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...
Oil prices showed some signs of recovery Wednesday morning as US oil futures jumped by over 20% and Brent eased after falling for two days as...
The Central Bank of Nigeria (CBN) will kick off the disbursement of the N50 billion fund, aimed at supporting households and Micro Small and Medium Enterprises severely...
The Nigerian equity market closed in the negative territory on Tuesday as profit-taking activities in blue-chip stocks triggered a loss of over N151.392 billion. A negative...
The global oil price benchmark, Brent crude, on Tuesday extended its decline, dropping to $19 per barrel, amid the demand collapse caused by reduced economic activity....
Airline operators in the country have called on the Nigerian Government for an opportunity to be included among the beneficiaries of the N50 billion COVID-19 Intervention...
Nigeria’s inflation rate hit 12.26% year on year in March, marking the highest point it had attained in 23 months, the National Bureau of Statistics (NBS)...
The output levels of Nigeria’s hydropower plants recorded rapid depletion in the last couple of days, which saw the entire power generation slip to 3,757MW. Data...
US oil prices plummeted to their lowest points in 22 years on Monday as crude storage facilities filled up swiftly in the face of falling demand...
The Nigeria bourse recorded its first loss in nearly two weeks on Monday as profit-taking in a number of blue-chip equities caused market capitalisation to dip...
With so much investment diverted by industry leaders into tech lately, the race to go completely digital has become fiercely intense, with tens of thousands of...
Nigeria and other African countries can overcome the coronavirus crisis by looking “at the lessons learnt from the crisis and heed the urgency for change that...
The Nigerian bourse recorded gains in all its sessions last week, making it one of the best weekly performances so far this year. We have selected...
The removal of subsidy payment on petroleum products by the Nigerian National Petroleum Corporation (NNPC) will prove a major paradigm shift for the oil and gas sector in...
Nigeria and other countries in Africa require $114 billion to tackle the coronavirus pandemic successfully, the International Monetary Fund (IMF) has said. A statement released by...
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 African Development Bank (AfDB) has refuted a claim in news reports that it plans to provide financial support to the East African Crude Oil Pipeline...
A new report by the Organisation of Petroleum Exporting Countries (OPEC) has revealed that a slump in fuel imports by Nigeria and other countries in West...
The Managing Director of the International Monetary Fund, Kristalina Georgieva, and the President of the World Bank, David Malpass Friday declared that China and other G-20...
The African Union Economic, Social and Cultural Council, Nigeria office has enjoined Nigeria’s bilateral creditors – China, Japan, India and France – to either write off...
Funds contributed through the Private Sector Coalition Against COVID-19 (CACOVID) reached N25.89 billion on Friday, a statement from the Central Bank of Nigeria (CBN) has shown....
Nigeria’s premium crude oil grade, Bonny Light, dropped to about $12 or $13 per barrel this week, according to traders monitoring the West African Market. The...
The market recorded gains in all its four sessions this week with no activity recorded on Monday being public holiday commemorating Easter. Nigerian Breweries, Conoil and...
The Nigerian equity market recorded its fourth gain in a row on Friday, meaning that all the sessions for this week closed on a positive note....
The Organisation of Petroleum Exporting Countries (OPEC) has said there will not be a rebound in the global demand for crude until the second half of...
The Lagos-Ibadan rail project is just 10% away from full completion, the Nigerian government has said. Sabiu Zakari, the outgoing Permanent Secretary of the Federal Ministry...
Power generation companies (Gencos) have claimed they are not aware of any N200 billion paid to the power industry by the Nigerian government in the past...
The value of transactions executed online by bank customers rose to N11.44 trillion in March 2020, the latest statistics from the Nigeria Inter-Bank Settlement System (NIBSS)...
The Buhari Media Organisation (BMO) has faulted the forecast by the International Monetary Fund (IMF) that Nigeria’s Gross Domestic Product (GDP) would contract by 3.4% in...
Chevron Nigeria Limited (CNL) said on Thursday its workforce, both expatriate and indigenous, were free of the coronavirus. The company said in a statement issued by...
Bargain-hunting in bellwether stocks continued Thursday, causing the Nigerian bourse to record its third gain in a row this week. All the key market indicators ended...
Minister of Finance, Budget and National Development, Zainab Ahmed has explained why Nigeria was excluded from the debt relief granted to 25 countries by the Executive...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, Wednesday disclosed that the Federal Government had paid more than N200 billion to...
FBN Holdings Plc, the parent company of Nigeria’s oldest banking institution – First Bank of Nigeria Limited – Wednesday declared its intention to divest its 65%...
The Nigerian government has cut the price of fertiliser by 20% as part of measures deployed to curb the impact of COVID-19 on agricultural production. Jigawa...
The Nigerian power sector incurred losses totalling N65.56 billion last month owing to challenges ranging from inadequate gas supply to poor distribution and transmission facilities, data...
Capital outflow of more than $4.2bn has been lost by Nigeria and some other sub-Saharan Africa countries since the end of February as a result of...
The bull run entered its fifth day Wednesday in the Nigerian bourse, primarily driven by bargain hunters’ preference for blue-chip equities in the industrial, banking, and...
Global airline passenger revenues will contract by $314 billion in 2020, a 55% plunge relative to the 2019 figure. The International Air Transport Association (IATA) said Tuesday in...
Applications numbering over 80,000 have been received by the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) from individuals and businesses for the central bank’s...
A surplus of Nigerian crude weighed on the international oil market on Tuesday with lower demand from China than in the past couple of weeks. Nigeria...
The Central Bank of Nigeria (CBN) has introduced a number of measures and strategies targeted at building a more resilient and more self-reliant national economy in...
The Ministry of Humanitarian Affairs, Disaster Management and Social Development has said the 500,000 N-Power enrollees across the country would begin getting their monthly entitlements from...
Resuming from a 2-day Easter holiday, the Nigerian stock market appreciated by N258.451 billion on Tuesday, marking the fourth daily gain in a row. Today’s positive...
The International Monetary Fund (IMF) Tuesday forecast that Nigeria’s Gross Domestic Product (GDP) would contract by 3.4% in 2020 after expanding by 2.2% last year. In...
1. Households with verifiable evidence of livelihood adversely impacted by COVID-19 are eligible. 2. The credit is also available to enterprises with verifiable evidence of business...
With the growing cases of the Coronavirus in Nigeria after the first case was reported on February 27, the government started taking measures to combat the...
Bank accounts totalling 300,000 were abandoned by Nigerian bank account holders in the first quarter of 2020, the latest statistics from the Nigerian Interbank Settlement Scheme...
In reaction to the current crisis induced by the COVID-19 pandemic, the Lagos Chamber of Commerce and Industry (LCCI) has expressed worries about economic sustainability and...
The International Monetary Fund (IMF) on Monday granted debt relief to a group of 25 countries largely dominated by African nations. It identified the beneficiaries as...
