Joshua Ukute, president of the National Association of Microfinance Banks, has reassured depositors that their money is secure despite the Central Bank of Nigeria (CBN) revoking...
Investors in Conoil, Unilever, and others lost N57.71 billion at the close of trading in the Nigerian capital market on Thursday. The drop in demand for...
The Home Secretary of the United Kingdom has defended the international student package measures that seek to block Nigerians and other foreign students from bringing their...
Investors in Tripple Gee and Nestle were among the gainers as the equity capitalization in the Nigerian capital market rose to N28.81 trillion at the close...
The governor of the Central Bank of Nigeria, Godwin Emefiele has said that the Monetary Policy Committee (MPC) of the bank will further raise the interest...
Oil and gas companies, Seplat Energy and ExxonMobil, have extended the Share Sale and Purchase Agreement (SSPA) for the acquisition of Mobil Producing Nigeria Unlimited (MPNU)....
According to the World Bank, Nigeria has an $82 billion healthcare gap. And public spending on healthcare falls far short. Nigeria’s public spending on healthcare amounts...
The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first quarter (Q1)...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate, also known as the interest rate, to 18.5...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has approved the cancellation of licences issued to 132 microfinance banks operating in Nigeria. Emefele...
The Nigerian capital market ended trading with N28.65 trillion in equity capitalization on Tuesday. The figure was N130 billion or 0.48 percent increase over the N28.52...
The acquisition of minority shares by Ocean and Oil Development Partners (OODP) and Oando Plc has been delayed by the Federal High Court, Ikoyi, sitting in...
The Federal Government on Monday, declared that no unlicensed petroleum product dealer would be permitted to load items starting from June 1, 2023, and that such...
Nigerian stock exchange appreciated in value by 0.34 per cent on Monday, as the market capitalisation of the bourse increased from N28.42 trillion to N28.52 trillion....
The President of the African Development Bank (AfDB) Group, Akinwumi Adesina, said on Monday Africa would need about $2.7 trillion by 2030 to finance climate change....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday, pegged the cost for the construction of the Dangote Petroleum Refinery at $18.5...
The founder of Dangote Petroleum Refinery and Petrochemicals, Aliko Dangote, has revealed that the first production output from the facility will be in the third quarter...
President Muhammadu Buhari will today commission (Monday) the Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Lagos. The event will be attended...
With activities back in the Nigerian stock market this week, do well to have First City Monument Bank (FCMB), Airtel Africa and Ardova on your stock-to-watch...
Investors in the Nigerian stock market traded 3.029 billion shares valued at N33.62 billion in 29,505 deals last week. This fell short of the 3.602 billion...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
In Nigeria, investing in real estate has traditionally been seen as a profitable business with great prospective returns. However, Nigerians’ lack of education in that sector...
The equity capitalization in the Nigerian capital market rose by 0.15 percent on Friday. This represented a N50 billion growth in the market capitalization from N28.37...
The International Monetary Fund (IMF) has stated that the adoption of Nigeria’s digital currency, eNaira, by Nigerians has been disappointingly low. In a report dated May...
In the first quarter of 2023, 34 defaulting employers were fined N191.22 million by the National Pension Commission (PenCom) for not remitting N193.06 million in pension...
On May 12, 2023, Anthony Olasele was five hours away from Nigeria, earning a living and minding his business in faraway Spain when he learnt that...
The Federation Account Allocation Committee (FAAC) on Thursday shared a total sum of N655.932 billion to the Federal Government, states, and local councils as revenue allocation...
The equity capitalization in the Nigerian capital market crashed by 0.89 percent at the close of trading on Thursday. This represented a N256.6 billion drop in...
The International Monetary Fund (IMF) has approved the Ghanaian government’s request for a $3 billion loan. Ghana had requested the loan following a financial crisis that...
The Nnamdi Azikiwe International Airport in Abuja and the Mallam Aminu Kano International Airport in Kano have been concessioned by the federal government of Nigeria for...
The value of investments in the Nigerian capital market rose by 0.31 percent at the close of trading on Wednesday. This represented a N87.9 billion growth...
Kaduna Electricity Distribution Company (KAEDCO) risk losing its operational licence due to the company’s N51.93 billion debt. KAEDCO received a notification from the Nigerian Electricity Regulatory...
Investors in the Nigerian capital market gained N102.3 billion at the close of trading on Tuesday. This followed the rise in market capitalization from N28.44 trillion...
The minority shareholders of Union Bank of Nigeria (UBN) have been ordered by the Federal High Court to vote on the N7 per share acquisition offer...
The International Air Transport Association (IATA) has denied setting an exchange rate for international flight tickets in Nigeria. There have been reports that international airlines have...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged telecoms firms and deposit money banks (DMBs) to consider the interest of financial...
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, on Monday, cautioned the 36 state governors on excessive borrowing. Okonjo-Iweala, who spoke at the...
The Nigerian capital market ended trading with N28.44 trillion equity capitalization on Monday. The figure was 0.03 percent or N10 billion higher than the N28.43 trillion...
Nigeria’s headline inflation rate rose to 22.22 percent in April, the National Bureau of Statistics (NBS) said on Monday. The country’s inflate was pegged at 22.04...
Something happened in the last week of April 2023 when the Federal Airport Authority (FAAN) and Lagos State Building Control Agency went to Ajao Estate to...
The single majority investor and directors at First City Monument Bank (FCMB) were busy mopping up shares in the stock market last week, buying 13.37 million...
Geregu, United Bank for Africa (UBA) and Transnational Corporation (Transcorp) Plc made the list of companies’ stocks to watch this week, thanks to the activities of...
Equity traders exchanged a total turnover of 3.602 billion shares in 27,801 deals, worth N36.451 billion, between Monday to Friday this week. The stock market investors...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed President Muhammadu Buhari and the previous administrations for Nigeria’s rising debt. Oniha said the...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The National Hajj Commission (NAHCON) has agreed to the $250 increase in flight tickets demanded by Air Peace and three other airlines from pilgrims to Saudi...
Telecommunications operators in Nigeria have concluded plans to disconnect banks over N120 billion in Unstructured Supplementary Service Data (USSD) debt. The latest move followed approval by...
The equity capitalization in the Nigerian capital market rose by 0.10 percent at the close of trading on Friday. This indicated a N29.06 growth in the...
Angola displaced Nigeria as Africa’s largest crude oil producer last month. The oil production data from April obtained from the Organisation of Petroleum Exporting Countries (OPEC)...
Airtel Africa recorded a drop in its net profit, with Nigeria leading its revenue growth for the annual financial period covering April 2022 and March 2023....