Power generation companies (Gencos) in the country have expressed opposition to the recent calls for the reversal of the power sector privatisation by the Senate. Speaking...
The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, said on Sunday the agency would continue to advise oil marketers on the...
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 Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+ on Saturday agreed to extend their record output cuts by one month. In a statement...
The market was largely bearish this week as several investors were intent on cashing out their investments, consequently putting up large volumes of stocks for sale....
Members of the House of Representatives Friday affirmed they would prevent the Transmission Company of Nigeria (TCN) from offering expatriates power contracts while ignoring eligible Nigerians...
The entire portfolio of the African Development Bank (AfDB), made up of 61 operations, climbed from $4.5 billion to $5 billion between March and December last...
The Nigerian National Petroleum Corporation (NNPC) said on Friday pipeline vandalism, crude oil theft and other criminal activities were responsible for high cost of crude oil...
The last trading session for this week closed on a negative note Friday as sell pressure on the stocks of two of the most capitalised companies...
The National Bureau of Statistics (NBS) has declared that 42 per cent of the respondents it surveyed in its newly released COVID-19 Impact Monitoring report were...
Oil prices advanced further on Friday as traders expect signals from a conference that could hold this weekend among key oil producing countries to consider the...
The Central Bank of Nigeria (CBN) will auction treasury bills worth N821.797 billion with varying tenors in the third quarter of this year, its issue programme...
The Nigerian government has declared that a new initiative named Green Imperative valued at $1.2 billion, under the Nigeria-Brazil Bilateral Agriculture Development Programme, will revolutionise the...
The board of governors of Africa’s biggest multilateral lender, African Development Bank (AfDB), plans to commission a fair-minded personality of global repute to carry out an...
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday removed the cap on the price of Premium Motor Spirit (PMS) and gave oil marketers the licence...
The Central Bank of Nigeria, CBN, Tuesday, announced a new rise of the nation’s foreign reserves by $2.7bn after long-witnessing major decline for several months. According...
The prices of oil in the international market witnessed a surge on Wednesday, with Brent, Nigeria’s flagship crude grade rising to $40 over continued optimism that...
The Lagos State government, in a presentation highlighting various implications of the coronavirus pandemic on the economy, has revealed that about N2.3 trillion was cut short...
The Nigerian equity market maintained its upbeat trend Tuesday even though a marginal increase was recorded, thanks largely to gains recorded by large-cap stocks including Dangote...
The House of Representatives Tuesday admonished the board of governors of Abidjan-based African Development Bank (AfDB) to disregard the request for a fresh investigation into allegations...
The Kano State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Tuesday, directed its members to adopt the latest fuel pump price modulation released...
The Nigerian government has handed fuel marketers promissory notes totalling N168 billion and redeemable in 3 years to oil marketers as settlement for the subsidy debts...
Oil prices edged up on Tuesday on traders’ expectation that major oil-producing economies would consent to retain their hefty production cuts to strengthen prices at an...
Nigeria’s currency, the Naira advanced 2.2% against the American dollar on Monday at the black market segment of the currency market, exchanging at N440 for the...
Indigenous firms and investors, seeking involvement in the oil and gas exploration and production business in Nigeria, are now at liberty of taking part in the...
The equity market added N24.193 billion on Monday with heavy trading in the shares of FBN Holdings, GTB and Japaul accounting mostly for the volume of...
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday declared a new pump price band of N121.50 to N123.50 per litre for Premium Motors Spirit also...
Nigeria’s manufacturing sector recorded a contraction for the first time in the just concluded month of May after recording growth for 36 consecutive months, data obtained...
Oil prices dipped by almost 1% on Monday as traders played safe with the Organisation of the Petroleum Exporting Countries contemplating a meeting this week to...
Nigeria’s external reserves expanded by $732.656 million or 2.1% in the one week period between 21st to 28th May 2020, data published by the Central Bank of Nigeria...
The Nigerian bourse held three sessions last week due to the public holiday on Monday and Tuesday, declared to commemorate the Ramadan festival. Consequently, activities were...
The Central Bank of Nigeria (CBN) has reviewed its guidelines for the operation of electronic payment channels in the country and has directed banks and payment...
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...
President Muhammadu Buhari has reconstituted the board of state-owned Nigerian National Petroleum Corporation (NNPC) after the tenures of members appointed in 2016 expired. The president’s decision...
Yield on Nigerian government’s five-year bond shrank by 200 basis points or 2% on Friday with returns falling across maturities after the Central Bank of Nigeria...
Fewer trading sessions were conducted this week than the last due to a two-day break on Monday and Tuesday, observed in commemoration of the Ramadan festival....
The Nigerian stock market returned to winning ways on Friday as the Industrial Index emerged the best performer across the sectorial indices with two of the...
Dangote Sugar Refinery Plc Friday reported it posted a slump in profit in the sum of N631.816 million between January and March this year relative to the...
Oil prices dipped for the third straight day Friday, setting in motion its first weekly loss in two fortnights and a week, as U.S. stock statistics...
The Asset Management Corporation of Nigeria (AMCON) is clamouring for a stimulus from the Nigerian government that will help the aviation sector refind financial balance and...
The Central Bank of Nigeria (CBN) has projected that Nigeria will turn in a negative Gross Domestic Product in the second quarter of this year considering...
State-owned Nigerian National Petroleum Corporation (NNPC) aims to scale down oil production spending by as much as between 33 and 41 per cent to attain a...
Large volumes of heavyweight bank stocks –FBN Holdings, Access Bank, Zenith Bank, UBA and GTB –were dumped for sale at Thursday’s trade session of the Nigerian...
The Central Bank of Nigeria (CBN) Thursday afternoon reviewed the Monetary Policy Rate (MPR) downward by 100 basis points downward to 12.5% from 13.5%, which had...
Chemical and Allied Products (CAP) PLC Wednesday reported its Full-Year(FY) revenue for the 2019 financial year swelled by N740.335 million while its profit for the period...
Oil prices extended losses early Thursday as industry statistics from the United States, the world’s biggest oil producer and consumer, reflected a rapid and dramatic increase in...
Slow European demand for Nigerian crude on Wednesday gave cautious hope to Nigerian and other West African traders with India and China showing the biggest interest...
The Central Bank of Nigeria (CBN) Wednesday announced it was offering a moratorium of 12 months to beneficiaries of its Other Financial Institutions (OFIs) COVID-19 intervention...
President Muhammadu Buhari has endorsed a revamp pact with Germany’s multinational engineering firm, Siemens AG, to transform the country’s moribund power sector. Nigeria scaled the first...
The total market value of Nigerian stocks at the close of business on Wednesday was just a leap over the figure posted at the last session...
