Upstream exploration and production company, Seplat Petroleum Development Company Plc, said on Tuesday the $0.05 final dividend for Full Year 2019 it was proposing for shareholders...
The current economic downturn in Nigeria may fester if it resolves to enforce a 417,000 barrels per day (bpd) oil output cut, in fidelity to the...
Oil prices met sour-sweet fate Tuesday morning as profit-taking caused Brent to retreat after early gain, while the West Texas Intermediate (WTI) sustained its rebound with...
The National Bureau of Statistics (NBS) said on Monday N338.94 billion was generated as Value Added Tax (VAT) in the first quarter of this year. The...
The Nigeria bourse posted gain on Monday after closing flat on Friday, driven by appreciation in some big-cap and mid-cap stocks. While other sectorial indices depreciated,...
Global oil and gas firm, Total, Monday announced it was turning back from the acquisition of Occidental Petroleum’s assets in Ghana. Total and Occidental Petroleum had, sometime...
Oil prices advanced by over $1 per barrel Monday morning on the back of production cuts and hints of measured recovery in demand as the coronavirus...
Entrepreneurs in Nigeria are requesting a year tax relief to succour businesses crippled by the coronavirus outbreak, and postponement of execution of the new Value Added...
In the week that just went by, the Nigerian bourse posted losses on Monday and Tuesday, gains on Wednesday and Thursday while the market closed flat...
Nigeria LNG Limited has reported it has amassed more than $108 billion in revenue from Nigeria in the 31 years of its operation. The joint venture firm...
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...
London-based natural resources investment company, ADM Energy said the acquisition of a further 2.25% holding in Oil and Mining Lease (OML) 113 in the Aje oilfield was in...
The Federal Government of Nigeria led by President Muhammadu Buhari has revealed plans to set up palliatives to assist Micro Small and Medium Enterprises (MSMEs) survive...
Lafarge Africa Plc has reported a 156.5% expansion in after-tax profit for First Quarter 2020 relative to the same period of 2019. “I am proud of...
John Campbell, a former United States Ambassador to Nigeria has explained why Nigeria is experiencing a shortage of Foreign Exchange as countries around the world grapple...
The size of trade during the week, which ended Friday, was worrisomely low, partly occasioned by the necessity to trade away from the Nigerian Stock Exchange...
Traders in the black market segment of the Nigerian foreign exchange (forex) market are battling the most severe crunch so far this year as the recovery...
Friday, the Nigerian equities market closed flat, the first time this year, following a balance of power in buy and sell strain after two days of...
The Federation Accounts Allocation Committee (FAAC) on Friday shared N606.196 billion to the three tiers of government for the month of April. The Director of Information...
The Naira may continue losing value at the parallel market segment of the currency market as demand for dollar intensifies from accumulation of past foreign exchange...
Oil prices strengthened further early Friday with intimations of improving demand from China as the world’s most populous country continually relaxed movement restrictions from the coronavirus...
Inflationary pressure on the Naira might strengthen in the short term as the total currency in circulation enlarged from N2.29 trillion at the end of March...
Fiscal authorities in Nigeria amassed Value Added Tax (VAT) revenue totalling N338.94 billion in the first quarter of this year, reflecting a 9.87 per cent leap...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Thursday the Federal Government would roll out its policy on Liquefied Petroleum Gas (LPG)...
Investors’ passion for bank stocks are showing no signs of waning as bank stocks led trade on Thursday with Zenith, GTB and FBN Holdings accounting for...
A federal high court sitting in Abuja has vacated a ruling that barred the Nigeria Investment Promotion Council (NIPC) from spending its internally generated revenue. In...
Total Nigeria Plc has announced it is proposing to pay shareholders a dividend per share of N6.71 for Full Year 2019 as the public awaits the...
May and Baker Nigeria Plc has declared it would offer about N431.309 million in total dividend, translating to N0.25 per share for Full Year 2019. The...
Prices of oil strengthened on Thursday, boosted by a sudden decline in stocks in the U.S., the world’s biggest oil consumer, as the glut in the international...
The Nigerian government has endorsed the sum of N47.2 billion, aimed at lifting power generation in the country by 40 megawatts (mw). Kashimbilla Dam, located in...
The Nigerian Liquefied and Natural Gas (NLNG) Limited has offered, to a consortium of firms, the contracts of its $10 billion Train-7 project, which is envisaged...
High demand for the shares of Mobil and Total was instrumental in the Nigerian bourse’s first gain in four days on Wednesday. The Oil and Gas...
Airtel Africa Plc on Wednesday said it recorded an 11.2% leap in revenue for Full Year 2019, meaning its total income grew from $3.08 billion at...
The Nigerian government, at its Federal Executive Council (FEC) meeting Wednesday, endorsed the revised 2020 budget, adopting a benchmark of $25 per barrel after months of...
Nigeria’s foreign reserves expanded by $1.136 billion in the eleven-day period between 1st and 11th May 2020, compared to their balance of $33.521 billion at the end of...
Nigeria’s spending on petrol in the thirteen-month period between February 2019 and February 2020 came to N2.5 trillion out of the total N2.6 trillion expended by...
There is a strong likelihood that Nigeria and other sub-Saharan African countries will lose around $200 billion in income to the current global economic and public...
The Nigerian government has firmed up plans to ensure strict implementation of its policies on expatriate quota in the oil and gas sector by keeping foreign...
In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD/CEO of Heritage Bank Plc, Ifie Sekibo has suggested ways the...
Sell pressure on the stocks of three of Nigeria’s four biggest companies by market capitalisation —Dangote Cement, MTNN and BUA Cement —led the equity market to...
Indigenous scientists and research institutes passionate about finding lasting remedies to the coronavirus pandemic would receive the financial backing of the Central Bank of Nigeria in...
The Nigerian Economic Summit Group (NESG) stated in its Macroeconomic Outlook Update released on Monday that the economy required stimulus in the region of N10.1 trillion to mitigate...
NPF Microfinance Bank Plc Tuesday announced it would pay its shareholders a dividend per share of N0.20, translating to about N457.328 million for Full Year 2019,...
The Naira strengthened against the U.S. dollar at the Investors and Exporters window on Monday, appreciating by 31 kobo over the rate at which it traded...
Dearth of gas supply to Nigeria’s largest power plant, Egbin and 10 others were responsible for low electricity generation at the facilities on Monday. Other plants,...
Saudi Arabia’s vow to slash oil production in June as part of the measures to curb oil surplus at the global market and improve demand lifted...
Nova Merchant Bank has declared a 43% expansion in profit for Full Year 2019 on the back of a smooth implementation of its 2019 strategic plan...
As witnessed at the last session, the determination of many investors to cash out of their stocks caused the market to close in the negative territory...
The Nigerian Extractive Industries Transparency Initiative (NEITI) said Monday the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the federal, state, local governments and other...
Neimeth International Pharmaceuticals Plc has reported a loss of N26.055 million for Second Quarter ended 30th March 2020, compared to a profit of N144.476 million posted in...
