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...
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...
The Nigerian Railway Corporation Friday said it generated revenue worth N3.09 billion from rail services last year, noting that N1.5 billion of that sum came from...
Nigeria is looking to end illegal gold exports in the hope of capturing the millions of dollars lost each year through the process to shore up...
Vice President Yemi Osinbajo said on Friday that government agencies needed to stop milking businesses in order to improve Nigeria’s prospects of climbing higher on the...
Monday through Friday, the Nigerian Stock Exchange (NSE) added gain to gain, consolidating a fiercely bullish market that reached back to the two days before last...
The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on...
The National leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed petroleum tanker drivers to withdraw their services from Lagos State...
The World Bank has declared 36 companies and individuals ineligible to to be awarded any World Bank financed contract for a period of time for going...
Reacting to the observed silence from the Petroleum Products Pricing Regulatory Agency (PPPRA), oil marketers have gone ahead to set new pump prices (between N148 and...
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it recorded a 43 percent drop in oil pipeline vandalism in the month of May, 2020. The...
The equity segment of the Nigerian Stock Exchange (NSE) rose by N21 billion Wednesday, supported by improved liquidity as turnover expanded by 148%, moving from the...
The Kano State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has ordered its members to sell fuel at N150 per litre. The order...
The National Association of Aircraft Pilots and Engineers (NAAPE) on Wednesday threatened to down tools over the alleged unilateral and reckless sacking of pilots by airline...
Oil prices climbed on Wednesday after statistics indicated a major fall in the United States crude storage. However, there are growing concerns that increasing rising COVID-19...
Naira weakened against the United States dollar across foreign exchange market segments on Tuesday as Nigeria confronts an enduring liquidity crunch that had seen its foreign...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and some operators in the downstream sector of the petroleum industry in Anambra State on Tuesday threatened to...
The Central Bank of Nigeria (CBN) said on Tuesday beneficiaries of its Healthcare Research and Development Intervention Scheme, targeting manufacturing and development activities would have access...
The Transmission of Nigeria (TCN) said on Wednesday the country’s power generation scaled its record high of 5,377 Megawatts (MW) on August 1. The TCN, which...
The pump price of Premium Motor Spirit (PMS) is expected to go up in the coming days following the hike in the product the ex-depot price...
Positive sentiment among investors sustained the bull run on the Nigerian Stock Exchange (NSE) Tuesday as buy pressure in some mid-cap stocks led by Seplat, Nigerian...
The wrangling between government revenue-generating agencies, Nigerian Postal Service (NIPOST) and Federal Inland Revenue Service (FIRS) over stamp duty collection festered on Tuesday. Both agencies have...
Oil prices fell on Tuesday over anxieties that a new wave of coronavirus infections worldwide will cause fuel demand recovery to stall amid tighter lockdowns just...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
The real estate subsidiary of UAC of Nigeria PLC (UACN), UACN Property Development Company Plc, which has been racking up losses for the past four years, will...
The Central Bank of Nigeria (CBN) has said it allocated credit worth N539.8 million to farmers between January and March this year, its third quarter economic...
The oil firm at the centre of the $1.3 billion Malabu scandal, Eni, on Monday claimed it acted in conformity with the law on issues related...
The Nigerian Stock Exchange (NSE) expanded by N12.869 billion as the market resumed activities after a two-day holiday commemorating the Sallah festival. The Industrial Index was...
Air Peace provided reasons on Monday for laying off pilots and supporting staff. It said the devastating effects of COVID-19 pandemic on its operations were responsible...
South Africa retail supermarket, Shoprite, has debunk reports that it is winding down it’s investments in Nigeria, and leaving the country. High street retailer, Shoprite, has...
Oil prices slipped on Monday over fears pertaining to oversupply as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies prepare to wind back...
Africa’s largest food retailer, Shoprite Holdings, Monday said it will be bringing down the curtain on its Nigerian operations 15 years after announcing its presence in the...
The Lagos Chamber of Commerce and Industry (LCCI) has decried the appointment of the Nigerian Postal Service (NIPOST) as the regulator of the courier market in...
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...
Fewer trading sessions were conducted this week on the equity session of the Nigerian Stock Exchange (NSE) than the last due to a two-day break on...
Beer maker, Nigerian Breweries Plc, has reported a 58% contraction in its top line for the first of half of 2020 as turnover fell to N151.810 billion...
Oil prices jumped Friday, rebounding after striking 3-week lows on Thursday as a result of a historic slump in U.S. growth as the world’s biggest economy...
Businesses in Nigeria are nursing the hope that the economic conditions in Nigeria in the month ahead will better those of July even though this optimism...
Nigeria’s external reserves edged lower by $314.927 million from $36.214 billion on 28th June to $35.899 billion on 28th July 2020, equivalent to a 1% margin,...
Wireless operator, MTN Nigeria Communications Plc said it would pay shareholders an interim dividend of N3.50 per share subject to deduction of withholding tax following the...
MTN Nigeria Communications PLC, the Nigerian unit of Johannesburg-based multinational wireless operator MTN Group Limited, Wednesday declared it grew its half-year 2020 revenue by 12.5% to N638.075...
Nigeria’s Manufacturing Purchasing Managers’ Index (PMI), which measures the direction of trends and developments in the manufacturing industry, tightened for the third successive month at 44.9...
No documentation was endorsed between 2013 and 2015 showing Nigeria would be liable to pay $1.2 billion in case it breached the contract for the Azura-Edo...
Courier and logistics businesses in Nigeria are facing a double whammy of coronavirus crisis and license fee hike in a country with a bad name for difficulty...
The Nigerian government Wednesday granted ‘anticipatory approval’ of 18.94 million Euros (N8.648,081,465.2) as counterpart fund for a revamp contract that will enable Munich-based Siemens overhaul the country’s obsolescent...
The equity segment of the Nigerian Stock Exchange rallied on Wednesday as bank stocks dominated trade even though turnover, as it had been in recent time,...
Oil prices climbed up Wednesday following an abrupt fall in U.S. crude storage even though demand fears from unprecedented rises in coronavirus cases limited gains. Brent...
Banks in Nigeria face higher borrowing costs and a monumental threat to revenues as the Central Bank of Nigeria (CBN)’s policies to bolster the naira creates...
The World Bank Wednesday said it had consented to a $500 million credit at the behest of the International Development Association, which provides loans and grants...
