The Nigeria Liquified Natural Gas, (NLNG) Ltd., has attributed the rising cost of cooking gas in the country to scarcity of Foreign Exchange (FX), Federal Government’s...
Buoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the...
The Saudi Arabian government on Friday promised to invest in Nigeria’s four refineries to get them working again. The Saudi Crown Prince, Mohammed bin Salman, gave...
Seplat Energy Plc has declared an interim dividend payout of N29.9 per ordinary share for investors on both the Nigerian and London stock exchanges. This declaration...
The Nigerian capital market ended the trading week with a 0.05 percent increase in the All-Share Index on Friday. After five hours of business on the...
The Federal Government, on Thursday, signed a Memorandum of Understanding (MoU) with the government of the Kingdom of Saudi Arabia to strengthen bilateral ties and advance...
The International Monetary Fund (IMF) has warned that China’s slowing economy will negatively affect Nigeria’s economic growth by as much as 0.5 points on average. The...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday Federal Government’s revenue-generating agencies remitted ₦14.3 trillion as revenue from the extractive sector to the federation...
The Nigerian capital market continued its bullish run on Thursday with the growth in the All-Share Index (ASI) by 0.07 percent. After five hours of business...
The dependence on foreign ship owners for the shipment of import and export goods has robbed Nigeria of the sum of N793.3 trillion ($1 trillion) in...
India, a primary destination for Nigerian crude has increased its appetite for discounted Russian barrels to the detriment of some Nigerian volumes leading to a dip...
The Central Bank of Nigeria (CBN) has directed its branches across the country to continue issuing old and new banknotes to deposit money banks. The CBN...
The Nigerian Capital market continued its bullish run on Wednesday with the All-Share Index (ASI) appreciating by 0.23 percent at the close of trading. After five...
Foreign airlines have disclosed that about 90 per cent of their $783m remains trapped in the country as the Central Bank of Nigeria (CBN) has directed...
Loans from the banking sector to the various sectors of the Nigerian economy rose to N8.03 trillion in H1’23 with the Oil and Gas, and manufacturing...
The Presidency has assured that President Bola Tinubu’s administration would remain relentless in working on policies that will strengthen the Naira. Tinubu’s Special Adviser on Economic...
For the second day running, trading activities in the Nigerian Equities Market closed positive with a gain of 0.19 percent on Tuesday. This followed the growth...
The proper harnessing of the potential of the Blue Economy will result in the generation of 350 million jobs and trade, valued at $2.5trillion annually, globally....
As the Nigerian govt and Nigerians move to alleviate the negative effects of fuel subsidy removal by looking towards CNG-powered vehicles as an alternative, an expert...
The Debt Management Office (DMO) has released two new Federal Government savings bond offers for subscription. In a statement issued on Monday, DMO said the first...
The Nigerian equities market began the week in a bullish mode as the NGX-ASI increased to 70,479.62 from 70,196.77 recorded at the close of the previous...
Amid a headwind of challenges ranging from multiple taxation, forex scarcity, and low patronage of locally produced goods, the debt owed by manufacturers to banks in...
Following the positive close of trading activities last week, Mutual Benefits Assurance (MBENEFIT); Airtel Africa AIRTELAFRI; Omatek Ventures Plc, OMATEK; Japaul Gold and Ventures Plc, JAPAULGOLD;...
Ahead of the 2023 United Nations Climate Change Conference (COP28) in the United Arab Emirates (UAE), Agora Policy, an Abuja-based think tank, has listed the severe...
The Federal Government has unveiled a fresh blueprint for the solid mineral sector in Nigeria. The Minister of Solid Minerals Development, Mr. Dele Alake, unveiled this...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
Nigeria’s Lagos State is a thriving location with a thriving real estate industry. People frequently look to property and estate companies for help when trying to...
Two of Nigeria’s leading conglomerates, Dangote Industries Limited (DIL) and BUA Group have resumed their hostilities over market control. DIL and BUA Group have a long...
Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5%...
The Food and Agriculture Organisation (FAO) said on Friday that at least 26.5 million Nigerians would face a food crisis in 2024. The FAO country representative...
Trading activities in the Nigerian Capital Market closed positive, Friday (03/11/2023) as the All-Share-Index of the Equities Market increased to 70,196.77 from 70,042.28 recorded at the...
The House of Representatives has resolved to conduct a comprehensive audit of the petroleum industry. The Chairman of the House Committee on Petroleum Resources (Downstream), Ikeagwuonu...
The Chief Executive Officer of Chapel Hill Denham, Mr. Bolaji Balogun has disagreed with the conventional estimates which put the value of the Nigerian economy at...
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) to provide clarification over alleged...
The National Agency for Food and Drugs Administration and Control (NAFDAC), has warned the Nigerian public against the consumption of a recalled energy drink known as...
The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The Central Bank of Nigeria (CBN) has assured Nigerians of an adequate supply of Naira notes in the country. The bank’s Director of Corporate Communications, Isa...
The All-Share Index at the Nigerian equities market declined by 539.48 basis points to close at 70,042.28 basis points on Thursday. The bourse ended the previous...
The All-Share Index at the Nigerian equities market rose by 1,345.57 basis points to close at an unprecedented 70,581.76 ASI on Wednesday. This is as investors...
The House of Representatives on Tuesday, unanimously adopted a motion moved by Hon. Hassan Shehu Hussain of the NNPP, Kano, mandating its Committee on Privatization and...
President Bola Tinubu has requested Senate approval for the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The president sought the Senate’s approval...
The Central Bank of Nigeria (CBN) has debunked reports making the rounds that it was planning to redenominate or restructure the naira notes in 2024. The...
The Federal Government is set to introduce new rules for the foreign exchange market and also crackdown of illegal trading of currency by the end of...
The National Bureau of Statistics (NBS) in a report released in Abuja on Monday, revealed that prices of beef, rice, beans, onion, yam and other food...
The Nigeria Labour Congress (NLC), on Sunday, alleged that the love for foreign goods by government official is the major reason for the continous decline of...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
The Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Saturday the rehabilitation of the Kaduna Refinery would be completed by December 2024. The 110,000...
The Akwa Ibom State Internal Revenue Service has sealed the two branches of Keystone Bank and another one belonging to Heritage Bank for their alleged failure...
After keeping mute for a long time over the controversial Nigeria Air project, a national carrier envisioned by the administration of President Muhammadu Buhari and championed...
Fidelity Bank, a Nigerian deposit money bank, has signed a tripartite $40 million pre-export finance facility with AFREXIM Bank in favour of JohnVents Industries. The loan...