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...
African Development Bank’s (AfDB’s) head Akinwunmi Adesina Wednesday refuted an indictment for code of ethics breach, dismissing it as a smear campaign intended to ruin his...
The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. The Director of Public Affairs, NCC, Dr. Henry Nkemadu,...
The World Bank has announced the approval of $346m for two projects targeted at strengthening resilience and livelihoods in the Lake Chad region, comprising of Nigeria,...
The board of the African Development Bank (AfDB) has promised to conduct an independent investigation of its chief, Akinwunmi Adesina. This came following U.S. Treasury Secretary,...
The Lagos State Internal Revenue Service (LIRS) has shifted the deadline for filing of annual tax returns in the state to 30th June, a statement from...
Oil prices weakened on Wednesday as fears over the speed of fuel demand recovery hurt sales despite the increasing removal of coronavirus curbs in several countries,...
Total banking transactions executed during the Ramadan holiday that just went by came to 3.4 million transactions, live updates of the Nigerian Interbank Settlement System (NIBSS)...
Shell Nigeria Exploration and Production Company (SNEPCo), the Nigerian operation of the global oil supermajor, Royal Dutch Shell, has embarked on closure of Bonga crude oil...
Foreign capital importation into Nigeria nosedived by 31.19% to $5.854 billion in the first quarter of this year relative to the corresponding period of last year...
Oil appreciated Tuesday, spurred in part by improving investors’ sentiment that oil-producing economies will fulfil their pledge to slash output and also by signs of growing...
The Nigerian government’s resolve to accomplish its fiscal ambition by looking the way of the domestic fixed income market to raise fund will stimulate financial market...
Total generated power in the country slumped dramatically to 2,626.9MW on Monday from the 3,738MW reported the day before, signalling a 42% single-day fall, data from...
Africa’s largest economy stands a chance of shrinking next quarter from the shocks of curbs placed on commercial operations in an effort to rein in coronavirus...
Leading drug-maker, GlaxoSmithKline Consumer Nigeria Plc recorded a 12.8% uptrend in its gross earnings for full year 2019, its annual report and financial statements, published by the...
MTN Nigeria Communications Plc has declared its ambition to raise a sum of N50 billion through its Series I and II Commercial Paper issuance to bridge...
Nigeria’s Gross Domestic Product (GDP), which measures the size of the economy, grew by 1.87% in the first quarter of 2020, 0.68% lower than the rate of growth...
U.S. Treasury Secretary Stephen Mnuchin has resisted attempts by the African Development Bank’s (AfDB’s) board to stop an investigation into its president, Akinwunmi Adesina, and requested...
The market was bullish throughout last week, adding up N694.335 billion or 5.59% week on week as the appetite for investment deepened across the investing public....
Oil prices dipped in the early hours of Monday in response to the evolving cold war between the United States and China regarding the latter’s intention...
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 market maintained an upbeat trend throughout this week as buy pressure outweighed investors’ desire to sell off their stocks. Trade volume was at six-week high...
Revenues generated by states internally in 2019 came to N1.33 trillion, N16 billion higher than that of 2018, the statistics office said on Friday. “The 36...
The Nigerian equity market closed on an upbeat note Friday, triggered by gains in blue-chip stocks. However, a positive market breadth was recorded as 29 losers...
Naira traded at N460 to the U.S. dollar on the parallel market Thursday, having stayed at the same rate of exchange for two days without budging,...
Contractors yet to be paid the N17 billion balance of the jobs awarded them by the Federal Ministry of Agriculture and Rural Development in 2018 are...
Oil prices weakened early Friday following China’s refusal to perfect an economic growth plan for this year, stoking fears that the impact of the coronavirus pandemic,...
Nigerian government’s earnings from oil and gas sector dwindled by N125.52 billion in the first quarter of this year as oil receipts came in trickles into...
Oil marketers in Nigeria are ramping up the campaign for full liberalisation of the downstream segment of the oil and gas industry as Africa’s biggest oil...
The Central Bank of Nigeria (CBN) Thursday rescheduled its Monetary Policy Committee (MPC) meeting slated for next week due to the public holidays declared by the...
Buy pressure in blue-chip stocks lifted the market higher Thursday as market capitalisation expanded by N159.553 billion The Insurance Index posted the biggest sectorial gain, going...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday the World Bank had proposed the disbursement of $1.5 billion to states as...
Nigeria’s inflation touched its two-year high of 12.34% in April, the statistics office said on Thursday, propelled by rise in food prices as Africa’s biggest economy...
The Association of Bureaux De Change Operators of Nigeria (ABCON) Wednesday warned members and speculators in the currency market to abstain from the practice of putting...
Oil prices maintained their upward drift Thursday morning, buoyed by a reduction in U.S. crude stock and production cuts by big oil-producing nations, which helped to...
The Nigerian National Petroleum Corporation (NNPC) took the latest decision of marking down the ex-depot price of petrol in a bid to keep it competitive after...
Oil marketers in Nigeria now have the liberty of importing petroleum products alongside the Nigerian National Petroleum Corporation (NNPC) as the liberalisation policy of the downstream...
The Nigerian bourse further gained Wednesday as the prices of a couple of heavyweight bank and industrial stocks strengthened. Buy pressure on Dangote Cement, BUA Cement,...
The National Bureau of Statistics (NBS) said on Wednesday the country imported 20.89 billion litres of Premium Motor Spirit (PMS), also known as petrol, in 2019....
BUA Cement Plc, which debuted on the Nigerian Stock Exchange (NSE) with common stocks numbering well over 33.864 billion in January, has reported a fall in after-tax profit...
Oil prices waned early Wednesday as panic of prolonged repercussions of the coronavirus outbreak overshadowed signs of increasing demand and output cuts by chief oil producing...
Workers of the defunct Nigeria Airways on Tuesday pleaded with the Federal Government to pay their outstanding pension entitlements. The workers also lamented that the non-payment...
Goods with local equivalents will no longer have the foreign exchange (forex) support of the central bank to import them as Nigeria grapples with a rapidly...
Over 5,000 beneficiaries of the Central Bank of Nigeria (CBN)’s N50 billion COVID-19 Targeted Credit Facility will receive their funds before the week runs out. Yusuf...
The Nigerian bourse extended its gains on Tuesday by N136.087 billion, helped by a 2.08% lift in the Banking Index to 289.69 basis points on the...
Lafarge Africa Tuesday announced a retreat from its proposed capital spending for the rest of this year after the cement-maker estimated that the coronavirus outbreak would...
