The Central Bank of Nigeria (CBN) has halted the operations of the Bureau de Change (BDC) segment of the foreign exchange market as part of the...
The Nigerian equity market rebounded today after a loss at Wednesday trade largely by reason of aggregate gain recorded by a number of blue-chip bank stocks....
Pan-African lender, United Bank for Africa (UBA) Thursday said it would earmark $14 million (around N5 billion) to strengthen the campaign against the covid-19 scourge in...
The Consumer Expectations Survey Report (CES) of the central bank for the first quarter of this year suggests that individual Nigerians as well as businesses are...
Spending on Nigeria’s comatose state-owned oil refineries came to N218.18 billion in 2019, figures from the Nigerian National Petroleum Corporation (NNPC) Wednesday have shown. Port Harcourt...
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary...
A leading transport company in Nigeria, GIGMobilty is offering to play a big role in the nation’s fight against the spread of the novel coronavirus which...
The Federal Government on Wednesday proposed the reduction of oil benchmark from $57 to $30 per barrel. The Minister of Finance, Zainab Ahmed, disclosed this after...
Players in the nation’s aviation sector on Wednesday declared a total lockdown of the industry after five airlines announced the suspension of flight services effective this...
Dangote Cement Plc has, through its Board of Directors, announced a campaign to raise debt valued at N300 billion under its Shelf Registration Programme, the first...
The Central Bank of Nigeria (CBN), at the high point of its Monetary Policy Committee (MPC) Tuesday, gave a bleaker economic outlook for Nigeria and the...
In a concerted campaign to devise legislation aiming to provide timely financial succour to Nigerians in the aftermath of the coronavirus outbreak, the House of Representatives...
The Nigerian stock market swung back to the positive territory at the end of Tuesday’s trade as bargain-hunting impacted the market capitalisation moderately. A positive market...
Rising from its two-day Monetary Policy Committee (MPC) meeting today (Tuesday), the CBN declared the retention of the subsisting Monetary Policy Rate (MPR) at 13.5% in...
The Federation Account Allocation Committee (FAAC) Monday distributed funds worth N581.56 among the three tiers of government, triggering a 10% decline month on month, and raising...
A statement from the International Monetary Fund (IMF) Monday said the impending global financial crisis, spurred by the COVID-19 plague might equal the Great Recession of...
The latest Monthly Financial and Operations Report of the Nigerian National Petroleum Corporation (NNPC) has revealed that Nigerian refineries lost the sum of N376.56 billion between...
Nigeria has marked down the prices of different grades of its crude in an effort to stimulate sales and clear glut after buyers rejected more than...
The Nigerian Stock Exchange (NSE) said Monday it would temporarily close its trading floors and engage in remote trading over the coronavirus pandemic in the country....
Panic selling persisted in the market on Monday with heavy sell pressure on banking stocks dragging the Banking Index by 9% to 220.66 basis points, the...
Nigeria’s principal revenue collection agency, the Federal Inland Revenue Service (FIRS) recorded a tax revenue performance of N338.1 billion in January this year, latest data on...
Statistics released on Sunday by the Nigerian National Petroleum Corporation (NNPC) reflects that it sold around 21.51 billion litres of petrol estimated at N2.64 trillion, indicating...
Last week, the Nigerian Stock Exchange’s (NSE’s) Market Capitalisation crumbled by N279 billion, setting off a negative week-to-date return of 2.35%. It is pretty probable that...
Construction firm, Julius Berger Nigeria Plc has announced a proposed bonus issue of one new ordinary share for every five ordinary shares currently held. The firm is simultaneously proposing a...
MTN Nigeria Sunday said its team would start working from home as part of the precautionary measures to stop the spread of COVID-19 The company’s Senior...
Union Bank of Nigeria has adjusted its daily operations over the coronavirus pandemic in the country. The bank directed its staff to work from home in...
Lagos-headquartered transnational oil and gas firm, Seplat Petroleum Development Company Plc, Friday announced a final dividend of $0.05 for Full Year 2019 subject to shareholders’ approval at the next Annual...
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...
NASCON Allied Industries Plc has announced a dividend proposal of N0.40 per share for Full Year 2019. The proposed dividend is a steep fall from the N1 per...
In a bid aimed at tightening regulatory controls in the Foreign Exchange (Forex) market and rein in dollar supply, the Bankers Committee has issued a directive...
Beverage and confectionery maker, Cadbury Nigeria Plc, has recorded a 30% growth in its after-tax profit for Full Year 2019 relative to the figure posted in the...
The Central Bank of Nigeria (CBN) according to a statement that became public Friday, has technically devalued the Naira exchange rate for the dollar on the...
Negative sentiments are still rife across the Nigerian bourse, reflected in how shares are being dumped for sales in enormous volumes week after week. The glut...
For the second time in three days, the Nigerian bourse rallied at the end of Friday’s trade, driven by bargain hunting activities in a couple of...
Access Bank Plc has concluded a cross-border listing of its N15 billion green bond on the Luxembourg Stock Exchange (LuxSE), making it the first Nigerian commercial...
Indications emerged on Thursday that the new petrol price of N125 per litre announced on Wednesday might be reconsidered in less than two weeks. The Petroleum...
The International Air Transport Association (IATA) has noted that the far-reaching economic impact of COVID-19 could cost the aviation industry as much as $434 million (around N159.278...
The House of Representatives Thursday issued a notice, inviting the Chief Executive Officers (CEOs) of some telecommunication firms in the country to appear before it in...
Profit-taking efforts in bellwether stocks across the banking, industrial, telecoms and ICT sectors Thursday caused the market to record tremendous loss, easily reversing the modest gain...
The House of Representatives said on Thursday it would investigate the Central Bank of Nigeria (CBN) Anchor Borrowers Programme over non-recovery of N81.5 billion from companies....
After more than three and a half hours of intense deliberations Wednesday, the monthly Federal Account Allocation Committee (FAAC) meeting came to a halt without resolution...
The Federal Government, through its National Electrification Project (NEP), has brokered a deal with the African Development Bank (AfDB) intended at curbing severe power generation challenges...
One of Nigeria’s foremost airlines, Arik Air, on Wednesday, suspended its flight services to all West African destinations following the continued spread of coronavirus. According to...
The Federal Government on Wednesday cut the 2020 Budget by N1.5 trillion. President Muhammadu Buhari presented the 2020 budget of N10. 59 trillion to the National...
The Central Bank of Nigeria on Wednesday announced a N1.1trillion intervention fund to support critical sectors of the economy. The CBN Governor, Godwin Emefiele, who disclosed...
Following days of losing spell, the Nigerian Stock Exchange (NSE) rallied on Wednesday, posting gains in the neighbourhood of N128.494 billion. Only the Banking Index and...
President Muhammadu Buhari on Wednesday approved the reduction in pump price of Premium Motor Spirit (PMS) from N145 per liter to N125. The President gave the...
The latest quarterly report of the Nigerian Electricity Regulatory Commission (NERC) has revealed a wide metering gap among electricity users with 59.74% of the consumer population...
The exchange rates of the US Dollar hovered between N365 and N369 at the Bureau de Change segment of the market on Tuesday. Owing to the...
The Presidential Economic Advisory Council (PEAC) on Tuesday at its meeting with President Muhammadu Buhari recommended reduction in budget size and widening of the nation’s revenue...
