Last week, the Nigerian bourse posted losses Monday, Tuesday and Friday but reported gains on Wednesday and Thursday Friday, the development and other fundamental factors informing...
The Nigerian Investment Promotion Commission (NIPC), which stimulates and monitors investments in the country, said gross investment commitment to the Nigerian economy in the first half...
The Petroleum Products Pricing Regulatory Agency (PPPRA) said on Sunday full deregulation of the downstream oil and gas sector would help force down price of Premium...
The Federation Accounts Allocation Committee (FAAC) shared a total of N651.18billion as allocations to the three tiers of government and other relevant agencies for the month...
Nigeria’s gross revenues climbed to N653.35 billion ($1.7 billion) in June, a 26.2% leap over the figure for May, standing at N517.8 billion due to growth...
Banks will from Monday cap customers’ overseas debit card spending in an effort to avert foreign currency settlement trouble, according to lenders, as Nigeria battles acute...
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 Nigeria government Friday kicked off a test-run of newly acquired coaches for the completed Itakpe-Warri standard gauge rail line. “Today we started test-run of the...
Analysts at merchant bank and asset manager, FBN Quest said in a note titled ‘Downstream Oil and Gas at a Crossroads and Due for Favourable Policy...
The equity market of the Nigerian Stock Exchange (NSE) racked up further loss this week following a decline in the total value of stocks by N9.757...
The Nigerian Stock Exchange (NSE) ended Friday’s trade on a negative note amidst, with sell pressure on bellwether stocks like Nigerian Breweries and GTB while Dangote...
The World Bank Thursday revealed that around 42% of the Nigeria’s workforce lost their jobs between March and June following the shutdown of the economy in...
Dangote Group’s fertiliser plant, previously timed to start operation in May, will now tee off production next February, Bloomberg said on Thursday, quoting Saipem SpA, the...
Nigeria’s Consumer Price Index, which measures inflation using the weighted average price of a basket of a number of consumer essentials, jumped 0.16% higher to 12.56%...
The Nigerian Deposit Insurance Corporation (NDIC) is pursuing a legislative empowerment that will enable it make directors account for bank failures. The banking industry underwriter equally...
Nine or one-third of Nigeria’s 27 power plants were idle on Thursday, making 2,079.1 megawatts (mw) out of the nation’s total generation capacity remain idle. Total...
Nigeria’s foreign reserves depleted by $454 million from $36.572 billion to $36.118 billion in the 45-day period between 1st June and 15th July, latest data from...
The Nigerian government has said the Covid-19 N2.3 trillion stimulus package, forming part of its Economic Sustainability Plan, has among its ambitions a rescue plan for...
The Nigerian Stock Exchange (NSE) sustained the previous session’s rally Thursday as MTN and Airtel –two heavyweight telco stocks, also two of the three most capitalised...
It is probable that the naira will stay under sustained pressure from the United States dollar on the parallel market in the week ahead as demand...
Oil prices fell on Thursday following the resolution by the Organisation of the Petroleum Exporting Countries (OPEC) and its Russia-led allies to relax record production curbs...
The exchange rate of naira closed at N470 to the United States’ dollar at the unofficial parallel market on Wednesday, signalling a 1.1% markdown from that...
The recent evacuation endeavour by Air Peace to bring home Nigerians trapped in the United Kingdom following the coronavirus outbreak was stalled by the UK and...
The Nigerian Stock Exchange (NSE) found recovery on Wednesday following two sessions of successive losses as heavy buy demand for the shares of Airtel Africa, Dangote...
The Federal Executive Council (FEC) on Wednesday approved the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) to kick-start the 2021 budget process. The...
Oil prices advanced on Wednesday after a huge plunge in United States crude storage as the market awaited decisions from a meeting later in the day...
The rates of exchange of the naira to the United States dollar remained unchanged across various segments of the foreign exchange markets on Tuesday in spite...
The Central Bank of Nigeria (CBN) has said it will engage a minimum of 370,000 youths in agricultural production all over Nigeria, in pursuit of its...
The Organisation of the Petroleum Exporting Countries (OPEC) Tuesday said Nigeria’s monumental cost of servicing debts could stand in the way of economic productivity. Nigeria has...
The equity value of the Nigerian Stock Exchange (NSE) fell further on Tuesday as the market capitalisation depreciated by N44.867 billion by reason of continued sell...
Oil prices sank further on Tuesday amidst concerns that new curbs to forestall exploding coronavirus infections in the United States and Asia could put fuel demand...
The Nigerian government said it had discovered undisclosed payments of $4,969.50 executed on 30th December 2009 and $5,000 on 31st January 2012 to Vera Taiga, daughter...
The Central Bank of Nigeria (CBN) on Monday announced a credit monitoring blueprint, planned to scale down the non-performing loan portfolio of the banking industry and...
Nigeria’s crude export earnings in the five year period from 2015 to 2019 came to $206.06 billion, the Organisation of the Petroleum Exporting Countries (OPEC) said...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Monday Nigeria and Saudi Arabia had reiterated their firm commitment to the agreement between the...
The Central Bank of Nigeria (CBN) Monday directed banks to instantly halt the processing of new imports documents, seeking to bring maize into the country. It...
The Nigerian Stock Exchange (NSE) extended its downtrend further on Monday as bank and oil and gas stocks posted significant losses, and negative sentiment remained rife...
President Muhammadu Buhari on Monday reconstituted the Boards of the Nigerian Liquefied Natural Gas Limited (NLNG) and Bonny Gas Transport Limited (BGT) and appointed a former...
Oil prices declined on Monday, extending Friday’s losses as coronavirus infections touched their all-time daily high, following huge swells in infections during the weekend in the...
Deap Capital Management & Trust Limited Monday debunked reports that the Asset Management Corporation of Nigeria (AMCON) had taken possession of its assets over indebtedness totalling...
The Nigerian bourse posted gains last Tuesday, Wednesday and Friday while trade for the rest days ended in red with the corporate actions of the week...
The bargain process between Nigeria and China Railway Construction Corporation Limited (CRCC) regarding the construction of the Ibadan Inland Dry Port is almost consummated, the Nigerian...
Nigerians are pessimistic that the country’s galloping inflation rate would hamper the economy further in the next twelve months, data obtained from the Central Bank 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, mainstream business activities...
The Nigerian stock market depreciated by N15.522 billion this week, bringing the total loss so far this year to N288.951 billion, having opened in January with a market...
The National Bureau of Statistics (NBS) said on Friday the total public debt portfolio of the Federal and State governments stood at N28.63 trillion as at...
The Nigerian bourse made a return to winning ways on Friday as buy pressure in stocks like MTNN, Vitafoam and International Breweries improved market value by...
The Federal Government on Friday proposed a total expenditure of N11.86 trillion for the 2021 budget. President Muhammadu Buhari had earlier on Friday signed the revised...
Power distribution companies (Discos) Thursday said the capped tariff system introduced by industry watchdog, Nigerian Electricity Regulatory Commission (NERC), into electricity pricing cost them N13.9 billion...
Oil prices toppled on Friday, extending the previous session losses, over fears that re-imposed lockdowns and curbs aimed at putting the coronavirus spread on leash in...
