Nigerian Breweries PLC Thursday announced it was floating a commercial paper aimed at generating capital in the neighbourhood of N48 billion from the investing public. Commercial...
International credit rating agency, Fitch Ratings, has noted in its latest outlook for the Nigerian banking sector that banks across the country face acute threats from...
Between 2nd January and 1st April this year, Nigeria’s foreign reserves declined by $3.02 billion or 7.83%, moving from $38.53 billion to $35.16 billion in between the periods. The country’s...
Global oil prices rebounded to more than $30 a barrel for the first time in almost a month on Thursday after Saudi Arabia and Russia signalled...
In spite of the downtrend in market activities spurred by the need for investors to trade remotely in the wake of the coronavirus crisis, the Nigerian...
Commercial Banks across the country are reducing the thresholds for the amount individuals can spend abroad in order to avert hitches that may arise from foreign...
Nigerian banks recorded total Non-Performing Loans (NPL) of N1.05 trillion at Full Year 2019 compared to the N1.79 trillion posted in the corresponding period of 2018,...
The latest debt profile of Nigeria has revealed that borrowing by the Federal Government alongside the 36 states of the federation plus the Federal Capital Territory...
The Kano State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to ignore the reduction of the price of petrol...
Fund amassed so far from private sector companies, mobilised by the Central Bank of Nigeria (CBN) towards tackling the coronavirus crisis, hit N15 billion in Wednesday....
The latest audit report by the Nigerian Extractive Industries Transparency Initiative (NEITI) has revealed that the Nigerian government expended the sum of N722.3 billion on subsidising...
African Ministers of Finance are seeking debt relief from international lenders to buffer the effects of COVID-19 on national economies within the continent. According to them,...
Nigerian Breweries (NB) Plc Wednesday notified the Nigerian Stock Exchange (NSE) and the investing public of the resignation of Mr. Atedo Peterside from its board of...
The bear run on the Nigerian bourse continued Wednesday as sell pressure in blue-chip stocks caused key performance indices to end in the red. A negative...
MTN Group Limited said it would not back down from its plan to offload 15% of its shareholding in MTN Nigeria to indigenous investors even if...
The Nigerian Naira Tuesday plummeted to its weakest point since February 2017 at the parallel market amidst exacerbating dollar crunch induced by the central bank’s tightening...
Beneficiaries of the One Local Government One Product (OLOP) credit scheme of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are to enjoy a...
Montreal-based International Air Transport Association (IATA) Tuesday forecasted that airlines across the world could expend $61 billion of their cash reserves and record a quarterly net loss of $39 billion...
The Nigerian Government Tuesday night slashed the pump price of gasoline from N125 to N123.5 per litre, the second time in less than two weeks it...
The Nigerian stock market recorded the second consecutive loss this week Tuesday as profit-taking led the market to close in the negative territory. So far this...
Mondelez-backed beverage and chocolate maker, Cadbury Nigeria Plc, has declared a N0.49 final dividend per share for Full Year 2019. According to the confectioner’s notice to the Nigerian...
Glassware manufacturer, Beta Glass Plc, has announced a 10.4% expansion in its after-tax profit for Full Year 2019. The comprehensive account of the firm’s financial performance in...
A new electricity tariff regime, which will effect increase in different electricity rate categories, begins tomorrow Wednesday 1st April 2020. The new regulation had been announced...
The Naira exchanged for N412 per dollar on Monday at the Bureau De Change (BDC), shedding N10 in one day after selling for N402 last Friday. The...
The Central Bank of Nigeria (CBN) Monday suspended clearing of cheques until further notice. The Director of Banking Services at CBN, Mr. Sam Okojere, who disclosed...
Negative sentiments dominated activities in the Nigerian bourse Monday as intense profit-taking cost the market N276.727 billion. All the key performance indicators closed in the negative...
President Muhammadu Buhari Monday approved “skeletal operations” by banks and other key players in the financial services sector following the restriction order placed on Abuja, Lagos...
Oil prices plummeted to their lowest levels in seventeen years Monday on the back of a glut-induced fall in demand as the global oil market battles...
Nigeria’s petroleum regulator has given a directive to oil and gas firms to reduce their offshore personnel and adopt 28-day staff rotations in a bid to...
The Market Capitalisation of the Nigerian equity market depreciated by N174.820 billion in the week that just went by even though Exchange bucked market trends to...
The Central Bank of Nigeria (CBN) has announced that the N100 billion health intervention fund earmarked for tackling the COVID-19 crisis will terminate in 2030. “The...
The Central Securities Clearing System (CSCS) has adopted full digitalisation in its operations, aimed at checking the disruptive effects of the COVID-19 outbreak on its business....
The International Monetary Fund (IMF) has inaugurated a fund-raising initiative through its Catastrophe Containment and Relief Trust (CCRT) that would enable it provide additional debt service...
President Muhammadu Buhari on Sunday suspended the movements of all passenger aircraft, both commercial and private jets in Nigeria, following the spread of coronavirus in the...
Beneficiaries of government-backed microcredit schemes –TradeMoni, MarketMoni and Farmer Moni –will proceed on a three-month loan repayment holiday as succour for the harsh economic conditions induced...
The Nigerian National Petroleum Corporation (NNPC) has declared that it has enough petroleum products to serve Nigerians for over sixty days, saying there is no reason...
Bond credit rating agency, Moody’s Investors’ Service has lowered South’s Africa’s sovereign credit ranking below investment status, bringing it down from ‘Baa3’ to ‘Baa1’ as the rainbow nation...
The Federal Account Allocation Committee (FAAC) has said that the 36 state governments in the country expended N3.6 billion on debt service in January this year....
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...
Nigeria’s Bonny Light is defying the price slash strategy intended to attract buyers just as refineries in India are adopting production cuts and European plans are...
The BUA Cement Group has added N300 million to its earlier donation of N1 billion for the fight against Covid-19. The group’s Chairman, Abdulsamad Rabiu, has...
The volume of trade in the market fell by nearly half this week, raising fears of incremental decline and acute investors’ apathy in the weeks ahead...
Zainab Ahmed, Minister of Finance, Budget and National Planning Friday said the Nigerian economy might slip into recession in six months, the same day Kristalina Georgieva,...
Pressures from poor availability of the American dollar in the currency market crashed the value of the Naira to N402 against the currency on Friday, the...
The International Monetary Fund (IMF) Friday officially confirmed that the global economy has moved into a recession. Kristalina Georgieva, boss of the Washington-based lender, said developing...
For the second day running, the Nigerian bourse recorded modest appreciation driven by increasing positive sentiments among equity investors despite the general economic uncertainties. A positive...
BOC Gases Nigeria PLC has announced its Full Year 2019 profit plummeted by 39.61%, compared to the figure it posted in the corresponding period of 2018. The...
Africa’s richest man and the President/Chief Executive, Dangote Industries Limited, Aliko Dangote has dropped down the Forbes rich list after his total net worth dropped by...
Tier 2 lender, Sterling Bank Plc Thursday announced it was proposing a dividend of N0.03 per share for Full Year 2019. The board resolution came on the heels...
The Central Bank of Nigeria (CBN) Thursday struck a synergy with the organised private sector, headed by the Aliko Dangote Foundation and Access Bank Plc, and...
