BUA Cement has announced a revenue growth of 27.4% to N460n from the N361 billion recorded in the previous year. This is despite a foreign exchange...
The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days. The governor of...
The Nigerian equities market on Thursday reversed the three-day losses as investors made N391 billion at the close of the day’s trading. This followed the rise...
The Senate has approved four nominees out of five from President Bola Tinubu to serve on the Board of Directors of the Central Bank of Nigeria,...
The Centre for the Promotion of Private Enterprise (CPPE) has recommended several measures that the Federal Government must urgently take to address the spiralling inflation facing...
Following scathing backlash from the Nigerian government, Binance, a crypt exchange with over 170 million users worldwide has disabled its peer-to-peer (P2P) feature for Nigerian users....
Minister of Information and National Orientation, Mohammed Idris, has lauded the removal of petrol subsidy by President Bola Tinubu, saying the singular act has reduced the...
For the third consecutive day, the Nigerian equities market tumbled as poor performances by stocks like WAPCO, Nigerian Breweries, FCMB, and others cost investors N720 billion...
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14 trillion investment...
Multichoice Group, the parent company of digital satellite television providers DSTV and GOTV, has landed in hot soup after the House of Representatives mandated its Committee...
Air Peace, a Nigerian airline, announced new pricing for its upcoming London route, effective March 30th, 2024. This is contained in a statement in Lagos by...
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has revealed that a whopping $26 billion was moved by unknown sources through Binance...
The Federal Government has announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024 eight years after the project commenced....
The Senate is considering sweeping reforms in the administration and function of the Central Bank of Nigeria by amending the CBN Act, 2007. Some of the...
The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) operating in Nigeria has left contrary to insinuations in some quarters. The...
Investors in the Nigerian capital market lost N733 billion after First Bank of Nigeria Holdings, Multiverse, MTN Nigeria, and others crashed during the day’s trading. After...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised interest rates, from 18.75 percent to 22.75 percent. The MPC made the disclosure...
In a move to stabilize the naira and narrow the gap between the official and unofficial foreign exchange rates The Central Bank of Nigeria (CBN) has...
In a development that belies the much-vaunted US-Nigeria economic relationship, fresh data from the National Bureau of Statistics has shown that capital importation from Joe Biden’s...
The Manufacturers Association of Nigeria (MAN) has warned that the worsening foreign exchange crisis in the economy may force many factories to shut down their operations....
Investments in Nigeria’s telecommunications sector in 2023 declined by a whopping $322m to $134m from $456.8m in the corresponding year, fresh Nigerian Capital Importation 2023 data...
Investors at the Nigerian equities lost N51 billion at the close of trading on Monday. This followed the crash in the market capitalization to N55.81 trillion...
The planned strike of bakers in the country set to commence on Tuesday has suffered a setback, as a group of bakers, on Monday, kicked against...
Investors in the Nigerian equities market endured another topsy-turvy trading week last week characterized by three days of bears and two days of bull with the...
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1000\$1...
Africa’s richest man, Aliko Dangote; the Chairman of BUA Group, Abdulsamad Rabiu; ex-Governor of the Central Bank of Nigeria (CBN), and Governor of Anambra State Chukwuma...
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...
Short-term rentals have become increasingly popular in Lagos, offering visitors a more personalized and flexible accommodation experience compared to traditional hotels. These two prevalent short-let models...
The Central Bank of Nigeria (CBN) has directed the Nigerian Customs Service (NCS) to adopt the same forex rate for importation and clearance of goods in...
Investors in the Nigerian capital market went home with N464 billion at the close of trading on Friday. This followed the rise of market capitalization to...
President Bola Tinubu has appointed Mr. Gbenga Alade as Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON). He succeeds Ahmed Kuru, who was...
The three tiers of government on Thursday shared the sum of N1.15 trillion as revenue allocation for January. The Director of Press and Public Relations in...
For the third time this week, trading activities in the Nigerian equities market closed in the red as investors lost N67 billion after hours of trading...
Ahead of the maiden Monetary Policy Committee (MPC) meeting slated for February 26-27, 2024, the Senate has confirmed the appointment of 12 persons as members of...
Nigeria’s Gross Domestic Product (GDP) fell to 2.74% in 2023, a slight deceleration from the 3.10% growth rate experienced in 2022, fresh data by the National...
The Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Ola Olukoyede, has frowned at sharp practices, compromises, and unethical practices in the banking sector....
The Special Adviser on Information & Strategy to President Bola Tinubu, Mr Bayo Onanuga has called on the Economic and Financial Crimes Commission (EFCC) and the...
President Bola Tinubu has approved the appointment of Mr. Ibrahim Gaga as the Executive Director of the Nigerian Export-Import (NEXIM) Bank. The Special Adviser on Media...
The Nigerian equities market rebounded from two consecutive losses on Wednesday as investors made N165 billion at the end of the day’s trading. This followed the...
The Nigerian Association of Road Transport Owners (NARTO) has clarified that its demands from the Federal Government will not lead to an increase in petrol prices....
The Central Bank of Nigeria (CBN) has again, for the umpteenth time, increased the rate for Customs duty exchange to N1,605.82/$1. This development is coming less...
Nigeria imported 11.94 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, during the first half of 2023, fresh data from the National Bureau...
President Bola Tinubu on Tuesday made public the plan of his government to raise $10bn to improve liquidity in the foreign exchange market. This is as...
Vice President Kashim Shettima Tuesday unveiled the Federal Government’s plans to recapitalize and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve...
The Federal Government has formally handed over the $1.3 billion Zungeru Hydroelectric Power Plant to a concessionaire, Penstock Limited. The plant was handed over to the...
For the second consecutive day, investors in the Nigerian equities market lost N729 billion at the close of trading on Tuesday. This followed the crash in...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Tuesday the Federal Government would audit the N22.7 trillion Ways and Means...
Minister of Housing and Urban Development, Ahmed Dangiwa, has accused cement manufacturers in the country of taking advantage of the rise in dollar against the naira...
Following the N17 trillion loss incurred by the country on tax waivers within the last five years, the Senate, through its Committee on Finance on Monday...
The United Kingdom, Mauritius, Netherlands, Singapore, and South Africa have emerged as the top five sources of capital importation into Nigeria in the Fourth Quarter of...