The Nigerian stock market set another record on Thursday after the All-Share Index appreciated by 0.16 percent to hit an all-time high as the bulls controlled...
The revenue generated by the Abuja-Kaduna rail line has significantly dropped by 99.8 per cent, the Managing Director of the Nigeria Railway Corporation (NRC), Fidet Okhiria,...
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the first half of 2023, showcasing an increase in...
Over N125 billion was raised by MTN Nigeria through the Commercial Paper Issuance Programme, the telecommunications company revealed on Wednesday. MTN Nigeria said the firm’s initial...
Investors in the Nigerian capital market lost N27.8 billion at the close of business on Wednesday. This followed the crash in the market capitalization from N36.39...
Dangote Sugar Refinery (DSR) has disclosed that it has agreed to the terms and conditions of the merger of the company with NASCON Allied Industries Plc....
The Federal Ministry of Health has committed to raising the tax on beverages with added sugar from the existing 10 percent rate to 20 percent. This...
Borno State-based investment firm, Stockmatch Investments Ltd, was on Tuesday shut down by the capital market regulator, the Securities and Exchange Commission (SEC). The regulator said...
The naira exchanged at N775.34 to a dollar at the Investors and Exporters window on Tuesday. The Nigerian currency lost by 0.42 percent compared to the...
While forex trading in Nigeria is gaining popularity, there is still a large population that has no idea how to approach this market. As a new...
The market capitalisation of the Nigerian stock exchange jumped to N36.39 trillion on Tuesday, up from the previous day’s N36.20 trillion. According to data from the...
Flour Mills of Nigeria (FMN) recorded loss after tax in the period ended June 2023 and also lost millions to penalty during the same period, the...
The former statistician-general of the federation, Yemi Kale, has criticised the new methodology the National Bureau of Statistics (NBS) used to evaluate Nigeria’s unemployment rate. Kale...
The Management of Dangote Cement Plc has stated that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023)...
The equity capitalisation in the Nigerian capital market rose by 1.14 per cent at the close of trading on Monday. This represented a N320 billion growth...
The top 10 contributing sectors to Nigeria’s real Gross Domestic Product (GDP) in the second quarter (Q2) of 2023 are lead by Crop production, while other...
Equity market transactions in Nigeria rose by 72.83 per cent month-on-month, as the stock market recorded N702.9 billion traded in July 2023, the Nigerian Exchange Limited...
Trading activities return to the Nigerian stock market this week and some of the stocks to watch are First Bank Nigeria (FBN) Holdings, Tantalizer and Transcorp...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
At the just concluded week, Nigerian stock market traders exchanged N29.299 billion in 31,163 deals to trade 1.812 billion shares within five days. During trading the...
Property investment in Nigeria has become increasingly popular in recent years due to the country’s growing population, urbanization, and potential for high returns. Lagos, the commercial...
The World Bank will collaborate with the Federal Government to roll out digital national identity cards for Nigerians. The World Bank Director for Nigeria, Shubham Chaudhuri,...
The Head, Investor Relations, First Bank Nigeria (FBN) Holdings Plc, Tolu Oluwole, has sold off his shares in the financial institution amid a drop in the...
The Central Bank of Nigeria (CBN) has announced a number of operational modifications for the Bureau De Change (BDC) segment in an effort to increase the...
The value of investments in the Nigerian capital market rose by 0.24 percent at close of trading on Friday. This represented a N85.7 billion growth in...
The former special assistant on digital/new media to ex-President Muhammadu Buhari, Tolu Ogunlesi, on Friday revealed that Nigeria has never applied to join BRICS after the...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s Gross Domestic Product (GDP) recorded a growth of 2.51 per cent in real terms in the...
The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, has called for a review of the prices of services of network...
The International Monetary Fund (IMF) has disclosed that $7 trillion was spent by governments across the world on fossil-fuel subsidies in 2022. In a report obtained...
The Central Bank of Nigeria (CBN) has rubbished a report by JP Morgan on the status of Nigeria’s foreign reserves which sparked concerns over forex liquidity...
Investors in the Nigerian capital market lost N49.8 billion at the close of trading on Thursday. This followed the crash in the market capitalization from N35.84...
The National Bureau of Statistics (NBS) said on Thursday Nigeria’s unemployment rate dropped to 4.1 percent in the first quarter of this year. In a report...
Ikeja Hotel has adopted cost savings measures that resulted in some of its workers losing their jobs, as the management struggled to make the company a...
The spokesperson for the Airline Operators of Nigeria (AON), Obiora Okonkwo, has requested a special foreign exchange window for airline operators to access dollars. Okonkwo said...
Nigeria’s stock exchange proposes allowing dollar-denominated bond listings and potentially expanding this to stocks, with the aim of easing foreign currency access for companies in Africa’s...
The Naira exchanged for N773.42 to the dollar at the Investors and Exporters window on Wednesday. This indicated that the Nigerian currency depreciated by 0.35 percent...
The value of investments in the Nigerian capital market rose by N2.2 billion at the close of trading on Wednesday. This followed the growth in equity...
Ikeja Hotel has announced that the hospitality firm will sell a stake in the company to raise billions of naira, as it rolls out bonus shares...
The Chief Executive Officer of Nigerian Exchange Ltd., Temi Popoola, has disclosed that the capital market in the country is considering a dollar-denominated bond listings. Popoola...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has told the Federal Government to stop destroying illegal refineries in the Niger Delta creeks. The Chairman of...
Nigerian stock market capitalisation grew to N35.84 trillion on Tuesday, rising by N157.58 billion from the previous day’s N35.68 trillion. The All-Share Index rose by 286.26...
The three tiers of government on Tuesday shared the sum of N966.110 billion as revenue allocation for July. The Federation Account Allocation Committee (FAAC) disclosed this...
The BRICS nations; Brazil, Russia, India, China and South Africa, have agreed to reduce their reliance on the dollar in loan advances to their members. This...
The money supply in Nigeria increased to N64.9 trillion in July 2023, the money and credit statistics report obtained from the Central Bank of Nigeria (CBN)...
US-based financial firm, JP Morgan, has disclosed that Nigeria’s foreign reserves stood significantly lower than the figure the Central Bank of Nigeria (CBN) claimed the country...
On Monday, the Nigerian stock market recorded 0.74 per cent appreciation in the equity capitalisation, representing N262.52 billion gain. This raised the market capitalisation from N35.42...
Petrol consumption in Nigeria dropped in July by 19.95 per cent month-on-month, following the removal of fuel subsidy by President Bola Tinubu. According to the Nigerian...
The Manufacturers Association of Nigeria (MAN) said the Federal Government is placing its N77 trillion debt burden on manufacturers through high and multiple taxes. In the...
MTN Nigeria, Unity Bank and Wema Bank are the stocks to watch this week as the Nigerian bourse resumes trading. Ripples Nigeria stocks watchlist is a...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...