There are fears that the prices of fuel products may increase as irregular foreign exchange rate fluctuations, has left many petroleum product depots vacant. Consequently, oil...
The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of the worst-performing...
The naira exchanged for N756.21 to a dollar at the Investors and Exporters window on Wednesday. The naira lost 1.48 percent compared to the N745.19 it...
The Nigerian equities market, on Tuesday, gained N213 billion, on the first trading day after the public holidays after the market ended last week with All-Share...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested that the licenses on oil block management granted some indigenous and international crude oil prospecting companies be...
The prices of basic food items in Nigeria have continued to soar as food inflation rate has climbed another notch in the month of August, according...
The cost of Automotive Gas Oil (AGO) popularly known as diesel has continued to hover around N990 and N1,100 despite the removal of Value Added Tax...
Nigerian cement manufacturer BUA Cement Plc has announced a reduction in the price of the product in Nigeria. Chairman of the company, AbdulSamad Rabiu, had stated...
The value of investments in the Nigerian capital market depreciated dipped by 0.10 percent on Friday. This represented a drop in the market capitalization by N36.38...
The three tiers of government shared a total of N1.1 trillion as revenue allocation for August. The Director of Press and Public Relations, Office of the...
The founder of Erisco Foods Limited, Eric Umeofia, has alleged that there are racketeers that determine who gets foreign exchange from the Central Bank of Nigeria...
The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, said on Thursday the Federal Government planned to put in place a N75 billion intervention fund...
Brent crude oil price rallied to $97.5 on Thursday, as the crude storage hub in Cushing, Oklahoma, United States, fell by 943,000 barrels to 22 million...
The Federal Government said the special investigator, Jim Obazee, has conducted an audit report on the Central Bank of Nigeria (CBN) and it would be released...
The presidency on Wednesday explained why President Bola Tinubu appointed a new management team for the Central Bank of Nigeria (CBN). The president on September 15...
As Olayemi Cardoso, the newly appointed governor of the Central Bank of Nigeria, assumes full control of the organisation this week, his biggest challenges will be...
The naira appreciated in the investors’ and exporters’ window of the official market on Tuesday after the dollar rate settled at N755.08/$1 by end of trading...
The equity capitalization in the Nigerian capital market crashed to N36.47 trillion at the close of trading on Tuesday. The figure was N126.1 billion or 0.34...
Nigerians have taken to social media to criticise Erisco Foods Limited and call for a boycott after reports emerged that the company arrested a customer for...
Cement Producers Association of Nigeria has said the price of cement could rise from N5,000 to N9,000 due to the Federal Government’s decision to replace conventional...
Capital Hotels has opened an escrow account to pay off shareholders exiting the firm ahead of its delisting from the Nigerian capital market. The firm confirmed...
Investors in Oando, Caverton Helicopters, and other equities in the Nigerian capital market lost N241.8 billion at the close of trading on Monday. This followed the...
The Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, LIRS, Mr Tokunbo Akande has clarified the misunderstanding about stamp duty as...
The planned strike by the Trade Union Congress on Monday, according to the organised private sector of Nigeria (OPSN), poses a serious threat to the country’s...
For this week’s stocks to watch, MTN Nigeria Airtel and Ellah Lakes should be on your list, as the Nigerian exchange return for another week of...
Access Holdings has reported that its group gross earnings for the first half of 2023 rose by 58.89 per cent to N940.31 billion, compared to the...
The Minister of Power, Adebayo Adelabu, said on Friday the Federal Government was working towards generating 20,000 megawatts of electricity by 2026. The minister, who disclosed...
The week ended with equity investors parting with N30.379 billion in 38,536 deals to trade 3.911 billion shares, stock data released by the Nigerian Exchange Limited...
A housing deficit refers to a situation where there is an insufficient supply of housing units to accommodate the population’s housing needs. This shortage of housing...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, owners of petrol stations that tamper with the fuel pumps would face penalties. Farouk Ahmed, the chief executive...
The equity capitalization in the Nigerian capital market crashed by 1.38 percent at the close of trading on Friday. This represented a N518.08 billion dip in...
The National Bureau of Statistics (NBS) said on Friday the average price of petrol per litre rose by 230.78 percent in August. The agency disclosed this...
The Central Bank of Nigeria (CBN), on Friday, said its newly appointed governor, Olayemi Cardoso, has subscribed to relevant oaths required to resume to his position...
The Nigerian Civil Aviation Authority (NCAA) said it has identified and suspended violators of its fueling regulations after a public outcry trailed the contaminated fuel found...
Sell-offs gripped the Nigerian capital market on Thursday leading to losses in Oando, Tantalizer, and other entities at the close of the day’s trading. The sell-offs...
The Central Bank of Nigeria (CBN) has postponed the Monetary Policy Committee (MPC) meeting slated for next week, days after the apex bank’s leadership was changed....
The World Bank said Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022, as the continent recorded an estimated $52.9 billion. According to...
President Bola Tinubu on Wednesday rang the closing bell at the Nasdaq Stock Market in New York. Tinubu, who was accompanied to the ceremony by the...
The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of microfinance bank (MFB) licence applications. The CBN’s Director of Corporate...
Trading in the Nigerian stock market ended on Wednesday with the equity capitalization depreciating by 0.03 percent. This represented a N12.86 billion dip in the market...
The United States deputy treasury secretary, Adewale Adeyemo, has dismissed speculations that he is in Nigeria to counter the influence of China on the Nigerian government....
The equity capitalization in the Nigerian capital market rose by 0.71 percent on Tuesday. This represented a N263.8 billion increase in the value of investments at...
President Bola Tinubu Tuesday assured investors of Nigeria’s readiness to take its rightful place in the global business environment. The president, according to a statement issued...
The chairman of Arik Air, Johnson Arumemi-Ikide, has been told to provide a suitable debt recovery plan before Assets Management Corporation of Nigeria (AMCON) returns the...
The Nigerian National Petroleum Company (NNPC) Limited says more management staff will be exiting the company on Monday, as the firm continues its leadership shakeup. According...
Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to N87.38 trillion...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya-Orji, said on Monday the oil and gas industry generated over $23 billion...
Investors with Chams, Stanbic and IBTC pocketed N260 billion at the close of trading on Monday. This followed the growth in the market capitalization from N36.88...
The total number of active subscribers for telephone services fell by 2.71 percent in the first half (H1) of 2023 following a decline in the subscriber...
The stocks to watch list this week consists of Fidelity Bank, Dangote Sugar and Associated Bus Company (ABC), after the capital market reacted negatively to their...