital firms, Google, has announced its next move to enter Nigeria via shopping ads in a couple...
The Cinema Exhibitors Association of Nigeria (CEAN) has, in its latest publication, revealed that Nigerians spent a total of N449,942,977 to watch movies in the month...
Four revenue-generating agencies, including the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR), failed between them...
The Buhari Media Organisation (BMO) has described the 2019 Nigeria economic update by World Bank as correct but an inconclusive analysis. BMO said the World Bank...
Wednesday, the Nigerian bourse recorded a negative market breadth for the third time this week as the key performance indicators went lower. The All Share Index...
The Managing Director of Aiteo Eastern Exploration and Production, Victor Okonkwo said on Wednesday that the company has lost about four million barrels of crude to...
The Nigerian Communications Commission, NCC, has, in its November data updates, revealed that 493,556 subscribers on 9mobile and Glo networks have changed service providers, opting either...
According to the Central Bank of Nigeria (CBN), the nation’s spending on commodities: rice, wheat, fish and sugar reached N1.3 trillion in the last one year....
Banking stocks were the most preferred stocks Tuesday as the Nigerian bourse closed on a bearish note for the second consecutive day this week. The All...
The Nigerian credit firm, operating as Mines has changed its name to Migo as it completes plans to expand operations to Brazil in South America, the...
The National Bureau of Statistics (NBS), in its latest report, has revealed that the volume of electronic transactions recorded by banks between July and September this...
Independent oil and gas firm, Seplat Petroleum Development Company Plc, is now set to complete the acquisition process of Aberdeen-headquartered upstream oil and gas exploration company,...
Given the lull and uncertainty in the global oil market at the moment, the World Bank Group has forecast the emergence of another recession in Nigeria....
The eventual entry of the Ugandan bike-hailing company, SafeBoda, into the shores of Nigeria has confirmed again that more foreign investors have a soft spot for...
Nigeria has been ranked as one of five West Africa Countries topping the energy access status in the ECOWAS region with their population having access to...
Profit-taking in some blue-chip stocks precipitated a fall in market capitalisation today as the Nigerian bourse opened the week on a bearish note. The market capitalisation...
Globus Bank, a newly licensed commercial bank by the CBN, largely harnessing the use of technology to meet customer needs, has revealed its plans to open...
Owing to perceived implications of the proposed Finance Bill on the economy, the Organised Private Sector (OPS) is prodding President Muhammadu Buhari to decline his approval...
Just as it did at Full Year 2017, agro allied firm, FTN Cocoa Processors Plc has announced a Loss After Tax for FY2018, this time in...
In what is claimed as a disruptive product, LandWey, a Nigerian-owned firm and player in the real-estate space, has launched a Prop-Tech lab. The firm, in...
Last week, the Nigerian bourse posted more positive performances on daily basis than it did negative results, causing the week to end on a positive note....
Hello and welcome to the Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the week. Headlines: Chevron...
The Nigerian bourse recorded some positive performances across its key market indices this week. The All Share Index (ASI) rose marginally by 0.04% to 27,002.15 basis...
California-based global oil giant, Chevron, has formally initiated the sale of its interest in its Nigerian offshore exploration, comprising two hydrocarbon blocks. The proceeds from the divestment...