Cement Producers Association of Nigeria has said the price of cement could rise from N5,000 to N9,000 due to the Federal Government’s decision to replace conventional...
Capital Hotels has opened an escrow account to pay off shareholders exiting the firm ahead of its delisting from the Nigerian capital market. The firm confirmed...
Investors in Oando, Caverton Helicopters, and other equities in the Nigerian capital market lost N241.8 billion at the close of trading on Monday. This followed the...
The Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, LIRS, Mr Tokunbo Akande has clarified the misunderstanding about stamp duty as...
The planned strike by the Trade Union Congress on Monday, according to the organised private sector of Nigeria (OPSN), poses a serious threat to the country’s...
For this week’s stocks to watch, MTN Nigeria Airtel and Ellah Lakes should be on your list, as the Nigerian exchange return for another week of...
Access Holdings has reported that its group gross earnings for the first half of 2023 rose by 58.89 per cent to N940.31 billion, compared to the...
The Minister of Power, Adebayo Adelabu, said on Friday the Federal Government was working towards generating 20,000 megawatts of electricity by 2026. The minister, who disclosed...
The week ended with equity investors parting with N30.379 billion in 38,536 deals to trade 3.911 billion shares, stock data released by the Nigerian Exchange Limited...
A housing deficit refers to a situation where there is an insufficient supply of housing units to accommodate the population’s housing needs. This shortage of housing...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, owners of petrol stations that tamper with the fuel pumps would face penalties. Farouk Ahmed, the chief executive...
The equity capitalization in the Nigerian capital market crashed by 1.38 percent at the close of trading on Friday. This represented a N518.08 billion dip in...
The National Bureau of Statistics (NBS) said on Friday the average price of petrol per litre rose by 230.78 percent in August. The agency disclosed this...
The Central Bank of Nigeria (CBN), on Friday, said its newly appointed governor, Olayemi Cardoso, has subscribed to relevant oaths required to resume to his position...
The Nigerian Civil Aviation Authority (NCAA) said it has identified and suspended violators of its fueling regulations after a public outcry trailed the contaminated fuel found...
Sell-offs gripped the Nigerian capital market on Thursday leading to losses in Oando, Tantalizer, and other entities at the close of the day’s trading. The sell-offs...
The Central Bank of Nigeria (CBN) has postponed the Monetary Policy Committee (MPC) meeting slated for next week, days after the apex bank’s leadership was changed....
The World Bank said Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022, as the continent recorded an estimated $52.9 billion. According to...
President Bola Tinubu on Wednesday rang the closing bell at the Nasdaq Stock Market in New York. Tinubu, who was accompanied to the ceremony by the...
The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of microfinance bank (MFB) licence applications. The CBN’s Director of Corporate...
Trading in the Nigerian stock market ended on Wednesday with the equity capitalization depreciating by 0.03 percent. This represented a N12.86 billion dip in the market...
The United States deputy treasury secretary, Adewale Adeyemo, has dismissed speculations that he is in Nigeria to counter the influence of China on the Nigerian government....
The equity capitalization in the Nigerian capital market rose by 0.71 percent on Tuesday. This represented a N263.8 billion increase in the value of investments at...
President Bola Tinubu Tuesday assured investors of Nigeria’s readiness to take its rightful place in the global business environment. The president, according to a statement issued...
The chairman of Arik Air, Johnson Arumemi-Ikide, has been told to provide a suitable debt recovery plan before Assets Management Corporation of Nigeria (AMCON) returns the...
The Nigerian National Petroleum Company (NNPC) Limited says more management staff will be exiting the company on Monday, as the firm continues its leadership shakeup. According...
Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to N87.38 trillion...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya-Orji, said on Monday the oil and gas industry generated over $23 billion...
Investors with Chams, Stanbic and IBTC pocketed N260 billion at the close of trading on Monday. This followed the growth in the market capitalization from N36.88...
The total number of active subscribers for telephone services fell by 2.71 percent in the first half (H1) of 2023 following a decline in the subscriber...
The stocks to watch list this week consists of Fidelity Bank, Dangote Sugar and Associated Bus Company (ABC), after the capital market reacted negatively to their...
The Nigerian National Petroleum Company Limited (NNPCL) has appointed new executive vice presidents for its upstream, downstream, gas and power operations. NNPC made changes to its...
The Nigerian National Petroleum Company Limited (NNPCL) has signed a $7 billion gas supply deal with Indorama Eleme Petrochemicals Limited. NNPCL disclosed this in a statement...
The Executive Vice-Chairman of the Nigeria Communications Commission (NCC), Prof. Umar Danbatta, said on Saturday that investment inflow into the country’s telecommunication sector rose by $39...
The Nigerian capital market closed trading on Friday with a N33.07 billion gain. This followed the growth in equity capitalization by 0.08 percent from N36.88 trillion...
Food and non-alcoholic Beverages and housing were major drivers of the inflation rate in August 2023, as inflation soared to 25.80 per cent. The National Bureau...
The Debt Management Office (DMO) has revealed that Nigeria’s total public debt rose by 75.29 per cent to N87.38 trillion in the second quarter of 2023....
Scammers are using Seplat brand to swindle unsuspecting Nigerians, luring them with Purchase Orders (PO) or Request for Quotations (RFQ)/Invitation to Tenders (|TTs). Seplat in a...
The equity capitalization in the Nigerian capital market crashed by 0.06 percent at the close of trading on Thursday. This represented a N23.8 billion dip in...
The International Monetary Fund (IMF) said global debt increased to $235 trillion in 2022, which is 238 percent of the global gross domestic product reported last...
The Central Bank of Nigeria (CBN) and the Bank of England have taken a position on the acquisition of Union Bank UK Plc (UBUK) by Fidelity...
The value of investments in the Nigerian stock market appreciated by N339 billion at the close of trading on Wednesday. This represented a 0.93 growth in...
Members of the Association of Bureaux De Change Operators of Nigeria (ABCON) are considering a merger as they struggle with foreign exchange volatility and scarcity. ABCON...
MTN Nigeria has acquired spectrum band from OpenSkys Services Limited, the company disclosed in a statement filed with the Nigerian Exchange Limited (NGX) on Tuesday. The...
The Chairman of Geregu Power, Femi Otedola, said the resumption of diplomatic relationship between Nigeria and the United Arab Emirates (UAE) has more impact than just...
The naira exchanged for N742.10 to a dollar at the Investors and Exporters window on Tuesday. The local currency appreciated by 4.06 percent compared to the...
Investors in the Nigerian capital market lost N300 billion at the close of trading on Tuesday. This followed the crash in the market capitalization by 0.79...
Nigeria increased its crude oil production in August to 1.18 million barrels per day (bpd), the Organization of the Petroleum Exporting Countries (OPEC) disclosed on Tuesday....
The Nigerian Postal Services (NIPOST) failed to increase its revenue for three straight years, as turnover plummeted by 43.8 per cent between 2019 to 2022. The...
The director of the banking supervision department of the Central Bank of Nigeria (CBN), Haruna Mustafa, said deposit money banks (DMBs) have been barred from using...