The Nigerian bourse sustained its current bull run Thursday, recording its fourth straight gain as heavyweight stocks pushed market capitalisation close to the N12 trillion mark....
Nigeria’s foreign reserves shrank by $5.09 billion from $38.53 billion to $33.44 billion in the nearly four-month period between 2nd January and 28th April 2020, the...
Vitafoam Nigeria Plc has reported a 128.9% leap in profit for the half year ended 31st March 2020, compared to the corresponding period of 2019. The comprehensive details...
Nigeria’s oil and gas exports are envisaged to plunge by a minimum of $26.5 billion as oil prices take a bashing from the coronavirus pandemic, the...
Nigeria has reviewed its oil export programmes for May and June downward in conformity with a global production cut agreement led by the Organisation of the...
Nigeria’s real sector investment shrank by $7.89 billion or 62% in the First Quarter of 2020 compared to the same period of 2019, the latest report...
Nigeria’s state-owned refineries recorded a combined operational loss of N9.6 billion in January 2020, the latest figures on the financial performance of the plants from the...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said Wednesday the Federal Government had disbursed the sum of N43,416,000,000.00 ($120.6 million) to 24 states...
Sustained buy pressure in blue-chip equities lifted the Nigerian bourse higher on Wednesday as the key performance indicators ended in the positive territory. Bargain-hunting, particularly in...
The Central Bank of Nigeria (CBN) said Wednesday it had resumed sale of dollar to commercial banks in the country in view of the gradual easing...
MTN Nigeria Communications Plc, has said its earnings increased by 5.6% to N51.146 billion at First Quarter 2020 relative to the same period of 2019. The...
Custodian Investment Plc has reported a profit of N1.857 billion for First Quarter 2020, translating to a 3.69% fall compared to the corresponding period of last year....
The U.S. dollar sold for N460 at the parallel market on Tuesday, which was more than 15% spread relative to the interbank rate of N387 to...
Oil prices showed signs of recovery Wednesday morning, modestly reversing some of the losses posted this week after storage in the U.S. rose less than expected....
Two more power plants in the country went idle on Tuesday, bringing the total to 8 as Nigeria’s power generation capacity suffered a major setback. Consequently,...
The Central Bank of Nigeria (CBN) said on Tuesday donations into the Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has hit N27,160,190,011.94. The Director of Corporate...
The market sustained its bull run Tuesday, appreciating by N58.154 billion as investors’ interest in blue-chip equities rose further. Buy pressure in bellwethers such as Nestle,...
What has been unveiled so far by CBN are mere palliatives, and are inadequate to stop the looming mass business failure. The 13 suggestions below should...
The Bank of Industry (BOI) has offered a three-month moratorium for all the loans it granted to borrowers to enable them deal with the impact of...
The Central Bank of Nigeria (CBN) has said it will resume cheque clearing effective from Tuesday. “In view of this, the Bank hereby lifts the temporary...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva on Monday said she expected the Fund to have granted Nigeria with considerable emergency financing...
Oil prices continued their free fall Tuesday morning as the world grappled with dwindling storage capacity and the fear that demand for fuel might recover slowly...
The Petroleum Products Price Regulatory Agency (PPPRA) has said Nigerians should be ready to pay high or low prices for petrol considering the price liberalisation scheme...
Finding High-Volatility Stocks to Day-Trade Highly volatile assets are appealing to traders due to their profit potential. Such stocks are exchanged in large volumes, allowing you...
The Nigerian equity market recorded a modest gain on Monday amid a lower trade volume compared to last week’s session. Bargain-hunting in blue chip stocks including...
Kaduna State Governor, Nasir El-Rufai will join a host of other discussants in a panel titled “This Isn’t the West – How Africa’s Informal Sector Responds...
The Nigerian bourse posted gains on the Wednesday and Friday sessions last week while trade in the rest of the week days ended in the negative...
Lagos-based upstream exploration and production company, Seplat Petroleum Development Company Plc, Monday reported an 89.5% leap in profit for Full Year 2019 compared to the relative...
Polaris Bank Limited has reported a Profit Before Tax of N27.8 billion for the financial year ended 31st December 2019. According to a statement released by the...
The U.S. dollar sold for N450 at the parallel market last Friday, having depreciated by 4.6% or N20 compared to the value at which it closed...
The Association of Private Transport Companies of Nigeria (APTCON) has countered the demand of airline operators for financial intervention with a demand of their own, stating...
Photo credit: Sagipl The Securities and Exchange Commission’s (SEC) proposed rules on Crowdfunding have elicited different reactions from stakeholders, it has rattled the cage of most...
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 while...
The Central Bank of Nigeria (CBN) has collected N1.4 trillion ($3.9 billion) from banks in the country with excess cash holdings as part of strategies to...
As the coronavirus crisis bites harder at aviation operations across the globe, Arik Air has said it would cut employees’ salaries by 80% beginning from April....
Both positive and negative sentiments defined investors’ attitude to the market this week as gains and losses were recorded in the five trade sessions. The bourse...
Trading on the Nigerian Stock Exchange ended on a positive note Friday as bargain-hunting efforts led the market to appreciate by N67.014 billion. Across the sector...
The Wema Bank board has announced its proposal of N0.04 dividend per share translating to a total dividend of about N1.543 billion for Full Year 2019. In its notice to...
Access Bank Plc has reported a N218.790 million or 0.53% plunge in its First Quarter 2020 profit compared to the same period of 2019. The full account...
The Federation Account Allocation Committee (FAAC) has remitted the sum N119.55 billion to the Excess Revenue Account, a statement from the Office of the Accountant General...
The United Nations Conference on Trade and Development (UNCTAD) is pushing for measures aimed at easing the debt burden of about $3.4 trillion on Nigeria and...
The Securities and Exchange Commission (SEC) of the United States has quit its inquiry into the acquisition of an offshore oil asset in Nigeria in 2011...
Profit-taking especially in blue chip equities led investors to dump large volumes of shares for sale Thursday as the market shed N161.302 billion. A negative market...
Nigeria’s oldest and biggest brewer, Nigerian Breweries Plc Thursday reported a 30.93% fall in its earnings for First Quarter 2020, compared to the corresponding period of 2019. The...
Despite an increase in pipeline vandalisation cases by 50%, Nigeria posted crude oil and gas export sales revenue of $434.85 million in January, the latest Monthly...
The Abuja Chamber of Commerce and Industry (ACCI) has warned the Nigerian government not to extend the current lockdown beyond 27th April, saying the decision is...
The Nigerian National Petroleum Corporation (NNPC) has said the country might have to halt the production of oil if the prices of oil continued to fall...
The Nigerian bourse rebounded on Wednesday after recording depreciation in the previous session. Gains posted by blue-chip equities led by WAPCO, Zenith Bank, BUA Cement, PZ...
The Federation Accounts Allocation Committee (FAAC) Wednesday shared N780.926 billion as revenue allocation for March to the federal, states, local governments and relevant agencies in the...
A consortium of multilateral institutions that includes the World Bank, the International Monetary Fund (IMF), the Paris Club and the G20 have agreed to grant a...
