The International Monetary Fund (IMF) has identified the major fiscal challenge faced by Nigeria as “its very low revenue” and not its debt burden. The multilateral...
The Nigerian bourse recorded further loss on Tuesday as investors lost N2 billion to sell-offs. Today’s negative performance hinged on profit-taking in blue-chip equities led by...
Naira strengthened marginally against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, closing at N386 to...
Thousands of Nigerians are requesting British judges to grant them liberty to sue Royal Dutch Shell Plc in London for environmental degradation caused by oil spills...
Oil prices steadied on Tuesday, following a turbulent session triggered by uncertainty over the fate of U.S.-China deal. Markets were upset by shocking comments from White...
The Nigerian Stock Exchange (NSE) has upgraded its Data Portal (X-DataPortal) to provide better, user-friendly experience and improved services for subscribers. Oscar Onyema, the NSE Chief...
The Federal Government has said it was reviewing the ban on interstate travels and would soon decide on lifting it. This was disclosed by the National...
Virgin Atlantic has unveiled plans to resume flights from Lagos to London’s Heathrow Airport on 24th August, 2020. The international carrier declared in a statement on...
The Nigerian government on Monday declared that it would conduct a simulation trial of domestic flight operations at the Murtala Muhammed Airport in Lagos on Saturday...
The Nigerian bourse closed in the negative territory on Monday, extending the loss recorded at Friday’s session as investors lost N38 billion on the back of...
The Economic Community of West African States (ECOWAS) on Monday endorsed the candidacy of Nigeria’s former Minister of Finance and Coordinating Minister of the Economy, Dr....
The Nigerian Communications Commission (NCC) will on Tuesday unveil a five-year (2020-2025) Strategic Management Plan (SMP) in line with the objective of creating a seamless strategy...
Last week, equity investors lost about N185.674 billion due to intense profit-taking, raising the year-to-date return of the Nigerian Stock Exchange to -7.51%. We have selected...
Oil prices weakened on Monday over worries that a record increase in coronavirus cases globally might halt a rally in fuel demand, outweighing tighter supplies from...
Power distribution companies (Discos) on Sunday blamed the outrageous import duty on meters, imposed by the Nigerian government, for the low metering of electricity users 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...
The enrolment for a new set (Batch C) of N-Power beneficiaries will kick off on 26th June, the Nigerian government declared Friday. The online portal for the...
The Nigerian equity market contracted further on Friday as profit-taking especially in Dangote Cement, Okomu Oil and Guinness caused investors to lose N55.640 billion. A negative...
The Central Bank of Nigeria (CBN) has mobilised N216 billion ($598 million) from 26 banks with excess cash holdings as part of strategies to shore up...
Oil rose past $42 a barrel on Friday, increasing the gains recorded at the last session, after OPEC producers and allies agreed to meet supply cuts...
Nigeria’s total borrowing from China at the end of March stood at $3.121 billion (N1.127 trillion at N361/$), the Debt Management Office (DMO) has said. In...
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said the Nigerian government has prioritised seven of the country’s strategic minerals to harness the potential...
The Central Bank of Nigeria (CBN) Thursday said it would fund the value chains of nine agricultural commodities with N432 billion during the 2020 wet planting...
The Nigerian equity market closed on a negative note on Thursday as negative sentiment caused investors to lose N20.561 billion. The market posted a negative breadth...
The International Finance Corporation (IFC), a member of the World Bank Group, Thursday announced an investment in the sum of $100 million in Zenith Bank Plc...
Oil prices edged up on Thursday after a drop in U.S. oil product stocks, paving the way for further rises ahead of a meeting between the...
The Lagos State Governor, Sanwo-Olu, has declared that the state is developing measures to mitigate the impact of the coronavirus pandemic on the Micro, Small and...
Naira fell 6.2% lower against the United States dollar on Wednesday at the official market as traders quoted the local currency close to the over-the-counter spot...
The volume of crude oil imported by the United States from Nigeria plummeted by 61.7% in the first quarter of this year relative to the last...
Power Distribution Companies (Discos) in the country on Wednesday affirmed they were only able to access N58 billion from the Central Bank of Nigeria’s N213 billion...
The Federal Airports Authority of Nigeria (FAAN) and 19 other industry operators have handed in their operational restart plans to the Nigerian Civil Aviation Authority (NCAA)...
The Nigerian bourse rebounded on Wednesday, appreciating by N21.88 billion gain on the back of gains posted by Nestle, Flour Mills and Cadbury. The Consumer Goods...
Nigeria’s inflation rate rose for the ninth consecutive month in May amidst increase in food and drug prices, the statistics office said on Wednesday as the...
Oil prices slumped on Wednesday as data showed a rise in U.S. crude and fuel stockpiles, raising the prospect of glut as a potential new wave...
The Nigerian government on Tuesday in Abuja inaugurated an inter-ministerial task force with the mandate to ensure full implementation of Government Integrated Financial Management Information System...
The maritime sector’s contribution to the national economy stands at N7 trillion annually, the Nigerian Shippers’ Council (NSC) has revealed. Nevertheless, the industry requires the support...
Nigeria’s foreign reserves fell by $115.26 million in the one week period between 4th and 11th June 2020, data obtained from the Central Bank of Nigeria...
Nigeria’s aviation industry has recorded losses in the region of $700 million in the past 3 months to the coronavirus crisis, Funke Adeyemi, Africa Regional Director...
Two million smallholder farmers in Nigeria are to enjoy zero-interest financing options through the Agric for Foods and Jobs Plan (AFJP) as a mitigant against the...
Negative sentiment persisted in the market on Tuesday as profit-taking in bellwethers such as Flour Mills, MTN and Ardova caused the market to shed value further....
Oil prices posted modest gains on Tuesday, reversing earlier losses as optimism regarding additional cuts in crude output dampened the fears that a resurgence of fresh...
Naira weakened against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, falling to N386.50 a dollar....
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have signed a Memorandum of Understanding (MOU) aimed at ensuring that the tax agency...
The tension between Dangote Group and BUA Group over the ownership of Obu-Okpella mining sites in Edo State heightened further on Monday as the former denied...
Nigeria needs a minimum infrastructure spending equivalent to 18 per cent of its Gross Domestic Product by 2030 in order to attain Sustainable Development Goals, the...
The Nigerian equities market extended last week’s losses on Monday as profit-taking efforts caused investors to dump large volumes of stocks for sale. The market shed...
Africa’s leading cement producer, Dangote Cement Plc, Monday listed its N100 billion Series 1 Senior Unsecured Bonds on the Nigerian Stock Exchange (NSE). Issued by the...
The Federal Airport Authority of Nigeria (FAAN) has said that passengers willing to travel on resumption of flight operations in the country must be present at...
The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements for 2018 online in an effort to enhance the openness around its operations. NNPC...
Oil prices weakened on Monday, extending the losses recorded the week before as fresh coronavirus infections hit China, United States and Japan, worsening fears that a...
